AES Semigas

IQE

27 July 2022

Riber’s first-half revenue stable at €9.3m despite electronic component shortage

For first-half 2022, Riber S.A. of Bezons, France – which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells – has reported revenue of €9.2m, slightly below the €9.3m a year previously due to the difficulties in sourcing electronic components preventing further deliveries.

MBE system revenue was €2.9m, up 5% from about €2.8m in first-half 2021.

Revenues for Services & Accessories was €6.3m, down 3% from €6.5m.

Of total revenue, 39% came from Europe (up from 29%), 56% from Asia (down from 63%), and 5% from North America (down from 7%).

Order book development

In a context of MBE market growth, new orders received during first-half 2022 grew strongly, comprising eight MBE systems (including four production systems) and a stronger level of orders for Services & Accessories.

The order book at the end of June was hence up strongly, by 76%, from €17.4m in 2021 to €30.6m in 2022.

Specifically, the Services & Accessories order book rose by 10% from €6.9m to €7.6m, confirming the positive trend in MBE research and production activities.

The Systems order book more than doubled (up by 119%) from €10.5m to €23m. This included four production systems (versus just one in 2021) and seven research systems (versus four in 2021). Also, this does not include: (1) orders announced on 25 July for two research systems; and (2) the option to buy (announced on 8 June) covering four production machines for which firm orders will be confirmed when the export license is obtained.

Outlook

Riber says that it continues to face a shortage of deliveries of electronic boxes (resulting from the current microprocessor shortage), which are crucial components for its MBE machines to operate. System revenue for second-half 2022 is therefore uncertain, as the planned system deliveries are dependent on the resumption of deliveries of electronic boxes.

“The reduced visibility in the short term does not detract from the robust positioning of the company’s activities or their potential for growth over the medium and long term,” the firm notes.

First-half earnings and the outlook for full-year 2022 will be issued on 28 September.

See related items:

CNRS-CRHEA and FOTON Institute order two Riber Compact 21 research MBE systems

Riber receives order for two MBE 6000 production systems, plus option for four more

Riber’s revenue falls 25% in Q1 due to deferred billing for major Services & Accessories order

Riber’s revenue up 3% in 2021, driven by diversification of product mix

Riber’s revenue grows 10% in Q3 to €6.6m

Riber’s first-half revenue down 20% year-on-year due to pandemic-driven pause in system sales

Tags: Riber MBE

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