

(€ millions) | 2005 | 2004 | % growth |
3rd quarter | 22.76 | 19.42 | +17 |
France & overseas territories | 10.83 | 9.33 | +16 |
Subsidiaries (1) | 8.88 | 7.42 | +20 |
Distributors | 3.05 | 2.67 | +14 |
9 months |
78.89 |
65.63 |
+20 |
France & overseas territories | 41.61 | 34.08 | +22 |
Subsidiaries (1) | 28.44 | 23.32 | +22 |
Distributors | 8.84 | 8.23 | +7 |
(1)Germany, Belgium, Italy, Spain and Portugal, including €0.74 million for IPI in the third quarter 2005 and € 1.60 million in total for 2005.
Despite an expected deceleration, 2005 3rd quarter Group sales growth remained dynamic, up 17%, while sales on an organic basis rose 13% for the quarter and 18% for the 9 months.
As already announced, the deceleration in growth will be accentuated as a result of an unfavourable base effect for the 4th quarter. However, the Group confirms its forecasts for strong annual sales growth and improved profitability.