Riber Reports Stable Half Year Revenues
Strong growth in the order book at end-June: +76 percent
French MBE company Riber is reporting first-half revenues for 2022 of €9.2m. These are stable compared with the previous year on account of the difficulties sourcing electronic components, which prevented further deliveries over this period.
MBE systems revenues totalled €2.9m, up +5 percent from the first half of 2021. Revenues for services and accessories came to €6.3m, with a limited year-on-year contraction of -3 percent.
The breakdown of Riber's half-year revenues at June 30, 2022 was as follows: 39 percent for Europe, 56 percent for Asia and 5 percent for North America.
In a context of MBE market growth, the first half of 2022 recorded a very strong improvement in the level of new orders, with eight MBE systems ordered during the first half of the year, including four production systems, and a stronger level of orders for services and accessories.
The order book at June 30, 2022 came to €30.6m, with +76 percent growth versus June 30, 2021.
The systems order book is up +119 percent to €23.0m, based on four production systems, compared with one in 2021, and seven research systems, versus four in 2021. It does not include: i) the orders announced on July 25 for two research systems, or ii) the option to buy announced on June 8 covering four production machines for which the firm orders will be confirmed when the export license is obtained.
The services and accessories order book is up +10 percent to €7.6m, confirming the positive trend for the research and production MBE activities.
Riber continues to face a shortage of deliveries of electronic boxes (resulting from the current microprocessor shortage), which are crucial components for the company's MBE machines to operate.
Machine revenues for the second half of the year are therefore uncertain, as the planned system deliveries are dependent on the resumption of deliveries of electronic boxes.
Riber says the reduced visibility in the short term does not detract from the robust positioning of the company's activities or their potential for growth over the medium and long term.
First-half earnings and the outlook for the full year will be published on September 28, 2022 before start of trading.