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IPTE: results Q2 2009

IPTE NV,(Euronext Brussels: IPTE) reports sales of EUR 44 million in the second quarter of 2009, in comparison to sales of EUR 57.6 million during the same period in the preceding year. Operating results in the second quarter of 2009 showed a loss of EUR 1.6 million, in comparison to a profit of EUR 1.0 million during the same quarter in 2008. The net profit amounted to EUR -2.2 million over the reporting period, as compared to EUR 0.5 million in the preceding year.

Sales during the first half year of 2009 amount to EUR 93 million, which is a decline of 24.4 % in comparison to the sales of the first half-year of 2008, which amounted to EUR 123.2 million. The operational profit for the first six months was negative by EUR 2,135,000 in comparison to a plus of EUR 3,568,000 in 2008. Net profits for the first half-year of 2009 show a loss of EUR 3,575,000, in comparison to a profit of EUR 2,058,000 during the first six months of 2008.

The order book declined to EUR 66.2 million at the end of the second quarter of 2009, as compared to a value of EUR 70.5 million at end of the first quarter of 2009.

During the quarter, sales for the automation division declined to a value of EUR 14.5 million, down from EUR 15.7 million in 2008. The order book declined from EUR 19.3 million at the end of the first quarter in 2009, to a value of EUR 15.5 million at the end of the second quarter.

The sales of the ‘Contract Manufacturing’ division declined from EUR 42.3 million in 2008 to a value of EUR 29.7 million in 2009. The order book for the division remained nearly constant (EUR 51.1 million at the end of the first quarter in 2009, as compared to EUR 50.7 million at the end of the second quarter).

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