Riber posts positive half year
MBE firm Riber is reporting its revenues for the first half of 2024, with revenues of €13.7M, up 13 percent from the first half of 2023.
Systems revenues totalled €9.4M, up 10 percent from the previous year. This growth includes the delivery of three machines, compared with four in the first half of 2023.
Revenues for services and accessories came to €4.3M, up 19 percent compared with a favourable comparison base.
The breakdown of Riber’s half-year revenues at June 30, 2024 was Europe (28 percent), Asia (67 percent) and North America (5 percent).
In terms of orders, against a backdrop of growth in the MBE market, the first half of 2024 was marked by a sharp rise in order intake, with eight systems ordered during this period, reflecting the strength of the compound semiconductor market for both research and industrial production.
In this context, the systems order book is up 27 percent to €30.2M based on 12 machines, including seven production machines.
The services and accessories order book, according to Riber, is down 14 percent to €5.8M, as a result of a high level of invoicing in the first half of 2024.
The total order book at June 30, 2024 came to €36.0M, up 18 percent compared to June 30, 2023.
Outlook
Given the current orders scheduled for delivery in 2024 and the upcoming opportunities for its systems, services and accessories, Riber expects further growth in revenues and earnings for the full year.
