Riber revenues up 41 percent
MBE firm posts annual revenue of €39.2M for 2023
Grenoble-based MBE firm Riber has reported full-year revenues amounted to €39.2M, up 41 percent from 2022.
In the fourth quarter of 2023, revenues growth remained strong at 48 percent. This growth is the result of Riber's enhanced market position in MBE systems for production, according to the company .
MBE systems revenues reached €29.0M, up 96 percent. 13 MBE systems, including 5 production systems, were delivered over the year, compared with 6 systems, including 4 production systems, in 2022.
Revenues for services and accessories totalled €10.3M, down 21 percent compared with a high basis of comparison in 2022.
The breakdown of 2023 full-year revenues is as follows: 63 percent for Asia, 24 percent for Europe and 13 percent for North America.
Order book developments
The order book for MBE systems is down 18 percent to €20.2M, following the major deliveries at the end of 2023. This figure is based on six systems, including 5 production systems. This order book includes the order for a production machine in Europe announced on January 8, 2024. It does not incorporate the major order for three production systems in Asia announced on January 24, 2024.
Orders for services and accessories showed improvement, up 16 percent from the previous year.
At December 31, 2023, the consolidated order book amounted to €26.3M, down -12 percent from the previous year.
Outlook
Given the composition of the order book at December 31, 2023, and the outlook for orders to be delivered this year for systems, services and accessories, Riber is forecasting further growth in 2024 revenues compared with 2023.
