Riber announces first-half year earnings
French MBE company Riber has released its revenues and earnings for the first half of 2024, with solid business growth.
According to the company, this performance reflects its strong position in the MBE market, driven by a sharp rise in orders during the first half, with eight systems ordered for both research and industrial production. Additionally, the services and accessories business saw a significant upturn compared to a favourable base.
Revenues for the first half of 2024 came to €13.7M, up +13 percent compared with the first half of 2023. Systems revenues increased by +10 percent to €9.4m, while services and accessories revenues were up by +19 percent to €4.3M.
The company points out that first-half earnings cannot be extrapolated over the full year due to the lower seasonality of revenues in the first half. The first-half gross margin was €4.8M, representing 34.8 percent of revenues, compared to 32.3 percent for the first half of 2023.
Operating profit improved by €1.1M, reaching breakeven in the first half of 2024. Net income was positive at €0.2M, compared to a loss of €1.2M for the first half of 2023. This includes net financial income of €0.2M.
At the end of June 2024, the cash position was positive at €7.1M, compared to €9.7M at December 31, 2023, and €8.3M on June 30, 2023.
Shareholders’ equity at end-June 2024 totalled €19.6M, compared to €21.2M at December 31, 2023, primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium paid out in June.
The order book at June 30, 2024 totaled €36.0M, up +18 percent compared with June 30, 2023. System orders, amounted to €30.2M (+27 percent), based on 12 machines, including seven production machines. Orders for services and accessories (€5.8m) are down -14 percent. This order book does not include the order announced in August 2024 for one research machine.
Outlook
Given the current orders scheduled for delivery in 2024 and the opportunities for its systems, services and accessories, Riber expects full-year revenues exceeding €40M, along with further improvements in earnings. The company says it expects new orders in the fourth quarter.
