Riber grows revenue by 7 percent
Strong development confirmed for the MBE business, offsetting the cyclical contraction in evaporator sales
Riber, a French semiconductor industry equipment company, has reported its full-year revenues for 2019. Full-year revenues came to €33.4m for 2019, up 7 percent compared to 2018.This is the fourth consecutive year of growth.
Systems revenues climbed to €23m, with 140 percent year-on-year growth. In 2019, 12 machines, including seven production and five research units, were delivered, compared with six machines in 2018, including three production and three research units.
Evaporator revenues totalled €1.0m, a significant contraction linked to the end of the previous investment cycle for OLED display production equipment in 2018.
Services and accessories revenues remained at a satisfactory level of €9.4m, down 7 percent from 2018, due to a billing delay over 2020.
The breakdown of full-year revenues for 2019 was as follows: 32 percent for Europe, 52 percent for Asia and 16 percent for North America.
The success of MBE machines linked to the 5G development offsets the temporary lack of investment in the OLED display industry.
The systems order book totalled €22.3m, up 83 percent from the end of the previous year. It includes 12 MBE systems deliverables in 2020, with five production machines.
The order book for services and accessories is satisfactory at €6.9m. It does not include the major order in Asia for the OLED screen industry, announced last week.
Outlook for 2020
These elements offer a good level of visibility for Riber˙s business in 2020. They are supported by the positive outlook for new orders in a general environment that is favourable for the semiconductor market. In this context, Riber plans to consolidate its revenue in 2020.