29 January 2020
Riber grows annual revenue by 7% to another record of €33.4m in 2019, driven by 31% growth in Q4
For fourth-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 €12.7m, almost doubling from €6.8m last quarter and up 31% on €9.7m a year ago.
Annual revenue has grown for a fourth consecutive year, up 7% on 2018’s €31.3m to a new record of €33.4m for 2019. Asia contributed 52% of revenue (rebounding from 43% in 2018), Europe 32% (falling back from 49%) and North America 16% (up from 8%).
This was despite revenue for Evaporators (cells and sources) shrinking significantly, from €11.6m in 2018 to just €1m in 2019, due to the end of the previous investment cycle for organic light-emitting diode (OLED) display production equipment in 2018.
Revenue for Services & Accessories also fell, but by just 7% from €10.1m to €9.4m, due to a billing delayed over to 2020.
In contrast, revenue for Systems more than doubled to €23m (12 systems: seven production units and five research units), up 140% on 2018’s €9.6m (just six systems: three production units and three research units).
The success with MBE systems linked to 5G wireless development is offsetting the temporary lack of investment in the OLED display industry, notes Riber.
The order book shrank by just 4% from €29.9m at the end of 2018 to €28.7m at the end of 2019. This is due largely to Systems order falling by 2%, from €22.3m to €21.8m (including 12 MBE systems deliverable in 2020, of which five are production machines), while orders for Evaporators fell from €0.8m to zero. In contrast, Services & Accessories orders rose slightly, by 1%, from €6.8m to €6.9m, which also does not include the major order from Asia for the OLED screen industry (announced on 20 January).
Riber says that this offers a good level of visibility for business in 2020, supported by the positive outlook for new orders in a general environment that is favorable for the semiconductor market. Riber hence plans to grow its revenue in 2020.