23 October 2012

Riber’s Q3 revenue up 33% year-on-year

For the first nine months of 2012 (to the end of September), 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 €16.7m, down 10% year-on-year from €18.5m (although still more than double the €7.6m in 2010). Of total revenue, 43% came from Europe, 40% from Asia, and 17% from North America.

Most recently, following revenue for first-half 2012 of just €9.4m, this includes revenue for third-quarter 2012 of €7.3m (up 33% on €5.5m a year ago and well over double Q2’s €3.2m).

By sector (for the first nine months of 2012), Services & Accessories revenue was €3.8m (almost level with €3.7m a year ago, despite the economic downturn). Revenue from Evaporation Cells & Sources was just €1.7m, down 81% from €9.1m in 2011 (although 2011 had benefited from high sales for organic LED production). Reflecting a shift in product mix towards MBE system sales, Systems revenue nearly doubled from €5.7m to €11.2m (quadrupling from €2.8m in 2010).The number of MBE reactors billed has doubled from five to 10. “This commercial success is paving the way for gains in Riber’s market shares, particularly in the research sector,” says the firm.

As of end-September 2012, the order book totaled €18m (down 7% on €19.3m a year ago). By sector, Systems orders were €15.8m (up 13% on €14m in 2011). This includes 14 MBE systems to be delivered in 2012-2013. Most recently, during Q3/2012, Riber recorded two research system orders for laboratories in China and India (compared with three research systems in Q3/2011). Orders for Cells & Sources have fallen 93% from €3.4m to just €0.2m, following the difficulties currently faced by the photovoltaic sector and during Riber’s ongoing development of new ranges of OLED cells in anticipation of the next waves of investments. Order for Services & Accessories are level year-on-year, at €1.9m.

Riber has reiterated its full-year 2012 targets of revenue of €26-28m (down on 2011’s €29m) and operating margin of 7-9%.

Riber says that Jacques Kielwasser has resigned from its Supervisory Board. His position is not expected to be filled at the moment, as the number of board members is currently above the legal and statutory requirements.

See related items:

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

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

Tags: Riber MBE

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