31 October 2022
Riber’s revenue halves in Q3, impacted by difficulties sourcing electronic components
For third-quarter 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 €3m, more than halving from €6.8m in Q2/2022 and €6.6m a year ago.
For the first nine months of 2022 (to end-September), revenue was €12.2m (56% of which came from Asia, 37% from Europe, and 7% from North America). This is down 23% year-on-year from €15.8m for the first nine months of 2021.
Specifically, MBE Systems revenue halved, from €7.5m to €3.7m, due to the postponement of the delivery of two systems to fourth-quarter 2022 in the context of difficulties sourcing electronic components.
However, Services & Accessories revenue grew by 2% from €8.3m to €8.5m, confirming the positive trend for research and production MBE activities.
Order book up 93% year-on-year
Following the positive trend for order intake in first-half 2022, Riber says that it has consolidated its position on the market during Q3/2022, confirming four system orders (including two production systems) while continuing to focus its development on services & accessories.
The order book at end-September was hence €39.1m, up 93% on €20.3m a year previously.
Specifically, the order book for Services & Accessories remains €7.7m (the same as a year ago). However, the Systems order book has grown by 149% from just €12.6m to €31.4m, comprising six production and eight research systems in 2022 (compared with two production systems and five research systems in 2021). Also, this does not include (1) the order announced on 25 October for one research system and (2) the option to buy (announced on 8 June) covering four production systems (for which firm orders will be confirmed in 2023 when the export license is obtained).
Riber says that the current large order book already ensures strong growth in 2023 revenue to over €40m (compared with €31.2m). The firm adds that, in a dynamic market environment with strong demand for its systems, it expects to continue taking orders during fourth-quarter 2022.