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Riber announces euro 3.2 million ($2.8 million) profit in 2001

MBE system manufacturer Riber has reported that sales for its financial year ending December 31, 2001 decreased by 17% from the previous year to euro 34.2 million ($30.1 million), with a net profit of euro 3.2 million ($2.8 million).

Production MBE reactor sales declined 26.4% on the previous year to euro 25.9 million ($22.8 million) as a result of fewer deliveries of MBE6000 machines for wireless communications applications, which was only partly offset by increased deliveries of MBE49 machines for optoelectronic applications.

Component sales increased significantly to euro 5.6 million ($4.9 million), accounting for 16.6% of sales, and research machine sales grew to euro 2.6 million ($2.3 million) accounting for 7.6% of sales.

The company claims that margins were kept at a satisfactory level despite the difficult economic environment. Riber s gross profit decreased to euro 12.6 million ($11.1 million) in 2001, and gross profit margin decreased to 36.8% compared to 46.1% in 2000. The company s operating profit declined 52.4% to euro 4.9 million ($4.3 million). Michel Picault
E-mail: jdesveaud@riber.fr
Web site: http://www.riber.com

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