27 April 2018

Riber’s Q1 revenue down 21.7% year-on-year due to staggering of evaporator deliveries

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

For first-quarter 2018, 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 €7.2m (84.2% from Asia, 12.2% from Europe, 3.4% from the USA, and 0.2% from other regions), down 21.7% on €9.2m a year ago.

This was due to revenue for Evaporators (cells and sources) falling by 29% from €7.3m a year ago to €5.2m, reflecting a staggering of deliveries for the photovoltaic and screen industries over the first and second quarters of 2018.

System revenue was €0.8m, down only slightly from €0.9m (with, again, one research system delivered). Services & accessories revenue maintained a strong growth rate, rising by 26% from €1m to €1.3m.

The order book at end-March has more than doubled, up 112% from €17m a year ago to €36.1m, due to good performance across all business lines.

Specifically, Systems orders rose by 110% from €10.5m to €22m (13 MBE systems, including nine production systems, compared with just four production systems and three research systems a year ago). Services & accessories orders rose by 28% from €4.5m to €5.8m, confirming the development of production and research MBE activities. Evaporator orders more than quadrupled, rising by 308% from €2m to €8.3m, factoring in the high level of repeat orders spanning end-2017 to early 2018.

Riber is hence targeting year-on-year revenue growth of at least 15% for 2018.

• Since the end of Q1/2018, Riber has received a European order for a MBE research system (for delivery this year) to be used in developing passivation for high-power lasers.

See related items:

Riber returns to annual profit

Riber’s 80% year-on-year revenue growth for first-half 2017 drives return to profitability

Riber’s revenue booms in Q1/2017, driven by Cells & Sources for PV and screen applications

Tags: Riber MBE

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