Good first quarter results 2007

IPTE NV, (Euronext Brussel: IPT) posted sales of EUR 62.4 million in the first quarter of 2007 (Q1 2006: EUR 32.4 million). Operating profit nearly doubled to EUR 2.06 million (Q1 2006: EUR 1.12 million). Net profit grew 138% to EUR 1.25 million (QI 2006: EUR 528,000).
From 1 January 2007, group results include those of the PCB assembly activity acquired from Barco.   Sales from this activity amounted to EUR 23.2 million in Q1 2007. On a like-to-like basis, sales grew by 20% (EUR 39.2 million –vs- EUR 32.4 million in Q1 2006).
The order book rose from EUR 50.6 million at end-2006 to EUR 74.6 million at the end of Q1 2007.

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