Riber reports Q3 revenues of €15.8M
Achieves 11 percent third-quarter revenue growth and €20.3M order book
Riber, a maker of MBE equipment, is reporting its revenues for the year to end-September 2021.
Revenues at September 30, 2021 came to €15.8m, down 9 percent from September 30, 2020. Following a first-half contraction of 20 percent, revenues for the third quarter came in 11 percent higher than the same period the previous year.
MBE systems revenues totaled €7.5m for the first nine months of the year, down 22 percent. This change reflects the seasonality of the delivery schedule, focused on the second half of the year in 2021.
Revenues for services and accessories totaled €8.2m, up 5 percent, in line with the company’s targets.
Evaporator revenues remained at a non-significant level due to the lack of investment in OLED screen production equipment.
The breakdown of revenues at end-September 2021 was as follows: 48 percent for Europe, 45 percent for Asia and 7 percent for North America.
Order book developments
The commercial turnaround measures rolled out over the year have continued to deliver benefits. During the third quarter of 2021, Riber recorded orders for one production system and two research systems (including the order announced on October 4, 2021), while further strengthening its services and accessories business.
At September 30, 2021, the order book represented €20.3m, up 12 percent from September 30, 2020. MBE systems orders are up 45 percent to €12.6m and include six systems to be delivered in 2021, including two production systems, as well as one research system to be delivered in 2022. Orders for services and accessories were consolidated at a good level in relation to a high basis for comparison in 2020.
Outlook
In view of the industrial production schedule for the fourth quarter, Riber is able to confirm its forecast for 2021, with full-year revenues of over €30m and €1.2m of operating income.
