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BRIEF-Ion Beam Applications sees 5-10 pct revenue growth for FY
July 5, 2017 / 5:15 AM / a month ago

BRIEF-Ion Beam Applications sees 5-10 pct revenue growth for FY

July 5 (Reuters) - ION BEAM APPLICATIONS SA:

* COMPANY HAS A COMBINED BACKLOG OF FUTURE PROJECT REVENUES IN SERVICE AND EQUIPMENT WORTH ALMOST EUR 1 BILLION

* NOW EXPECTS TO REPORT 5-10% REVENUE GROWTH AND A LOW TO MID-SINGLE DIGIT OPERATING MARGIN FOR THE H1 2017 AS WELL AS FOR FY 2017‍​

* STILL ASSESSING IMPACT OF DELAYS ON 2018/2019 AND AN UPDATE WILL BE GIVEN AT TIME OF COMPANY'S HALF YEAR RESULTS

* COMPANY'S DIVIDEND POLICY REMAINS UNCHANGED.

* REMAINS CONFIDENT ON ITS PREVIOUS TARGET OF 13 TO 15% REBIT IN THE MID-TERM

* DELAYS IN PROJECT EXECUTION ARE NOW BEING EXPERIENCED IN APPROXIMATELY HALF OF ONGOING PROTON THERAPY PROJECTS

* DELAYS IN PROJECT EXECUTION BY SEVERAL OF ITS CUSTOMERS HAVE CONTINUED‍​ SOURCE TEXT FOR EIKON: FURTHER COMPANY COVERAGE: (Gdynia Newsroom:)

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