PR Newswire/Les Echos/
Public Limited Company with a capital of EUR 4,958,662.55
Head office : Technopôle de Château-Gombert, Marseille, 22 July 2010
rue Albert Einstein, B.P 94, 13382 Marseille Cedex 13 - France
Code ISIN : FR0000036162 / Reuters : CYBT.PA / Bloomberg : CYBX:FP
Q2-2010 revenues
* The consolidated revenue of Cybernetix group increased by 2.6% in Q2-2010 and
by 38.3% in H1- 2010, compared to the same periods of 2009. All Group activity
sectors progressed in H1-2010.
* The Energy Activity - Cybernetix SA- increased by 36.2% over H1, the slight
drop in Q2 (-1.5%) came from a delayed production in Q1 2010.
* The Industry Activity -CyXplus- continued its recovery from H1-2009, which was
marked by a difficult economic environment.
Consolidated revenue - quarterly change (does not include inter-companies
transactions)
EUR million 2009 2010 Change % Change %
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 2010/ Q2 2010/
Q2 2009 Q1 2010
Cybernetix S.A. 3.38 8.38 6.48 6.89 7.76 8.26 - 1.5% + 6.4%
Energy Activity
o/w Nuclear 1.26 1.26 1.12 1.27 1.64 1.21 - 4.0% - 26.0%
o/w Oil & Gas 1.90 7.03 5.25 5.24 5.39 6.26 - 11.0% + 16.2%
o/w Defence 0.22 0.09 0.11 0.38 0.71 0.82 + 811.1% + 15.8%
CyXplus 0.92 0.90 0.99 1.38 1.50 1.27 + 40.8% - 15.5%
Industry Activity
Consolidated
revenue 4.30 9.28 7.47 8.27 9.26 9.52 + 2.6% + 2.9%
The Industry Division was transferred to the newly created subsidiary CyXplus
from January 1st 2009, without any impact on the consolidated
perimeter..Consolidated revenue is not impacted by any currency change, nor by
any scope evolution over the H1 period.
Consolidated revenue - half-year change (does not include inter-companies
transactions)
EUR million 2009 2010 Var. %
Q1 Q2 H1 Q1 Q2 H1 H1 2010/
H1 2009
Cybernetix S.A. 3.38 8.38 11.76 7.76 8.26 16.02 +36.2%
Energy Activity
o/w Nuclear 1.26 1.26 2.52 1.64 1.21 2.85 + 12.9%
o/w Oil & Gas 1.90 7.03 8.93 5.39 6.26 11.65 + 30.4%
o/w Defence 0.22 0.09 0.31 0.71 0.82 1.53 + 392.9%
CyXplus 0.92 0.90 1.82 1.50 1.27 2.77 + 52.0%
Industry Activity
Consolidated revenue 4.30 9.28 13.58 9.26 9.52 18.78 + 38.3%
Cybernetix S.A. - Energy Activity
For Q2-2010, Cybernetix S.A. posted EUR 8.26 million revenue. H1 revenue
increased by +36.2%, at EUR 16.02 million, compared with the same period of
2009. This comes from:
* Oil & Gas: revenue in H1-2010 amounted to EUR 11. 65 million, against
EUR8.93 million for the same period of 2009, an increase of 30.4%. This
growth is related to increased volumes of Nautilus products. Q2-2010 revenue
fell by 11% compared with the same period of 2009. This decrease was due to
lags in awards of several new projects.
* As for Defence, this activity generated in H1-2010 a revenue of EUR 1.53
million, in accordance with the production schedule set by contracts in
progress, a significant increase over H1- 2009.
* Nuclear: revenue in H1-2010 amounted to EUR 2.85 million against EUR 2.52
million over the same period last year, an increase of 12.9%. The increase in
H1-2010 is related to the implementation phases of industrial projects
compared with study phases generating less revenue in H1 2009.
CyXplus - Industry Activity
The turnover of CyXplus is up 40.8% in Q2-2010 and 52% in H1, compared to the
same periods of 2009. The activity continues to recover from the crisis of 2009
which had particularly affected key CyXplus customers in the automotive and
pharmaceutical sectors. Despite this increase, the visibility in this sector is
linked to overall industrial activity at the national and global levels. At the
end of June 2010, the backlog is experiencing a slight slowdown compared to
mid-2009.
Outlook
After a satisfactory H1, the Cybernetix Group's management expects to show
moderate growth for the 2010 fiscal year. Oil & Gas activity continues to grow
as expected, while the Nuclear activity could be impacted by delays in awarded
tenders. At the end of June 2010, the backlog for Group Cybernetix is equivalent
to its level at end June 2009, which should result in an increase in annual
revenue.
Coming next
* Interim result : 6 September 2010
* Midcap Event : 20 & 21 September 2010 (Palais Brongniart - Paris)
About Cybernétix
Cybernetix is a leading provider of remotely operated or robotic systems for
interventions in hostile environments. The group operates in two main markets :
Energies Oil & Gas, nuclear for the mother company Cybernetix SA, and
non destructive testing for Industries (via CyXplus subsidiary).
Cybernetix counts 157 employees and has developed a world-class engineering and
services expertise in project management, and integration of global solutions,
operating in 15 countries.
CONTACTS INVESTISSEURS GILLES MICHEL - PDG : +33 (0)4 91 21 77 18
www.cybernetix.fr E-mail : gilles.michel@cybernetix.fr
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