IPTE NV, Genk, Belgium, closed the 2005 fiscal year with a net profit of € 2.16 million compared to a loss of € 5.6 million in 2004. The turnover for 2005 amounts to €126.6 million, compared to €128.6 million in 2004. After four difficult years, IPTE returned to positive figures. Witness the fact that the order book is growing, the management expects this positive trend to continue in the coming fiscal year of 2006.
Huub Baren, Managing Director, states: “2005 was clearly a year of recovery for IPTE. While on the one hand we carried through and completed a restructuring within the automation division, we also transferred our focus from sales to profitability, which returned us to positive figures.” As a result, the operating results of the automation division rose from a loss of € 4.7 million in 2004 to a profit of € 412,000 in 2005.
For the group this means after four consecutive years of loss, positive results again in 2005. IPTE is also on course for this fiscal year. The order book at the group level grew from € 36.8 million at the end of 2004 to € 43.2 million at the end of 2005. IPTE supplies production equipment for the electronics industry.
The company is divided into two divisions. IPTE ‘Factory Automation’ develops manual, semi-automatic and turnkey automation systems for producing, testing and handling of printed circuit boards and for final assembly work.
The ‘Contract Manufacturing’ division, ConnectSystems, offers cost-effective, high-quality production services to the professional industry. Its activities include the production of cables and cable trees, PCB assembly and testing, production of semi-manufactures and final product assembly.
EPP EUROPE 405
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