19 January 2012

Riber’s revenue grows 40% to €29m in 2011

For fourth-quarter 2011, Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, has reported revenue of €10.5m, almost doubling from Q3/2011’s €5.5m. This took full-year 2011 revenue to €29m, up 40% on 2010’s €20.7m (and up from last July’s forecast of 35% growth to €27–29m). Of total revenue, 52% came from Asia-Pacific, 32% from Europe and 16% from North America.

Cells and sources revenue drove growth in 2011, almost quadrupling (up 292%, from €3.1m in 2010 to €12.1m). This reflected the delivery of major investment orders aimed at setting up organic light-emitting diode (OLED) screen production lines, says Riber.

MBE system sales rose 4% from €11.1m in 2010 to €11.5m, indicating the good level of sales to compound semiconductor firms and research centers. In 2011, 10 MBE systems were delivered, including three production systems.

Services and accessories revenue has fallen 18% from €6.5m to €5.4m, set against a slowdown in the North American market.

Riber says that Q4/2011 saw a dynamic level of commercial development, receiving orders for nine MBE systems (one production system and eight research systems). This growth has been achieved due specifically to the continued strengthening of positions in Europe and China.

As of end-2011, the order book was €19.4m, up 12% on €17.3m a year ago. This comprises primarily 15 MBE systems (two production systems and 13 research systems), with only one due to be delivered after 2012. The systems order book totaled €17.4m, up 31% on €13.3m a year ago.

The cells and sources order book was down significantly (€0.6m, down 74% on €2.2m a year ago) following the completion of investments in generation 5¼ OLED production lines. Riber is currently preparing its range of next-generation cells for future investment steps. The services and accessories order book was €1.4m, down 19% on €1.8m a year ago.

Riber will report full-year 2011 earnings on 29 March.

See related items:

Riber reports 142% revenue growth for first three quarters of 2011

Riber triples first-half revenue year-on-year to €13m

Riber’s Q1 revenue doubles year-on-year

Riber reports 2010 revenue up 20% to €20.7m

Riber’s revenue bounces back by 11% in Q3/2010

Tags: Riber MBE

Visit: www.riber.com