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Financial results Q2 2008 & half year results

IPTE NV, (Euronext Brussels: IPT) announces sales for the second quarter of 2008 of EUR 57.6 million (Q2 2007: EUR 66.2 million). The operating profit for Q2 2008 was EUR 1.0 million compared with EUR 3.4 million in Q2 2007. Net profit for the period was EUR 0.5 million compared with EUR 2.8 million the year before.

Sales of EUR 123.2 million in the first half of 2008 are down 4 per cent on H1 2007 (EUR 128.6 million). The operating profit for the first six months is EUR 3,568,000 compared with EUR 5,549,000 for the same period in 2007, and the net profit EUR 2,058,000 compared with EUR 4,074,000 for the first 6 months of 2007.  At the end of Q2 2008, the order book stood at EUR 93.2 million, compared with EUR 87 million at the end of Q1 2008.

Q2 sales of the Automation division rose from EUR 14.5 million in 2007 to EUR 15.7 million (including Platzgummer sales of EUR 2.5 million). The order book rose from EUR 25.4 million at the end of Q1 2008 to EUR 30.5 million at the end of Q2 2008.

Sales of the Contract Manufacturing division fell from EUR 51.8 million in Q2 2007 to EUR 42.3 million in Q2 2008. The division’s order book rose to EUR 62.6 million from EUR 61.5 million at the end of Q1 2008.

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