Riber’s growth in Systems and Services revenues offsets 91% drop for Evaporators

For third-quarter 2019, 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 €6.8m, down on €7.2m last quarter but up 39% on €4.9m a year ago.

However, for the nine months to end-September, revenue is still down 4% year-on-year from €21.6m to €20.7m.
Specifically, Evaporators sales dropped by 91%, from €10.6m to €1m, following completion of the previous investment cycle for organic light-emitting diode (OLED) screen production equipment.

However, the contraction in the Evaporators business linked to the general economic environment has been offset by the development of Systems and Services activities.

Systems sales grew by 136%, from €5.4m to €12.8m, aided by the positive market environment for production MBE, with the delivery of six systems (including five production units) compared with five (including just two production units) in the first nine months of 2018.

Revenue for Services & Accessories grew further, by 23% from €5.6m to €6.9m

Correspondingly, segmenting total revenue by geographic region, just 32% came from Asia (down from 59% in the first nine months of 2018), 44% came from Europe (up from 32%) and 24% came from North America (up from just 9%).

The order book at the end of September was €26.4m, down 15% on €31m a year previously. However, this was largely due to Evaporators orders dropping from €3.8m to zero. Services & Accessories orders fell by 8% from €6.6m to €6.1m. Systems orders fell by just 1% from €20.6m to €20.4m, comprising 12 systems (six production and six research), with six system (including two production units) scheduled for delivery during fourth-quarter 2019.

In view of these factors, for full-year 2019 Riber expects year-on-year growth in both revenue and operating income.

Riber concludes that, in a globally positive environment for the compound semiconductor market, it is moving forward with its development strategy, consolidating its market shares, expanding its portfolio of technologies and clients, and supporting the development of its service activities.

See related items:

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Riber’s Q1 revenue falls 10% year-on-year as weak evaporator sales outweigh MBE system sales growth

Riber grows annual revenue by 2.3% to another record of €31.3m

Riber grows revenue 42% year-on-year for the first nine months of 2018, driven by MBE systems sales almost tripling

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