IBA Reports Half Year Results for 2017
To read the full 2017 half year results press release with the operating review,please click on this link
Louvain-La-Neuve, Belgium, August 24, 2017 - IBA (Ion Beam Applications SA, EURONEXT), the world`s leading provider of proton therapy solutions for the treatment of cancer, today announces its consolidated results for the first half of 2017.
| H1 2017|
| H1 2016|
|Sales & services||151 613||145 128||6 485||4.5%|
|REBITDA||5 264||17 970||-12 706||-70.7%|
|% of sales||3.5%||12.4%|
|REBIT||1 901||15 133||-13 232||-87.4%|
|% of sales||1.3%||10.4%|
|Net result||-4 655||8 297||-12 952||-156.1%|
|% of sales||-3.1%||5.7%|
Olivier Legrain, Chief Executive Officer of IBA SA commented: "Whilst the first half of 2017 has been challenging for IBA, we have worked tirelessly to rectify the issues with project management, including enhanced systems to manage the risk profile of projects, the creation of dedicated regional project management, improved internal processes and discussions with dedicated construction partners. We are encouraged by our strong pipeline and a backlog of equipment and services which now stands at over EUR 1 billion and are pleased with the strong growth from our Dosimetry business over the period.
"The prospects for the proton therapy market remain strong, we have a burgeoning pipeline and the recent update of ASTRO and NCCN guidelines demonstrate the growing acceptance of proton therapy as a treatment modality for cancer. However, following on from a period of intense growth, the first half of 2017 has been slower, in line with the customary lumpiness which characterizes the proton therapy market. This combined with the increasing competition in the market is leading to limited visibility on the timing of new orders. However, IBA is optimally positioned to capitalize on the prospects on the proton therapy market and retains its focus on driving projects forward and leading the market with the most attractive proton therapy offering."
A conference call to discuss the trading update will be held today at 15:00 CEST / 14:00 BST / 09:00 EDT / 06:00 PDT and can be accessed online at:
If you would like to participate in the Q&A, please dial (PIN code 83701447#):
Belgium: +32 2 402 96 40
UK: +44 20 304 32 440
NL: +31 10 713 81 94
LU: +352 20 88 06 96
US: +1 64 67 22 49 07
FR: +33 1 72 00 15 10
The presentation will be available on IBA`s investor relations website and on https://iba-worldwide.com/content/half-year-2017-results-web-conference-and-presentation shortly before the call.
To ensure a timely connection, it is recommended that users register at least 10 minutes prior to the scheduled webcast.
Third Quarter Business Update November 16, 2017
Full Year Results 2017 March 22, 2018
IBA (Ion Beam Applications S.A.) is a global medical technology company focused on bringing integrated and innovative solutions for the diagnosis and treatment of cancer. The company is the worldwide technology leader in the field of proton therapy, considered to be the most advanced form of radiation therapy available today. IBA`s proton therapy solutions are flexible and adaptable, allowing customers to choose from universal full-scale proton therapy centers as well as compact, single room solutions. In addition, IBA also has a radiation dosimetry business and develops particle accelerators for the medical world and industry. Headquartered in Belgium and employing about 1,500 people worldwide, IBA has installed systems across the world.
IBA is listed on the pan-European stock exchange NYSE EURONEXT (IBA: Reuters IBAB.BR and Bloomberg IBAB.BB). More information can be found at: www.iba-worldwide.com
*Proteus®ONE and Proteus®PLUS are brand names of Proteus 235
For further information, please contact:
Chief Financial Officer
+32 10 475 890
Vice-President Corporate Communication
+32 10 475 890
For media and investor enquiries:
Consilium Strategic Communications
Amber Fennell, Matthew Neal, Ivar Milligan
+44 (0) 20 3709 5700