News: Optoelectronics
26 September 2024
Riber reports positive earnings in first-half 2024, as revenue grows by 13%
For first-half 2024, molecular beam epitaxy (MBE) system maker Riber S.A. of Bezons, France has confirmed revenue of €13.7m, up 13% on €12.2m in first-half 2023, despite an uncertain macroeconomic environment.
MBE Systems revenue grew 10% year-on-year from €8.5m to €9.4m. Services & Accessories revenue grew by 19% from €3.6m to €4.3m.
Gross margin rose from 32.3% to 34.8%. Compared with a loss of €1.2m in first-half 2023, net income was positive at €0.2m, although this is due to net financial income of €0.2m.
At the end of June 2024, net cash was €7.1m, down from €9.7m at end-December 2023.
Primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium paid out in June, shareholders’ equity at end-June 2024 totaled €19.6m, down from €21.2m at end-December 2023.
Order book grows by 18%
During first-half 2024 there was a sharp rise in orders received, including eight MBE systems for both research and industrial production as well as a significant upturn in Services & Accessories business from an already favourable base.
The MBE System order book hence grew by 27%, from €23.7m at end-June 2023 to €30.2m at end-June 2024 (comprising 12 machines, including seven production machines). The Services & Accessories order book is down by 14% from €6.7m to €5.8m, as a result of a high level of invoicing in first-half 2024.
The total order book hence rose by 18% from €30.5m at end-June 2023 to €36m at end-June 2024. However, this does not include the order announced in August for an MBE 412 cluster research system.
Full-year revenue expected to grow to more than €40m
Given the existing orders scheduled for delivery in 2024 and the opportunities for its systems, services & accessories, Riber expects further growth in full-year revenue to more than €40m, along with further improvement in earnings.
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