RESULTATS ANNUELS 2003 :
<body> <p class="MsoNormal" style="margin-right:-11.7pt"><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"/> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"/> <v:f eqn="sum @0 1 0"/> <v:f eqn="sum 0 0 @1"/> <v:f eqn="prod @2 1 2"/> <v:f eqn="prod @3 21600 pixelWidth"/> <v:f eqn="prod @3 21600 pixelHeight"/> <v:f eqn="sum @0 0 1"/> <v:f eqn="prod @6 1 2"/> <v:f eqn="prod @7 21600 pixelWidth"/> <v:f eqn="sum @8 21600 0"/> <v:f eqn="prod @7 21600 pixelHeight"/> <v:f eqn="sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"/> <o:lock v:ext="edit" aspectratio="t"/> </v:shapetype><v:shape id="_x0000_s1025" type="#_x0000_t75" style='position:absolute; margin-left:117.75pt;margin-top:-24pt;width:259.5pt;height:70.5pt;z-index:1' o:allowincell="f" fillcolor="window"> <v:imagedata src="nouvellepage1_fichiers/image001.jpg" o:title="LOGO Groupe OPEN"/> </v:shape><![endif]--><![if !vml]><span style='mso-ignore:vglayout;position: absolute;z-index:1;left:167px;top:-17px;width:346px;height:94px'><img width=346 height=94 src="nouvellepage1_fichiers/image002.jpg" v:shapes="_x0000_s1025"></span><![endif]><span style="font-size: 11.0pt; font-family: Times"><br> <![if !supportLineBreakNewLine]><br> <![endif]></span></p> <p class="MsoNormal" align="center" style="margin-right:-11.7pt;text-align:center"> <span style="font-size: 11.0pt; font-family: Times"> </span></p> <p class="MsoNormal" align="center" style="margin-right:-11.7pt;text-align:center"> <span style="font-size: 11.0pt; font-family: Times"> </span></p> <h1 align="center" style="margin-right:-1.75pt;text-align:center"><i> <span style="font-size: 14.0pt; font-family: Times New Roman"> </span></i></h1> <h1 align="center" style="margin-right:-1.75pt;text-align:center"><i> <span style="font-size: 14.0pt; font-family: Times New Roman"> </span></i></h1> <p class="MsoNormal" align="right" style="margin-top:0cm;margin-right:-1.75pt; margin-bottom:0cm;margin-left:106.2pt;margin-bottom:.0001pt;text-align:right; text-indent:35.4pt"><i><span style="font-size: 11.0pt"> </span></i></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><b><span style="font-size: 11.0pt"> </span></b></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><b><span style="font-size: 11.0pt"> </span></b></p> <p class="MsoNormal" align="center" style="margin-right:-1.75pt;text-align:center"> <b><u><span style="font-size: 14.0pt; color: black">RESULTATS ANNUELS 2003 : </span></u></b></p> <h3>Chiffre d’affaires : +11,5 %, Résultat courant : +23,6%</h3> <p class="MsoNormal" align="center" style="margin-right:-1.75pt;text-align:center"> <b><span style="font-size: 14.0pt; color: black">Proposition de versement d’un dividende de 0,37€ par action</span></b></p> <p class="MsoNormal"><span style="font-size:10.0pt"> </span></p> <p class="MsoFooter"><span style="font-family:"Times New Roman""> </span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><b><span style="font-size: 11.0pt">Paris, le 13 avril 2004. </span></b>– Groupe OPEN (<i>ISIN : FR 0004050300</i> ; segment <i>NextEconomy</i> – <i>972, services informatiques</i>) qui intervient dans la conception, la réalisation et la mise en œuvre du système d’information des entreprises, annonce ses résultats annuels pour l’exercice 2003 clos le 31 décembre. </p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="color:red"> </span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="color:red"> </span></p> <h5><span style="font-size: 14.0pt; font-family: Times New Roman">Résultats consolidés comparés</span></h5> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><b><span style="font-size: 11.0pt"> </span></b></p> <div align="center"> <table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: medium none"> <tr style="height:21.45pt"> <td width="240" valign="top" style="width: 179.95pt; height: 21.45pt; border: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt;line-height:150%"><i> <span style="position: relative; top: 15.0pt">En millions d’Euros</span></i></td> <td width="76" valign="top" style="width: 2.0cm; height: 21.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">S1</span></b></td> <td width="63" valign="top" style="width: 47.55pt; height: 21.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoHeading9" align="center" style="text-align: center; line-height: 150%"> <span style="font-family:"Times New Roman"">S2</span></td> <td width="80" valign="top" style="width: 60.35pt; height: 21.