News Article
Riber sees strong growth in revenues
With an order book of €19.3 million, Riber is forecasting around €29 million in full-year revenues.
Riber, a manufacturer of MBE reactors, has posted €18.5 million in revenues at the end of September 2011, up 142% in relation to the same period the previous year.
Revenues for the third quarter of 2011 came to €5.5 million, compared with €3.2 million for the third quarter of 2010. With an order book of €19.3 million, Riber is forecasting around €29 million in full-year revenues.
Growth in business is being driven primarily by the increase in sales of evaporation sources, multiplied by 14 over one year. This performance reflects the delivery of major orders for investments on the OLED markets.
During the first three quarters, 5 MBE systems were delivered, compared with four research systems at September 30th, 2010, with a marked improvement in their unit value. However, the service business has contracted by 12% as a result of the slowdown in demand, particularly in the US.
At September 30th, 2011, the breakdown of Riber's sales was as follows: Asia (55%), Europe (35%) and North America (10%).
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The order book represented €19.3 million at the end of September 2011 (€19.1 million one year earlier), with three production systems and seven research systems, to be delivered between 2011 and 2013.
In view of the delivery schedule for the end of the year, Riber is targeting around €29 million in annual revenues, combined with an operating margin rate of over 15%.
