RIBER: 2022 full-year earnings positive
2022 full-year earnings
- Business impacted by difficulties sourcing
- Income from ordinary operations stable at
- Positive net income of €0.2m
- 2023 objectives: revenues of around €40m and
improvement in profitability
- Proposed payout of €0.05 per share for FY
- Christian Dupont appointed
as Chairman of the Executive
Bezons, April 14, 2023
- 8:00am - RIBER, the global leader for molecular beam epitaxy
(MBE) equipment serving the semiconductor industry, is releasing
its full-year earnings for 2022.
(€M - at December 31)
Services and accessories revenues
Gross margin% of revenues
Income from ordinary operations% of revenues
Operating income% of revenues
Pre-tax income from ordinary operations% of
Net income% of revenues
During FY 2022, RIBER recorded a strong level of
commercial development, as shown by its high order intake,
including 14 systems and an option for an additional four systems.
Nevertheless, the supply chain disruption affecting electronic
components resulted in the deferral of the delivery of two research
systems to 2023, representing a total of €2.9m, despite the
Company’s efforts to diversify its sourcing capacity.In addition,
RIBER has stopped marketing a range of evaporators for the OLED
In this context, 2022 full-year revenues came to
€27.8m, down -11% from 2021. Sales of MBE systems contracted -15%
to €14.8m, for six machines delivered, compared with eight in 2021.
Sales of services and accessories are down -6% from a high basis
for comparison to €13.0m, representing 46.8% of 2022 revenues.
The gross margin came to €9.8m, representing
35.2% of revenues, stable versus 2021(35.4%).
Operating expenditure is stable (€9.8m). R&D
investments totaled €3.2m, representing 12% of revenues, stable
compared with 2021. Sales and marketing costs are up (+18% in line
with the strong growth in order intake), while administrative costs
are stable overall.
Income from ordinary operations amounted to
€1.3m, comparable to 2021.
Operating income broke even, compared with a
€1.3m profit in 2021. It is impacted by non-current charges for
€1.3m, in particular due to the decision to discontinue the OLED
evaporator product line, which led to the depreciation of
Net income totaled €0.2m, compared with €1.5m in
2021. In 2022, it included +€0.4m of financial income and expenses,
linked primarily to the revaluation in euros of receivables
denominated in US dollars and Yuan.
Cash flow and balance sheet
The cash position at end-2022 was positive at
€6.1m, up +€0.2m from the end of 2021. This change reflects the
good level of cash flow from operations and the improvement in
working capital requirements.
Net financial debt decreased to €1.3m at
December 31, 2022, compared with €2.4m one year earlier.
Shareholders’ equity totaled €18.8m, down -€1.0m
from end-2021. This change is linked to earnings for the year and
the distribution of amounts drawn against the issue premium for
2021 to shareholders.Order book
During FY 2022, new order intake improved
significantly, with 14 systems ordered over the period and a good
level of orders recorded for services and accessories.
This robust development helped significantly
strengthen the order book at December 31, 2022, up +102% to €29.9m
and including 11 MBE systems (€24.6m), as well as orders for
services and accessories (€5.3m).
This order book does not include the additional
order for a production system announced on February 20, 2023, or
the option to buy announced on June 8, 2022 covering four
production machines for which the firm orders will be confirmed in
2023 when the export license is obtained.
In view of these elements, RIBER is confident
that it will be able to achieve revenues of around €40m, driven by
40% growth compared with 2022. This growth in business is expected
to be combined with a significant improvement in profitability.
In a still buoyant market context, with robust
demand for the Company’s systems, RIBER is expected to continue
taking orders in 2023, capitalizing on a strong pipeline of
Distribution of amounts drawn against
the “issue premium” account
Illustrating its confidence in the Company’s
outlook, the Executive Board will submit a proposal to shareholders
at the General Meeting on June 20, 2023 to approve a cash payout
based on reimbursing part of the issue premium for €0.05 per share.
It will be released for payment on July 5, 2023.
During its meeting today, chaired by Ms Annie
Geoffroy, RIBER’s Supervisory Board appointed Mr Christian Dupont
as Chairman of the Company’s Executive Board from April 13, 2023,
replacing Mr Michel Picault, who is still a member of the Company’s
This appointment will make it possible to ramp
up RIBER's robust growth and expansion in a buoyant market
Mr Christian Dupont, Chairman of RIBER’s
After graduating as an engineer from EPFL (École
Polytechnique Fédérale de Lausanne), Mr Christian Dupont, 59, began
his career in 1988 with Texas Instruments, where in 1992 he helped
create its Wireless business unit, which became the wireless
semiconductor market leader for 15 years. He was a Marketing
Manager before being appointed to head up the business unit
wireless USA in Dallas and Nice, where he was in charge of the
wireless business unit in Europe. From 2007 to 2010, he was CEO of
the startup Varioptic (electro-optics), which was sold to Parrot,
before serving until 2015 as CEO of PoLight in Norway (MEMS
Auto-Focus), which listed on Oslo’s stock market. From 2015 to
2021, he was Chairman and CEO of CEO-CF, the leading collaboration
platform for executives from high-growth European technology
companies. In 2018, as CEO, he helped restructure and
refinance Dolphin Integration (semiconductors), taken over by
Soitec and MBDA. From 2019, he was CEO of Digitsole (digital
- April 28, 2023 - 8:00am: 2023
first-quarter revenues and 2022 annual financial report
- June 20, 2023 - 10:00am: General
The annual financial statements were approved by
the Executive Board and, on April 13, 2023, were also approved by
the Supervisory Board. The statutory auditors have completed the
audit procedures on the corporate and consolidated accounts. The
certification report will be issued once the necessary procedures
have been finalized for publishing the full-year financial
RIBER is the global market leader for MBE -
molecular beam epitaxy - equipment. It designs and produces
equipment for the semiconductor industry, and provides scientific
and technical support for its clients (hardware and software),
maintaining their equipment and optimizing their performance and
Accelerating the performance of electronics,
RIBER’s equipment performs an essential role in the development of
advanced semiconductor systems that are used in numerous
applications, from information technologies to photonics (lasers,
sensors, etc.), 5G telecommunications networks and research in the
field of quantum computing.
RIBER is a BPI France-approved innovative
company and is listed on the Euronext Growth Paris market
Picault | tel: +33 (0)1 39 96 65 00 | firstname.lastname@example.org
CALYPTUS Cyril Combe | tel: +33
(0)1 53 65 68 68 | email@example.com
- CP_Riber_Résultats 2022_EN_Vdef
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