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13 May 2020

Riber revises order book following refusal of export license

Riber S.A. of Bezons, France – which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells – has revised its order book following the French authorities’ refusal to grant export licenses for two deals signed previously. At the same time, the firm has announced receipt of a new order for a research system in Asia.

The equipment manufactured and marketed by Riber is classified as ‘dual-use goods’, which require an export license from the French authorities for sales to countries other than the European Union, North America and Japan.

Following extensive discussions, the French authorities refused to grant Riber an export license for two deals concerning three machines, whose orders were announced on 6 and 10 December 2019. Acting in accordance with international regulations, Riber has therefore canceled these orders, worth a total of €4m.

In this context, the order book at end-March 2020 has been revised down to €22.5m.

Riber says that the negotiations underway should make it possible to sign significant contracts that will compensate for these cancellations. For example, the firm has just received a new order from an Asian research center for a research machine (for which the export license has been obtained).

See related items:

Riber’s annual revenue grows 7% in 2019

Tags: Riber MBE

Visit: www.riber.com

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