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GROSS BUSINESS VOLUME
The gross business volume (GBV) is the value of subscriptions and other marketed products, whilst turnover (calculated on the basis of the status of press agent for subscription sales) only takes account of the amount of compensation paid by press publishers; for subscription sales, the turnover therefore relates to a gross margin, as the cost of sold magazines is deducted from the amount of sales collected, whereas, for other marketed products, it represents turnover in the usual sense of the word.
This gross business volume is stated exclusive of any discounts and cancellations. Consequently, it is the most stable and homogenous indicator as regards our business activity.
For the 2006 financial year, the gross business volume was EUR 241,164 k compared to EUR 227,423 k for the 2005 financial year.