Editor:
Mark Telford (Email)
Tel:+44 (0)1869 811577
Cell:+44 (0)7963 085605
Fax:+44 (0)1242 291482

Commercial Director /
Assistant Editor:
Darren Cummings (Email)
Tel:+44 (0)121 2880779
Cell:+44 (0)7990 623395
Fax:+44 (0)1242 291482

Advertisement Manager:
Jon Craxford (Email)
Tel:+44 (0)207 1939749
Cell:+44 (0)7989 558168
Fax:+44 (0)1242 291482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

News

29 September 2006

 

Riber's first half sales mark return to operating profit

MBE systems maker Riber Group of France forecasts sales of between €19m and €22m for its full fiscal year 2006, following sales of €7.3m for its first half 2006, ended June 30. The figures represent a 35% increase over H1, 2005, and mark a return to consolidated profit.

Riber’s H1, 2006 gross profit was €3.7m, yielding a gross margin of 51%, compared to €3.2m over the same period last year. The company says the gross profit is mainly due to a variation of provisions for inventory depreciation, which was recorded as cost of sales, in accordance with IFRS. Excluding the reversal of these provisions, H1, 2006 gross profit would have been €1.2m, compared with €1.3m in H1, 2005.

Sales and Administrative expenses in H1 decreased by €0.4m, compared to H1, 2005. Net R&D expenses decreased by 30% to €1m compared to the first half of 2005.

First half profit from operations reached €0.2m, compared to a loss €1.1m in H1, 2005. Consolidated net result improved to breakeven from a loss of €1.1m as of June 30, 2005.

  H1, 2006 IFRS standard H1, 2005 IFRS standard Change
  € mils % € mils % %
Sales 7.3 100% 5.4 100% +35%
Gross profit/(loss) 3.7 51% 3.2 (59%) +16%
Operating profit/(loss) 0.2 3% (1.1) (20%) N/A
Net profit/(loss) 0.0 0% (1.1) (20%) N/A

Visit: http://www.riber.com