News

5 September 2008

 

Riber confident of €18m sales forecast

Following its initial statement of first half-year 2008 financial results in July, MBE equipment maker Riber of Bezons, France reported full half-year figures and a sales outlook for the second half of 2008.

H1/2008 consolidated sales amounted to €5.2m, up 117% on €2.4m a year ago, due to: the sale and delivery of four research machines (H1/2007: none); growth in service and accessory sales (up 50%). Gross profit was €0.9m (17% of sales, compared to H1/2007’s 8%). Operating expenses were €2.9m, down €0.6m as a result of cost cutting measures.

However, due to insufficient H1/2008 sales, Riber recorded a €2.0m operating loss, compared to a €3.3m loss for the same period in 2007.

Cash and cash equivalents totaled €3.9m, up on the €2.5m at 31 December 2007. The increase was primarily due to the collection of Q4/2007 sales, says Riber.

For full-year 2008, Riber forecasts sales revenue of €18m. Since July, orders for two production machines and one research machine have been confirmed. At the end of July, the sales order backlog exceeded €8.8m. Riber added that it anticipates a net profit for the second half of 2008.

See related items:

Riber doubles sales year-on-year to €5.1m in first-half 2008

Riber reports tough 2007, but forecasts better year ahead

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