IBA BUSINESS UPDATE – FIRST QUARTER 2018

21 ONGOING PROTON THERAPY PROJECTS IN 2018

Louvain-La-Neuve, Belgium, 9 May 2018 - IBA (Ion Beam Applications S.A., EURONEXT), the world’s leading provider of proton therapy solutions for the treatment of cancer, today announces its business update for the first quarter ending 31 March 2018.
 
Olivier Legrain, Chief Executive Officer of IBA SA commented: “The start of 2018 has seen record milestones achieved in installation speed with four systems delivered to customers since the beginning of the year and proton therapy being made available in new geographies, all demonstrating IBA’s market-leading offering. Our 21 ongoing proton therapy projects continue on track, and supported by the four new ProteusONE solutions signed recently, we remain confident of the proton therapy market strengthening as the year progresses and reiterate our intention to report a positive REBIT and net profit after tax in 2018.
“We continue to have a robust equipment and services backlog with revenues secured over three and up to ten years respectively. With the world’s most attractive proton therapy offering, a superior product offering and an unmatched track record in installation time, we have clear competitive strengths and a strategy to continue to profitably capture projected market growth over the longterm. Although current market conditions make it harder to predict our near-term growth trajectory, we will keep the market updated as the current year progresses.”