IBA Reports Revenue Growth Despite Net Loss

Ion Beam Applications SA IBA (GB:0GZK) has released an update.

Ion Beam Applications SA (IBA) reported a significant 21.9% increase in group revenues for the first half of 2024, with revenues reaching EUR 206.5 million due to strong backlog conversion and increased services across all business units. The company saw a substantial improvement in gross margins to 33.8% and achieved breakeven REBIT, reflecting efficiencies and an uptick in services revenue. Despite these improvements, the company still posted a net loss of EUR 10.3 million, although this is an improvement from the previous year’s EUR 27.3 million loss.

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