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Riber reports strong revenue in Q1

Company targets 30 percent full-year growth

MBE equipment firm Riber has reported its revenues for the first quarter of 2017 with a 37 percent increase in its order book.

In the first quarter of 2017, Riber generated revenues of €9.2 million, up from €1.4 million in the first quarter of 2016.

Based on these figures, Riber is targeting full-year revenue growth of at least 30 percent.

Sales growth primarily reflects the high level of deliveries of cells and sources for the photovoltaic and screen industries during the quarter. Alongside this, one MBE research system was delivered, whereas no systems were billed in the first quarter of 2016. Sales of services and accessories are stable year-on-year.

At March 31, 2017, the breakdown of Riber's revenues was as follows: Asia (75 percent), Europe (21 percent) and the United States (3 percent).

The order book at March 31, 2017 is up 37 percent from March 31, 2016 to €17.0 million. This progress has been driven primarily by the dynamic development of the cells and sources business, combined with growth in the services and accessories business.

The systems order book, up 11 percent at March 31, 2017, comprises four production machines for delivery in 2017 (versus two in 2016) and three research systems for delivery in 2017 (versus five in 2016). This order book does not include the order for a research system in the US, announced on April 18.

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