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">2003</span></b></td> <td width="83" valign="top" style="width: 62.2pt; height: 21.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">2002</span></td> <td width="91" valign="top" style="width: 68.2pt; height: 21.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">Progression</span></b></td> </tr> <tr style="height:33.1pt"> <td width="240" valign="top" style="width: 179.95pt; height: 33.1pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <h2>Chiffre d’affaires</h2> </td> <td width="76" valign="top" style="width: 2.0cm; height: 33.1pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">102</span></td> <td width="63" valign="top" style="width: 47.55pt; height: 33.1pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">129</span></td> <td width="80" valign="top" style="width: 60.35pt; height: 33.1pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">231</span></b></td> <td width="83" valign="top" style="width: 62.2pt; height: 33.1pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">207</span></td> <td width="91" valign="top" style="width: 68.2pt; height: 33.1pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" style="line-height:150%"><b> <span style="position: relative; top: 15.0pt"> +11,5%</span></b></td> </tr> <tr style="height:35.05pt"> <td width="240" valign="top" style="width: 179.95pt; height: 35.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt"><b><span style="position: relative; top: 15.0pt"> Résultat d’exploitation</span></b></td> <td width="76" valign="top" style="width: 2.0cm; height: 35.05pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="position: relative; top: 15.0pt">3,6</span></td> <td width="63" valign="top" style="width: 47.55pt; height: 35.05pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="position: relative; top: 15.0pt">5,6</span></td> <td width="80" valign="top" style="width: 60.35pt; height: 35.05pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b> <span style="position: relative; top: 15.0pt">9,2</span></b></td> <td width="83" valign="top" style="width: 62.2pt; height: 35.05pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="position: relative; top: 15.0pt">8,5</span></td> <td width="91" valign="top" style="width: 68.2pt; height: 35.05pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b> <span style="position: relative; top: 15.0pt">+7,8 %</span></b></td> </tr> <tr style="height:20.0pt"> <td width="240" valign="top" style="width: 179.95pt; height: 20.0pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt"><b><span style="position: relative; top: 15.0pt"> Résultat courant</span></b></p> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt"><b><span style="position: relative; top: 15.0pt"> </span></b></td> <td width="76" valign="top" style="width: 2.0cm; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">3,3</span></td> <td width="63" valign="top" style="width: 47.55pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">4,9</span></td> <td width="80" valign="top" style="width: 60.35pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">8,2</span></b></td> <td width="83" valign="top" style="width: 62.2pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">6,6</span></td> <td width="91" valign="top" style="width: 68.2pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt"> +23,6 %</span></b></td> </tr> <tr style="height: 20.0pt"> <td width="240" valign="top" style="width: 179.95pt; height: 20.0pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt"><b><span style="position: relative; top: 15.0pt"> Résultat net des sociétés intégrées</span></b></p> <p class="MsoNormal" align="center" style="margin-left:35.35pt;text-align:center; text-indent:-35.35pt"><span style="position: relative; top: 15.0pt">(avant survaleurs)</span></td> <td width="76" valign="top" style="width: 2.0cm; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" style="line-height:150%"> <span style="position: relative; top: 15.0pt"> 2</span></td> <td width="63" valign="top" style="width: 47.55pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">3,4</span></td> <td width="80" valign="top" style="width: 60.35pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt">5,4</span></b></td> <td width="83" valign="top" style="width: 62.2pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <span style="position: relative; top: 15.0pt">4,8</span></td> <td width="91" valign="top" style="width: 68.2pt; height: 20.