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GL TRADE Reports Turnover Of €44.6M For The First Quarter Of 2006, Up 3.6% On The Same Period In 2005 - A Return To Organic Growth

Date 03/05/2006

The group generated a turnover of €44.6M in the first quarter of 2006: up 3.6% based on reported figures. Organic growth (excluding Oasis, which was acquired during 2005) was 1.7%.

With a growth of nearly 14%, the Asia-Pacific region was once again a strong contributor to these results. The Americas also put in a strong performance, with an organic growth of 8.5% (27.6% including turnover from Oasis).

Strong sales of middle to back office solutions and risk management products confirms the group’s strategy of enriching its product lines, which it has been doing for several years now, in particular since the acquisition of MSTS and Ubitrade.

As expected, Fermat, which produced exceptionally strong, but mainly non-recurrent turnover in 2005, showed a drop in sales over the first quarter.

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