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For full year 2007 (ended 31 December), MBE equipment maker Riber Group of Bezons, France has recorded a turnover of €17.0m, a decrease of 15% on 2006’s €20.1m, but level with 2005’s figures. According to Riber, the decrease is the result of a drop in production machine shipments, and a 22% drop in sales of components and accessories owing to fewer machine-refurbishing sales. In financial year 2007, Riber delivered three production machines, compared with five in 2006.

Riber says that its interim net consolidated results prior to audit for the 2007 financial year amount to an estimated loss of over €9m, consisting of approximately €4m in loss from current operations and €5m in loss from non-recurring provisions and impairment. These provisions were the result of updated risks concerning surplus metal inventory, a joint research contract, and litigation with customers.

Confirmed results will be published on 27 March, 2008.

For the 2008 financial year, Riber forecasts turnover in excess of €18m. To achieve these results, Riber is undertaking an extensive cost-cutting plan from Q1/2008.

Riber’s cash and cash equivalent was positive at the end of 2007, and is forecast by the company to grow during Q1/2008, with the expected receipt of significant billing amounts from Q4/2007 and the implementation of cost-cutting measures.

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