18 July 2012

Riber’s first-half revenue falls 28% year-on-year as Q2 falls 16% on Q1

For second-quarter 2012, 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 €3.2m, down 56% on €7.2m a year ago and 16% on €6.2m in Q1/2012. For first-half 2012, revenue was €9.4m, down 28% on €13m in first-half 2011. Of first-half 2012 revenue, 39% came from Asia, 37% from Europe and 24% from North America.

As expected, in a difficult economic climate affecting the semiconductor industry, revenue shows a change in product mix in favor of MBE systems sales unmatched since 2002, says Riber.

Compared with three machines in first-half 2011, the number of machines invoiced doubled to six in first-half 2012, consolidating the firm’s market position particularly in the research sector. Total system revenue was €6.4m, up 89% on €3.4m in first-half 2011.

Revenue for services & accessories was €2.2m, down 15% on €2.6m in first-half 2011, due to a slowdown in demand in Europe and the USA.

Revenue for evaporation sources and cells was just €0.8m, down 89% on €7m in first-half 2011. However, the latter included the delivery of a major investment order for organic LED (OLED) production equipments.

In Q2/2012, Riber booked four MBE system orders for research laboratories in Germany, China, France and Japan, doubling from just two research systems booked in Q2/2011. For first-half 2012, system order value was €18.8m, up 24% on €15.1m in first-half 2011. Services & accessories orders remained almost level, down just 2% to €1.7m. However, orders for evaporation sources and cells were €1m, down 17% on €1.2m in first-half 2011. As previously announced, the decrease in orders for cells and sources is occurring during a transition period between two waves of investments in the OLED sector. Riber is continuing the development of a new range of OLED cells in order to strengthen its market position in what it describes as a promising sector.

The total order book at the end of June was €21.5m (up 19% on €18m a year ago), with 16 systems to be delivered in 2012 and 2013.

Riber will announce full results for first-half 2012 as well as its outlook for full-year 2012 on 19 September.

See related items:

Riber’s Q1 revenues up 8% year-on-year, driven by system sales

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

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

Tags: Riber MBE

Visit: www.riber.com