PRESS  RELEASE  

(published  in  "Les  Echos"  on  January  11,  2012)  

PSB  INDUSTRIES 2011  revenues  up  7.2%  to  €245  million,  or  8.1%     on  a  constant  currency  basis

Revenues  for  FY  2011  reached  €245  million,  up  7.2%  or  8.1%  on  a  constant  currency  basis.    In  light  of  the  unfavorable  base  effect,  Q4  was  down  slightly  (down  2.0%  on  a  constant  currency  basis).
Beauty  packaging  ended  the  year  with  revenues  of  €149.9  million,  up  3.3%  (4.3%  on  a  constant  currency  basis),  after  growing  more  than  30%  in  2010. This  growth  is  in  line  with  the  growth  of  our  markets.
The  custom  packaging  business  increased  14.1%  with  revenues  of  €50.6  million  and  
especially  strong  growth  in  the  agrifood  industry.
Specialty  chemical  revenues  amounted  to  €44.8  million,  up  14.0%  (15.5%  on  a  constant  
currency  basis),  due  above  all  to  developments  in  the  LED  and  watch-­