News

23 July 2008

 

Riber doubles sales year-on-year to €5.1m in first-half 2008

MBE equipment maker Riber of Bezons, France has reported sales of €3m for second-quarter 2008, giving consolidated sales of €5.1m for first-half 2008. This is up 112% on €2.4m a year ago, due to: the sale and delivery of four research machines (compared to none in first-half 2007); growth in service and accessory sales (up 50%).

The order backlog totaled €5.3m at the end of June, and comprises six research machines. A further production machine for a customer in Asia and a research machine for a Russian laboratory have been added since the beginning of July.

Riber says that a number of commercial negotiations are in progress for machine orders to be delivered by the end of this year. The service and accessory sales outlook, aimed mainly at the production of equipment for the organic LED (OLED) screen market, remains strong. Previously, at the end of March, Riber forecast full-year 2008 sales of €18m (up slightly from €17m in 2007, but still down on on 2006’s €20.1m) .

The firm says that the roll-out of the new strategy adopted by its executive board is proceeding, focusing on the following specific points:

• improved profit margins;
  
• increased cell, accessory and service sales;
  
• an enhanced approach to quality;
  
• accelerated implementation of actions aimed at penetrating the market for production equipment for applications such as gallium nitride (GaN) transistors, OLED screens, flexible solar cells, and new generations of microprocessor.

Full results for first-half 2008, together with the sales outlook for second-half 2008, will be released on 29 August.

See related item:

Riber reports tough 2007, but forecasts better year ahead

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