Press release 10.20.09 par admin
2009 Third Quarter Sales
Impacted by the current economic environment and, in particular, by the sharp downturn of the automobile industry, CFAO sales in the first nine months of 2009 were down 4.7% on a comparable basis. In the third quarter of 2009, sales of CFAO were down 10.9% from the third quarter 2008 level on a comparable basis.
Against a particularly high base in the third quarter of 2008 (+19% over the third quarter of 2007), sales of the Automotive division were down 21% in the third quarter of 2009 (on comparable basis), with only French overseas territories bucking the trend. CFAO Automotive gained market share in most countries this quarter.
Comparable sales of the Pharmaceutical division were up 5% over the third quarter of 2008, with satisfactory increases across all markets apart from Algeria. Sales of the Industries division were up 4% on a comparable basis.