RIBER: 2022 first-half earnings
- Robust development
of activities with strong order intake for
- Difficulties in supplying
electronic components leading to a possible postponement of certain
- Order book at
€30.6m, up +76%
Bezons, October 7, 2022 – 5:45pm – RIBER, a
global market leader for semiconductor industry equipment, is
releasing its earnings for the first half of 2022.
RevenuesSystems revenuesServices and accessories
Gross margin% of revenues
Income from ordinary operations% of revenues
Operating income% of revenues
Net income% of revenues
During the first half of 2022, customer demand
remained very strong, as evidenced by the large number of orders
recorded since the start of the financial year, with 13 systems
ordered in nine months and an option for four additional systems.
However, the constraints in the electronic component supply chain
led to system assembly delays and prevented further deliveries over
In this context, revenues for the first half of
2022 came to €9.2m, stable compared with the first half of 2021.
Systems revenues increased by +5% to €2.9m, while revenues for
services and accessories are down -3% to €6.3m.
First-half earnings cannot be extrapolated over
the full year due to the lower seasonality of revenues in the first
half of the year.
The first-half gross margin came to €2.8m,
representing 30.9% of revenues, up from the first half of 2021
considering the change in the product mix.
Operating expenditure increased (+€0.5m) due to
sustained R&D investments (€1.8m; +14%) and the increase in
sales and marketing costs in a context of rising order intake
(+15%), while administrative costs are stable overall.
Income from ordinary operations totaled €(2.1)m,
down €0.2m from the first half of 2021.
Net income came to €(1.6)m, compared with
€(1.8)m for the first half of 2021. It includes €0.6m of financial
income and expenses, linked primarily to the evolution of the euro
/ US dollar parity.
Cash flow and balance sheet
The cash position at end-June 2022 was positive
at €7.7m, up €1.8m from December 31, 2021.
Shareholders’ equity at June 30, 2022 totaled
€17.0m, compared with €19.8m at December 31, 2021. This change is
mainly linked to first-half earnings and the distribution of
amounts drawn against the issue premium to shareholders for the
2021 financial year.
Order book at
June 30, 2022
During the first half of 2022, new order intake
improved significantly. The company recorded four production
systems orders and five research systems orders, while maintaining
its growth in services and accessories.
This recovery further strengthened the order
book at June 30, 2022, which totaled €30.6m, up +76% compared with
June 30, 2021. System orders (€23.0m; +119%) include 11 machines
and orders for services and accessories (€7.6m) are up +10%.
This order book does not include the orders
announced in July and August 2022 for two Compact 21 research
systems, one MBE6000 production system and one MBE49 production
system, as well as the option to buy announced on June 8 covering
four MBE6000 production machines for which the firm orders will be
confirmed when the export license is obtained in 2023.
In a still buoyant market context, with strong
demand for the company's systems, RIBER is expected to continue
taking orders by the end of the 2022 financial year.
Faced with supply chain constraints, the company
has diversified its sourcing capacity with its supplier partners to
reduce the shortage of electronic boxes, which are crucial
components for the company’s MBE machines to operate. Supply chain
delays will likely cause system deliveries to be postponed to
The significant increase in energy costs will
have a very limited impact on the company's activity due to the low
energy consumption in the company's production processes.
Over the longer term, RIBER is moving forward
with a project for profitable growth based on its technological and
industrial know-how, as well as its capacity for innovation. Driven
by new information technologies, the company is rolling out a
strategy focused on further strengthening its leading position for
MBE, achieving regular growth in its service activities, and
maintaining a robust level of R&D investment to expand its
portfolio of technologies and applications.
Next date: 2022 third-quarter
revenues on October 31, 2022, after close of trading
The condensed consolidated half-year accounts
have not been subject to an audit or a limited review by the
statutory auditors. They were approved by the Executive and
Supervisory Boards on October 6, 2022. The half-year financial
report is available in French on the company website
About RIBERRIBER is the global
market leader for MBE - molecular beam epitaxy - equipment. It
designs and produces MBE systems and evaporators for the
semiconductor industry. It also provides technical and scientific
support for its clients, maintaining their equipment and optimizing
their performance and output levels. Through its high-tech
equipment, RIBER performs an essential role in the development of
advanced semiconductor systems that are used in numerous consumer
applications, from information technologies to 5G
telecommunications networks, OLED screens and next-generation solar
cells.RIBER is a BPI France-approved innovative company and is
listed on the Euronext Growth Paris market
RIBER: Michel Picault | tel:
+33 (0)1 39 96 65 00 | firstname.lastname@example.org CALYPTUS:
Cyril Combe | tel: +33 (0)1 53 65 68 68 |
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