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center;line-height:150%"> <b><span style="position: relative; top: 15.0pt"> +11,3%</span></b></td> </tr> </table> </div> <p class="MsoBodyText" align="left" style="text-align:left"> <span style="font-family: "Times New Roman";font-weight:normal"> </span></p> <p class="MsoNormal" style="margin-right:-1.7pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times; color: black">L’exercice 2003 est marqué, une nouvelle fois et dans un contexte économique difficile, par l’excellente performance de </span>Groupe OPEN. Le <span style="font-family: Times; color: black">chiffre d’affaires s’établit en effet à 231 M€, en croissance organique de 11,5%, dans un marché informatique en recul de 4% en France . Ce résultat est supérieur à l’objectif de croissance formulé par la société en début d’exercice. </span></p> <p class="MsoNormal" style="margin-right:-1.7pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times; color: black"> </span></p> <p class="MsoNormal" style="margin-right:-1.7pt;text-align:justify;text-justify: inter-ideograph"> <span style="font-family: Times; color: black; text-transform: uppercase">À</span><span style="font-family: Times; color: black"> l’international (17% du CA, pour un chiffre d’affaires de 39,2 </span> <span style="color:black">M€</span><span style="font-family: Times; color: black">), la croissance s’élève à 40%. Fondée sur un management local et la duplication des « best practices », cette croissance traduit la réussite de Groupe OPEN dans les premiers déploiements de son activité en Europe.</span></p> <p class="MsoBodyText" align="left" style="text-align:left"> <span style="font-family: "Times New Roman";font-weight:normal"> </span></p> <p class="MsoBodyText" style="text-align:justify;text-justify:inter-ideograph"> <span style="font-family:"Times New Roman";font-weight:normal">LOGIX, spécialiste d’infrastructures e-business auprès des professionnels de l’informatique, a poursuivi sa très bonne performance tout au long de l’année. Ses parts de marché se sont accrues et son développement s’est poursuivi, notamment grâce à l’entité « Sécurité et Réseaux » qui réalise une très bonne année 2003, en croissance de +159%, avec 21<span style="color:black"> M</span></span><span style="color:black">€</span><span style="font-family:"Times New Roman"; font-weight:normal"> de chiffre d’affaires. LOGIX continue l’amélioration de ses marges. Les nouveaux partenariats avec EMC et BUSINESS OBJECTS se sont révélés fructueux.</span></p> <p class="MsoBodyText" style="text-align:justify;text-justify:inter-ideograph"> <span style="font-family:"Times New Roman";font-weight:normal"> </span></p> <p class="MsoBodyText" style="text-align:justify;text-justify:inter-ideograph"> <span style="font-family:"Times New Roman";font-weight:normal"> </span></p> <p class="MsoBodyText" style="text-align:justify;text-justify:inter-ideograph"> <span style="font-family:"Times New Roman";font-weight:normal"> </span></p> <p class="MsoBodyText" style="text-align:justify;text-justify:inter-ideograph"> <span style="font-family:"Times New Roman";font-weight:normal">Le chiffre d’affaires d’INNETIS, société de services, est pour sa part en retrait par rapport à 2002 en raison de la faiblesse des activités de mise en œuvre des ERP et d’intégration. En revanche, les activités d’ingéniérie et d’infogérance ont été en croissance.</span></p> <p class="MsoBodyText" align="left" style="text-align:left"> <span style="font-family: "Times New Roman";font-weight:normal"> </span></p> <p class="MsoBodyText" align="left" style="text-align:left"> <span style="font-family: "Times New Roman";font-weight:normal">En 2003, Groupe OPEN poursuit l’amélioration des principaux postes de son compte de résultats <span style="color:black">:</span></span></p> <p class="MsoBodyText" align="left" style="text-align:left"> <span style="font-family: "Times New Roman";font-weight:normal"> </span></p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph"> Le résultat d’exploitation s’inscrit en hausse de 7,8% à 9,1 <span style="color:black">M€</span>. Groupe OPEN maintient sa marge d’exploitation à 4%.