Riber reports revenues of €9.3m for 1H 2021
Revenues down 20 percent compared to the previous year as a result of the Covid-19 pandemic
Riber, a maker of MBE equipment, has reported its revenues for the first half of 2021. Revenues came to €9.3m, down 20 percent compared with the previous year, as orders were booked later in 2020 as a result of the health crisis linked to Covid-19.
MBE systems revenues totalled €2.8m, down 50 percent from the first half of 2020. Following logistical difficulties due to the health restrictions, the delivery of one research machine was delayed to the third quarter of this year.
Evaporator revenues are not significant due to the lack of investment in the OLED screen industry. Revenues for services and accessories totaled €6.4m, up 8 percent year-on-year.
The breakdown of Riber’s revenues at June 30, 2021 was as follows: 29 percent for Europe, 63 percent for Asia, 7 percent for North America and 1 percent for other countries.
Despite the health crisis and travel restrictions, the level of new orders improved during the first half of 2021, compared with the significant slowdown seen in the first half of 2020. During the period, the company received two orders for production MBE systems and two orders for research MBE systems, while further strengthening the development of its services and accessories business.
The total order book at June 30, 2021 came to €17.4m, with a limited contraction of 5 percent versus June 30, 2020. The systems order book represents €12.5m (-16%), and includes five systems to be delivered in 2021, with one production system. It does not include the additional order for a research system announced on July 19. The order book for services and accessories represents €6.9m (+21%), including a major order for MBE services in the US to be delivered in 2021.
Outlook
In view of these developments, Riber expects to improve net Income for 2021. Alongside this, the company expects to see an improvement in its orders over the second half of 2021, benefiting in particular from the first investments made in the semiconductor industry as part of post-Covid stimulus plans around the world.
