Riber grows annual revenue by 2.3% to another record of €31.3m

For fourth-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 €9.7m, almost doubling from €4.9m in Q3/2018 and exceeding the €9.5m in Q2.

Full-year 2018 revenue was €31.3m, up 2.3% from 2017’s €30.6m (which was a historically high year, with growth of 86% versus 2016). Europe contributed 49% of revenue (up from 33% in 2017), Asia 43% (down from 49%) and North America 8% (down from 18%).

Revenue for MBE systems was €9.6m (six systems, including three production units), up 33% on 2017’s €7.2m (five systems, including two production units), despite the deferral of deliveries for two systems (which will be invoiced in first-quarter 2019, as indicated on 10 January).

Revenues for services & accessories were €10.1m, up 12% on 2017’s €9m, reflecting the drive to regularly develop this business (which makes a strong contribution to gross margin).

Revenues for evaporators (cells and sources) were €11.6m, down 19% on 2017’s €14.4m, maintaining a high level of performance, focused primarily on an Asian client.

The order book has risen by 16% from €25.8m at the end of 2017 to €29.9m at the end of 2018.
Systems order are up 83% from €12.2 to €22.3m, including 13 MBE systems (of which seven are production machines).

Services & accessories orders are down 22% from €8.7m to €6.8m (a temporary decline, says Riber).

Evaporators orders are down 84% from €4.9m to €0.8m, related to a temporary slowdown in investments in screen production lines.

In view of the high level of the order book, to be invoiced over 2019, Riber is forecasting a further year of revenue growth.

See related items:

Riber reduces 2018 revenue guidance from €35m to €31m after deferral of two system deliveries to Q1/19

Riber grows revenue 42% year-on-year for the first nine months of 2018, driven by MBE systems sales almost tripling

Riber’s first-half revenue grows 36% year-on-year as MBE system sales quadruple

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

Riber returns to annual profit

Tags: Riber MBE

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