</li> </ul> <p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"> </p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph"> Le résultat courant s’élève à 8,2 <span style="color:black">M€</span> en progression de plus de 23%. Grâce à la solide structure bilantielle du groupe, les frais financiers se réduisent fortement de plus de 48% et s’élèvent désormais à (0,95) <span style="color:black">M€ contre (1,85) M€ en 2002. </span></li> </ul> <p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"> </p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph"> Le résultat net après survaleurs s’élève à 4,5 <span style="color:black">M€</span> en hausse de 6,9%. </li> </ul> <p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph; text-indent:35.4pt">Le résultat net part du groupe s’établit à 4,2 <span style="color:black">M€</span> en progression de 2,1% par rapport à 2004. </p> <p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"> </p> <p class="MsoNormal"> </p> <h4>Éléments de bilan</h4> <p class="MsoNormal" align="center" style="text-align:center"> <span style="font-size: 14.0pt"> </span></p> <table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: medium none; margin-left: 53.15pt"> <tr> <td width="137" valign="top" style="width: 102.75pt; border: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><i> <span style="font-size:10.0pt;color:black">En millions d’euros</span></i></td> <td width="59" valign="top" style="width: 44.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b>2003</b></td> <td width="57" valign="top" style="width: 42.5pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">2002</td> <td width="11" valign="top" style="width: 8.0pt; border: medium none; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="11" valign="top" style="width:8.0pt;border:none;padding:0cm 3.5pt 0cm 3.5pt"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="134" valign="top" style="width: 100.4pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><i> <span style="font-size:10.0pt;color:black">En millions d’euros</span></i></td> <td width="57" valign="top" style="width: 42.5pt; border: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b>2003</b></td> <td width="53" valign="top" style="width: 39.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">2002</td> </tr> <tr> <td width="137" valign="top" style="width: 102.75pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">Écarts d’acquisition</td> <td width="59" valign="top" style="width: 44.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b> 5,6</b></td> <td width="57" valign="top" style="width: 42.5pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoFooter" align="center" style="text-align: center"> 6,6</td> <td width="11" valign="top" style="width: 8.0pt; border: medium none; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="11" valign="top" style="width:8.0pt;border:none;padding:0cm 3.5pt 0cm 3.5pt"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="134" valign="top" style="width: 100.4pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">Capitaux propres</td> <td width="57" valign="top" style="width: 42.5pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b>21</b></td> <td width="53" valign="top" style="width: 39.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">18</td> </tr> <tr> <td width="137" valign="top" style="width: 102.75pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">Trésorerie </td> <td width="59" valign="top" style="width: 44.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b>23,9</b></td> <td width="57" valign="top" style="width: 42.5pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">18,9</td> <td width="11" valign="top" style="width: 8.0pt; border: medium none; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="11" valign="top" style="width:8.0pt;border:none;padding:0cm 3.5pt 0cm 3.5pt"> <p class="MsoNormal" align="center" style="text-align:center"> </td> <td width="134" valign="top" style="width: 100.4pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">Endettement MLT</td> <td width="57" valign="top" style="width: 42.5pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b>3,5</b></td> <td width="53" valign="top" style="width: 39.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center">4,7</td> </tr> </table> <p class="MsoNormal" align="center" style="text-align:center"> </p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="color: black; text-align: justify; text-justify: inter-ideograph"> <span style="color:windowtext">Les écarts d’acquisition se réduisent de 1 </span>M€<span style="color:windowtext">.