Riber posts robust nine month results
Company reports stable revenues and a strong order book for year to end-September 2019
Semiconductor industry equipment firm Riber is reporting results for the year to end-September 2019, with revenues for the first nine months virtually stable at €20.7m and a strong order book of €26.4m.
Revenues of €20.7m were only down slightly from September 30, 2018 (-4 percent). The development of the systems and services activities has made it possible to offset the contraction in the evaporators business linked to the general economic environment, according to the company.
Systems sales are up 136 percent, with this growth consolidated by the positive market environment for production MBE. Over the first nine months, six systems - including five production units - were delivered, compared with five machines - including two production units – at September 30, 2018.
Sales of evaporators are sluggish, factoring in the completion of the previous investment cycle for OLED screen production equipment.
The services and accessories business is continuing to grow, with sales climbing 23 percent compared with September 30, 2018.
For the first nine months of 2019, the breakdown of revenues was as follows: 44 percent in Europe, 32 percent in Asia and 24 percent in North America.
The order book at September 30, 2019 shows a sustained performance, with €26.4m, offering good visibility for the medium term. The systems order book is stable compared with September 30, 2018 at €20.4m, comprising 12 systems, with six production machines and six research machines. In addition, six machines, including two production units, are scheduled for delivery during the last quarter of 2019. The order book for services and accessories is satisfactory at €6.1m.
