Riber Revenues Down 10 Percent
Quarterly revenues impacted by the weak contribution from evaporators
MBE firm Riber has reported that its revenues for the first quarter of 2019 were €6.6m, down 10 percent compared with 2018 first-quarter revenues. This contraction is linked to the decrease in revenues from evaporators, while revenues for MBE systems and services and accessories show strong growth.
MBE systems revenues climbed to €4.1m, up 413 percent compared with the first quarter of 2018. This growth reflects the invoicing of two production systems during the quarter, compared with only one research system invoiced in the first quarter of 2018.
Revenues from evaporators came to €0.8m, down 85 percent from the first quarter of 2018. This decrease is linked to the freeze on investments in equipment for OLED screen production following the major investments made in previous years.
Services and accessories revenues came to €1.7m, up 31 percent from the first quarter of 2018, in line with the company's strategy.
The order book at March 31, 2019 remained at a high level, with €32.2m, despite no orders being recorded for evaporators (€0.1m versus €8.3m at the same date in 2018).
The changes in the order book confirm the development of the MBE business. The systems order book at March 31, 2019 is up 25 percent to €25.3m. It includes 14 MBE systems, with seven production machines. The services and accessories order book is still at a satisfactory level, coming in at €6.8m.
Outlook for 2019
Considering the good level of the order book, with a high percentage of machines to be delivered in 2019, Riber is forecasting significant growth in its full-year revenues compared with the previous year.