</span></li> </ul> <p class="MsoNormal" style="margin-left:18.0pt;text-align:justify;text-justify: inter-ideograph"><span style="color:black"> </span></p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="color: black; text-align: justify; text-justify: inter-ideograph"> Le poste Dette à long et moyen terme se réduit de plus de 1 M€.</li> </ul> <p class="MsoNormal" style="margin-left:18.0pt;text-align:justify;text-justify: inter-ideograph"><span style="color:black"> </span></p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="color: black; text-align: justify; text-justify: inter-ideograph"> Les fonds propres de Groupe OPEN s’élèvent à 21 M€ contre 18 M€ fin décembre 2002. Cette augmentation provient du résultat net enregistré pour l’année 2003.</li> </ul> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black"> </span></p> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black"> </span></p> <p class="MsoNormal" align="center" style="text-align:center"><b> <span style="font-size: 14.0pt">Flux de trésorerie</span></b></p> <p class="MsoNormal"> </p> <table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: medium none; margin-left: 74.4pt"> <tr> <td width="217" valign="top" style="width: 163.05pt; border: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoHeading9"><i> <span style="font-family: Times New Roman; color: black; position: relative; top: 0pt"> En millions d’euros</span></i></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b> <span style="color:black">2003</span></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">2002</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><b><span style="color:black">Marge brute d’autofinancement</span></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">6,1</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">5,6</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><b><span style="color:black">Variation du BFR</span></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">1,6</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">1</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><b><span style="color:black"> </span></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black"> </span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black"> </span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoHeading7"> <span style="font-family:"Times New Roman";color:black">Flux net de trésorerie</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black"> </span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black"> </span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><span style="color:black">- lié à l’activité</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">7,7</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">6,6</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><span style="color:black">- lié aux investissements</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">(0,6)</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">(4,3)</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><span style="color:black">- lié aux financements</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">(2,1)</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">12,5</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b> <span style="color:red"> </span></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:red"> </span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:red"> </span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoHeading7"> <span style="font-family:"Times New Roman";color:black">Variation de trésorerie</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">5</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"> <span style="color:black">14,9</span></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoHeading8"> <span style="font-family:"Times New Roman";color:black; font-weight:normal">Trésorerie d’ouverture</span></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">18,9</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><i> <span style="color:black">4</span></i></td> </tr> <tr> <td width="217" valign="top" style="width: 163.05pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal"><i><span style="color:black">Trésorerie de clôture</span></i></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><b><i> <span style="color:black">23,9</span></i></b></td> <td