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Riber posts revenues of €12.2m

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Order book high but Q3 revenues impacted by trouble sourcing components

MBE firm Riber is reporting its revenues for the year to end-September 2022. MBE systems revenues totaled €3.7m for the first nine months of the year, down 51 percent due to the postponement of the delivery of two systems to the fourth quarter in a context of difficulties sourcing electronic components.

Revenues for services and accessories climbed 2 percent to €8.5m, confirming the positive trend for the research and production MBE activities. Overall, revenues at September 30, 2022 came to €12.2m, contracting 23 percent from September 30, 2021.

The breakdown of revenues at end-September 2022 was as follows: 56 percent for Asia, 37 percent for Europe and 7 percent for North America.

Following the positive trend of the first half of 2022, Riber consolidated its position on the market during the third quarter, with four system orders, including two production systems, while continuing to focus its development on services and accessories.

The order book at September 30, 2022 came to €39.1m, with 93 percent growth versus September 30, 2021.

The systems order book is up 149 percent to €31.4m, based on six production systems, compared with two in 2021, and eight research systems, versus five in 2021. It does not include i) the order announced on October 25 for one research system and ii) the option to buy announced on June 8 covering four production machines for which the firm orders will be confirmed in 2023 when the export license is obtained.

The order book for services and accessories remains at a high level, with €7.7m.

Outlook

In a climate of international supply tensions, Riber says it is doing everything possible to achieve 2022 full-year revenues close to the last year’s level. The high level of the current order book already ensures a strong growth in 2023 revenues of over €40m. In a dynamic market context with strong demand for the company's systems, Riber is expected to continue taking orders during the fourth quarter of 2022

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