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Provider: Reuters Investment Profile

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Riber SA Announces H1 FY 2013 Earnings

Friday, 27 Sep 2013 02:45am EDT 

Riber SA announced that in a context marked by the slowdown in demand from industrial customers, the Company's revenues totaled EUR 7.8 million for the first half of 2013. Factoring in the change in revenues, the half-year gross margin was EUR 2.2 million at June 30, 2013 (EUR 2.8 million at June 30, 2012), representing 28% of revenues. Provisioning for inventories led to a net charge of EUR 0.2 million, identical to the half year ended June 30, 2012. The cash position represented EUR 4.1 million at June 30, 2013, down EUR 1.2 million compared with December 2012. Cash flow from operations was unable to cover the investments and innovation drive during the first half of the year, as well as the payment of dividends for 2012. In view of the program for deliveries between now and the end of the year, 2013 revenues are expected to reach EUR 24 to 26 million for 2013, enabling RIBER to record a profit over the full year. 

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-0.01 -0.71%
27 Mar 2015