width="120" valign="top" style="width: 90.35pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; padding-bottom: 0cm"> <p class="MsoNormal" align="center" style="text-align:center"><i> <span style="color:black">18,9</span></i></td> </tr> </table> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <p class="MsoNormal" style="margin-left:3.0pt;text-align:justify;text-justify: inter-ideograph"><i> </i></p> <ul style="margin-top: 0cm; margin-bottom: 0cm" type="disc"> <li class="MsoNormal" style="color: black; text-align: justify; text-justify: inter-ideograph"> <span style="color:windowtext">Durant l’exercice 2003, la trésorerie s’est accrue de près de 26%, pour s’établir à 23,9 M€ en fin d’exercice.</span></li> </ul> <p class="MsoFooter"><span style="font-family:"Times New Roman""> </span></p> <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph; text-indent: -18.0pt; margin-left: 36.0pt; margin-right: -1.75pt; margin-top: 0cm; margin-bottom: .0001pt"> <span style="font-size: 14.0pt; font-family: Symbol">·<span style="font:7.0pt "Times New Roman""> </span></span><span style="font-family: Times" dir="LTR">Groupe OPEN a été sélectionné par IBM pour être l’un de ses deux seuls partenaires de premier niveau (« integrated ») en France.</span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:-1.75pt;margin-bottom: 0cm;margin-left:18.0pt;margin-bottom:.0001pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times"> </span></p> <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph; text-indent: -18.0pt; margin-left: 36.0pt; margin-right: -1.75pt; margin-top: 0cm; margin-bottom: .0001pt"> <span style="font-size: 14.0pt; font-family: Symbol">·<span style="font:7.0pt "Times New Roman""> </span></span><span dir="LTR"><span style="font-family: Times; color: black">En octobre 2003, pour faire bénéficier ses actionnaires des perspectives favorables du groupe à moyen et long terme, Groupe OPEN a attribué gratuitement des Bons de Souscription d’Actions qui cotent aujourd’hui 0,55</span><span style="color:black">€</span></span><span style="font-family: Times; color: black">.</span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:-1.75pt;margin-bottom: 0cm;margin-left:35.0pt;margin-bottom:.0001pt;text-align:justify;text-justify: inter-ideograph"> </p> <p class="MsoNormal" style="margin-top:0cm;margin-right:-1.75pt;margin-bottom: 0cm;margin-left:35.0pt;margin-bottom:.0001pt;text-align:justify;text-justify: inter-ideograph"> </p> <p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"><b> <u><span style="color:black">DIVIDENDE</span></u></b></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="color:black">Groupe OPEN poursuit sa politique de distribution : au titre de l’exercice 2003 la société envisage le versement d’un dividende de 0,37€ par action. Il représente une hausse de 6% par rapport à 2003.</span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:-1.75pt;margin-bottom: 0cm;margin-left:35.0pt;margin-bottom:.0001pt;text-align:justify;text-justify: inter-ideograph"> </p> <p class="MsoNormal" style="margin-top:0cm;margin-right:-1.75pt;margin-bottom: 0cm;margin-left:35.0pt;margin-bottom:.0001pt;text-align:justify;text-justify: inter-ideograph"> </p> <p class="MsoHeading7"><u> <span style="font-family:"Times New Roman"; color:black">PERSPECTIVES 2004</span></u></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times; color: black"> </span></p> <p class="MsoBodyText2"><span style="color:black">Fort de sa structure financière solide, Groupe OPEN poursuit sa croissance dans la rentabilité. </span></p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black">Dans un marché informatique dont la progression est estimée entre 3 et 5% en 2004, Groupe OPEN prévoit une croissance de son chiffre d’affaires de l’ordre de 10%. Pour INNETIS, l</span><span style="font-family:"Times New Roman"">e point bas du marché ayant été touché en fin d’année 2003, les perspectives sont en amélioration notable. De nouveaux contrats ont été signés et le recrutement a repris.<span style="color:black"> Pour LOGIX, une croissance externe pour accélérer le développement européen est en vue.</span></span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times">Le 29 janvier 2004, Groupe OPEN et TEAMLOG ont signé un protocole, permettant à Groupe OPEN de prendre une participation dans TEAMLOG, pouvant aller jusqu’à 25%. Son but est d’opérer un rapprochement entre les deux sociétés à terme.