NET2S SA : FYR 2007/08

PR Newswire/Les Echos/
 
                          PRESS RELEASE

                                     CONTACTS

Marc Cabaret                                                         NewCap.
Chief Financial Officer                                              Emmanuel Huynh / Axelle Vuillermet
Tel. : [phone]                                                Tel. : [phone]
                                                                     [e-mail]


2007-08 RESULTS

Puteaux - 24 June 2008: Following approval by the general shareholders' meeting 
of 29 June 2007 of the eighth resolution concerning changing the start and end 
dates of the company's financial year, now set at 1 April and 31 March of each 
year, NET2S (ISIN code: FR0000075921), a consulting group specialised in the 
implementation of innovative solutions focusing on information and 
communication technology, today announces its audited results for the period 
from 1 January 2007 to 31 March 2008 (with an exceptional duration of 15 months
).

? Audited consolidated results


                                                               Consolidated 15                  Consolidated 12
In millions of euros - IFRS                                        months                           months
                                                              1 January 2007 to                1 January 2006 to
                                                                31 March 2008                  31 December 2006
Sales                                                                113                              77
Current operating income 1                                           4.2                             1.5
As % of sales                                                        3.7%                           1.9%
Net cost of borrowing                                                0.01                           0.15
Tax                                                                  -1.7                           -0.6
Net income                                                            2.2                            1.0
As % of sales                                                         1.9%                          1.3%
Earnings per share 2                                                  0.17                          0.08


1 included an operating loss of €1.7 million in the first three quarters of 
2006 relating to operations of Quod Financial which was de-
consolidated with effect from September 30th 2006.
2Number of shares: 13,153,845

As announced on 7 May 2008, over 15 months in 2007-08, the NET2S Group 
generated sales of €113 million, representing organic growth of 11.3% compared 
with the 15 months period ending 31 March 2007. Over a 12 month period, that is 
from 1 April to 31 March in each year, sales grew by 7.4%. Current operating 
income of €4.2m, was 3.7% of sales.


? Unaudited sales and current operating income over 12 months (1 April to 31 
March)

To ensure greater clarity, the Group has adjusted its sales and current 
operating income over 12 months (from 1 April 2007 to 31 March 2008) and 
recalculated these measures on a pro forma basis over the same period for the 
previous year.


In millions of euros - IFRS                              2007-08                                    2006-07
                                                       Consolidated                                Consolidated
                                                    pro forma 12 months                         pro forma 12 months
                                                   Year to 31 March 2008                       Year to 31 March 2007
Sales                                                      88.5                                        82.4
Current operating income 3                                  3.2                                         2.3
As % of Sales                                               3.6%                                       2.8%


Over 12 months in 2007-08, the NET2S Group generated sales of €88.5 million, 
representing organic growth of 7.4% compared with the same period last year.
Current operating income was €3.2m, an increase of 39% on the same period last 
year.

Outlook for 2008-09

The NET2S Group is reviewing how its integration into the BT Group can support 
and improve its current momentum of profitable growth.


NET2S: www.net2s.com:
NET2S is a consulting group specialized in the implementation of innovating 
solutions focusing on information and communication technologies, and leader on 
the security market. Established in Paris, London, New York, Brussels, Madrid 
and Casablanca, NET2S had 853 employees (including 692 consultants and engineers
) at 31 st March 2008.
The combination of technological solutions and cross-functional offers, with 
dedicated business lines, particularly in the finance and telecoms sectors, 
allows NET2S to offer its customers high value added.
NET2S is a BT group company.


Listed on Eurolist of Euronext Paris - Compartment C
ISIN: FR0000075921, Reuters: NET2.LN, Bloomberg: NETS FP
FTSE classification: 97 /972

Publication of Q1 2008-09 sales: 7 August 2008 after market close


3 included an operating loss of €1.2 million for the first half of 2006-07 
relating to operations of Quod Financial Financial which was deconsolidated 
with effect from September 30th 2006.

                         
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