Dolphin Integration`s Mid-Year Financial Statements: Promising Results in an Uncertain Environment

GRENOBLE, France--(Business Wire)--
The company (Paris:ALDOL) confirms a 24% growth rate of the Group`s consolidated
sales turnover, definitely determined at 5 862 k€ at the end of the first
semester closed on March 31, 2009, after integration of the latest royalty
statements.

The company thus announces their intermediate financial statements upon limited
review by their statutory auditors. These mid-year statements shall be available
for download from www.dolphin.fr, within a week after approval by the board of
directors.

Profitability

The operating profit amounts to 210 k€ as opposed to a loss of -798 k€ for the
first semester of fiscal year 2008 and the current profit consolidates at 72 k€
versus a loss of -893 k€ last year. Finally, the net profit reaches 915 k€ to be
compared with a loss of -330 k€ recorded last year over the same period.

In k€ Semester closed on March 31 Period ended on Sept. 30
2009 2008 2008
Consolidated sales turnover 5 862 4 712 11 112
Operating profit 210 (798) (154)
Financial result (137) (95) (181)
Consolidated current profit 72 (893) (335)
Exceptional result (50) 33 107
Corporate taxes including Research Tax Credit 893 530 606
Net profit (group`s part) 915 (330) 378
Base net result per share (in €) 0,71 (0,26) 0,29

Giancarlo Zanni, member of the board of directors, declared that "Dolphin
Integration continues with confidence their product strategy, developing its
fame along the strong axis, economically and ecologically promising, of very low
power-consumption. The board wishes to congratulate all our teams for their push
toward innovation and commercial action, in front of an uncertain worldwide
situation, as well as their deep concern for the defense of our added value in
view of customers or competitors oftentimes oppressed by short-term concerns".

Perspectives

The company is preparing themselves for a constructive emergence from the
present crisis, not only by proposing products contributing to cost reduction
for their customers, as their « Reduced Cell Stem Libraries » (RCSL) which
change the name of the game with respect to traditional and complex CCSL, much
as RISC microprocessors have done it in the early eighties against the CISC
architectures, while positioning itself at the fore-front of state-of-the-art
technologies (beyond 65 nm). This product line represents a really interesting
alternative compared with the existing offer of our competitors.

The order backlog has evolved from 125 days at the beginning of the fiscal year
to 85 days at the closing of the first semester, but this backlog translates
into a horizon of F-09 sales turnover higher than last year. From these facts,
it appears that the sales turnover at the closing of the third quarter is higher
than last year`s by 4% in expectation of the rebound of the fiscal year closing.

This context allows to continue counting on an effective growth rate,
notwithstanding the extreme uncertainty of the present context.

For the board of directors, the executive chairman

About Dolphin Integration

The company occupies a key position with sustainable growth in the strategic
industry of design for Microelectronics in the midst of fast deverticalization.

DOLPHIN Integration SA with social Capital of 1,295,120 € - www.dolphin.fr

ISIN: FR0004022754/ ALDOL - Bloomberg: ALDOL FP - Reuters: ALDOL.PA - ICB 9576.
Semiconductors.

Michel DEPEYROT, Executive Chairman - myd@dolphin.fr
or
ATOUT CAPITAL, Listing Sponsor,
Cedric BEUDIN, (33) 1 56 69 61 83 - cedric.beudin@atoutcapital.com

Copyright Business Wire 2009