</span></p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black"> </span></p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black">Groupe OPEN a l’ambition de bâtir un groupe européen avec un chiffre d’affaires supérieur à 500 M€ (dont un tiers dans les services) et un résultat d’exploitation en progression de plus de 6%.</span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><span style="font-family: Times; color: black"> </span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph">Depuis le 13 avril 2004, le titre Groupe OPEN fait désormais partie de l’indice ITCAC 50, l’indice sectoriel des 50 premières valeurs technologiques, hors CAC 40.</p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black"> </span></p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black"> </span></p> <p class="MsoBodyText2"> <span style="font-family:"Times New Roman";color:black"> </span></p> <h6>Les résultats annuels de Groupe OPEN seront commentés par </h6> <p class="MsoNormal" align="center" style="text-align:center"><b>Frédéric SEBAG, Président-directeur général, </b></p> <p class="MsoNormal" align="center" style="text-align:center"><b>Guy MAMOU-MANI et Laurent SADOUN, Directeurs généraux de Groupe OPEN</b> </p> <p class="MsoNormal" align="center" style="text-align:center"><b>lors</b> <b>de la <u>réunion d'information qui aura lieu le 14 avril 2004 au Palais Brongniart à 08h30.</u></b></p> <p class="MsoBodyText2"><span style="font-family:"Times New Roman""> </span></p> <p class="MsoBodyText2" align="center" style="text-align:center"><b> <span style="font-family:"Times New Roman"">Groupe OPEN publiera son chiffre d’affaires du 1<sup>er</sup> trimestre, le 20 avril 2004.</span></b></p> <p class="MsoBodyText2"><span style="font-family:"Times New Roman""> </span></p> <p class="MsoBodyText2"><span style="font-family:"Times New Roman""> </span></p> <p class="MsoNormal" style="margin-right:-1.75pt;text-align:justify;text-justify: inter-ideograph"><b><span style="font-size: 10.0pt">À propos de Groupe OPEN</span></b></p> <p class="MsoBodyText3" style="margin-right:-1.75pt"> <span style="font-size:10.0pt; font-family:"Times New Roman"">En 2003, Groupe OPEN a réalisé un chiffre d'affaires de 230 millions d'Euros en croissance de 11,5% par rapport à 2002. L'entreprise dispose d'un réseau de 6 agences régionales et d'une implantation européenne en Espagne, en Belgique et en Pologne. Elle comptait au 31 décembre 2003, 500 collaborateurs. Groupe OPEN fait partie de l'indice IT CAC 50 et de l’indice SBF 250.</span></p> <p class="MsoBodyText3" align="left" style="margin-right:-1.75pt;text-align:left"> <b><span style="font-size:10.0pt;font-family: "Times New Roman"">Relations analystes / investisseurs :</span></b></p> <p class="MsoBodyText3" align="left" style="margin-right:-1.75pt;text-align:left"> <span style="font-size:10.0pt;font-family:"Times New Roman"">Guy MAMOU-MANI – Directeur général Groupe OPEN – Tél. : 01 40 87 97 77 Fax : 01 40 87 97 52</span></p> <p class="MsoBodyText3" align="left" style="margin-right:-1.75pt;text-align:left"> <span style="font-size:10.0pt;font-family:"Times New Roman"">gmamou@groupe-open.com</span></p> <p class="MsoNormal" align="right" style="margin-top:0cm;margin-right:-1.75pt; margin-bottom:0cm;margin-left:106.2pt;margin-bottom:.0001pt;text-align:right; text-indent:35.4pt"> </p> <p class="MsoNormal" align="right" style="margin-top:0cm;margin-right:-1.75pt; margin-bottom:0cm;margin-left:106.2pt;margin-bottom:.0001pt;text-align:right; text-indent:35.4pt"><i><span lang="EN-US" style="font-size: 11.0pt">Contacts : </span></i><span lang="EN-US" style="font-size: 11.0pt">Delphine DECOURTY</span></p> <p class="MsoNormal" align="right" style="margin-top:0cm;margin-right:-1.75pt; margin-bottom:0cm;margin-left:106.2pt;margin-bottom:.0001pt;text-align:right; text-indent:35.4pt"><span lang="EN-US" style="font-size: 11.0pt">Catherine ISNARD</span></p> <p class="MsoNormal" align="right" style="margin-right:-1.75pt;text-align:right"> <span lang="EN-GB" style="font-size: 11.0pt">CICOMMUNICATION</span></p> <p class="MsoNormal" align="right" style="margin-right:-1.75pt;text-align:right"> <span style="font-size: 11.0pt">Tél. : 01 47 23 90 48</span></p> <p class="MsoNormal" align="right" style="margin-right:-1.75pt;text-align:right"> <span style="font-size: 11.0pt">decourty@cicommunication.com</span></p> </body> </html>