PR Newswire/Les Echos/
Press release
Marseille, 29 October 2009
Public Limited Company with a capital of EUR 4,958,662.55
Head office : Technopôle de Château-Gombert,
rue Albert Einstein, B.P 94, 13382 Marseille Cedex 13 - France
Code ISIN : FR0000036162 / Reuters : CYBT.PA / Bloomberg : CYBX:FP
2009 3rd Quarter revenues: +48% growth LFL +29% growth year-to-date
Consolidated sales: growth accelerates
Cybernetix consolidated revenues rise by 48% during the 3rd quarter, compared to
Q3-2008. Revenues rise 29% year-to-date, compared to the same period of 2008.
Activity still strongly benefits from the development of the core Energy
business.
September 30, 2009, backlog (in-progress / to-be achieved contracts) is 90%
above its level of September 2008. The initial full-year forecast of 20%
revenues growth should be exceeded.
Euros million 2008
(Unaudited) Q1 Q2 Q3 Q4
Energy Division 3,92 3,37 3,49 3,19
o/w Nuclear 1,97 2,08 1,12 1,34
o/w Oil & Gas 1,73 1,10 2,29 1,64
o/w Defence 0,22 0,19 0,08 0,21
CyXplusDIndustry 1,85 2,19 1,55 0,81
Division
Consolidated revenues 5,77 5,56 5,04 4,00
Euros million 2009 Change
Q1 Q2 Q3 Q4 Q3 2009 /
Q3 2008
Energy Division 3,38 8,38 6,48 86 %
o/w Nuclear 1,26 1,26 1,12 0 %
o/w Oil & Gas 1,90 7,03 5,25 129 %
o/w Defence 0,22 0,09 0,11 43 %
CyXplusDIndustry 0,92 0,90 0,99 -36 %
Division
Consolidated revenues 4,30 9,28 7,47 48 %
Industry Division has been transferred to the newly created subsidiary CyXplus
from January 1st, without any impact on the consolidated perimeter.
Energy activity now counts for 87% of turnover year-to-date
Revenues of Energy Division reach EUR6,5 million on Q3, up 86% over the same
period of 2008. Year-to-date data show a total 69% increase, Energy now counting
for 87% of total revenue, against 69% for full-year 2008 and 42% in 2007.
• Oil & Gas : revenues doubled on Q3 and almost tripled for the 9-months
cumulative period. Growth is mainly driven by deep offshore Asset Integrity
Monitoring activities (AIM)(1) for oil & gas majors, and by production of
equipment dedicated to offshore seismic exploration.
(1) 1 Contracts regarding USAN and SKARV offshore oil fields - Cf. Press
releases dated 8 and 15 June, 2009
• Nuclear : Q3 revenues are flat and activity is affected by delays in the
deployment of some proj ects, due to the lengthening of the decision process
of some major customers. These projects, however, are not questioned and
should be carried over to next year.
• Defence: activity remains weak, according to contract schedules. It should
strengthen next quarter with the confirmation of M51 SSTA equipment for three
submarines.. After equipping the first submarine in 2008, this new contract
confirms the quality of technology solutions provided by Cybernetix. The
project extends until 2016.
CyXplus still in a stabilization phase
The sequential decline of activity CyXplus reached 36%, weaker than prior
quarters, but with a better basis effect. Activity downgrade was indeed greatly
accelerated in the 2nd half of 2008, following the difficulties of key accounts
in Pharmacy and Tyre sectors. The restructuring measures initiated in late 2008
can absorb the drop, which reached 50% year-to-date.
Coming next
Turnover of the 4th quarter:January 28, 2010
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
Industries (via CyXplus subsidiary).
Cybernetix counts 145 employees and has developed a world-class engineering and
services expertise in project management, and integration of global solutions,
operating in 15 countries.
INVESTORS RELATIONS GILLES MICHEL - CHAIRMAN & CEO : +33 (0)4 91 21 77 18
www.cybernetix.fr E-mail : gilles.michel@cybernetix.fr
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information. All information should be checked prior to publication.CYBERNETIX : 2009, 3rd Quarter Revenues
Published on 11/03/2009 at 04:02 pm IST - Modified on 11/03/2009 at 04:05 pm IST
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