Riber reports Q1 results
Company is targeting year-on-year revenue growth of at least 15 percent for 2018
Riber has reported revenues of €7.2m for the first quarter of 2018 compared with €9.2m for the first quarter of 2017. The contraction in evaporator revenues reflects a staggering of deliveries for the photovoltaic and screen industries over the first and second quarters of 2018 compared with 2017.
In terms of other business, one MBE research system was delivered during the quarter, like last year, while services and accessories have maintained a strong rate of growth.
At March 31, 2018, the breakdown of Riber's revenues was as follows: 84.2 percent for Asia, 12.2 percent for Europe, 3.4 percent for the US and 0.2 percent for other regions.
The order book at March 31, 2018 is up 112 percent from March 31, 2017 to €36.1m, thanks to the good performances achieved across all the business lines. The systems order book at March 31, 2018 is up 110 percent to €22.0m, with 13 MBE systems, including nine production machines.
The services and accessories order book is up 28 percent to €5.8m. This performance confirms the development of production and research MBE activities.
The order book for evaporators (cells and sources) shows 308 percent growth to €8.3m, factoring in the high level of repeat orders at end-2017 and early 2018.
Outlook
In view of these elements, Riber is targeting year-on-year revenue growth of at least 15 percent for 2018.
