RIBER: 2022 first-half earnings

Press launch

2022 first-half earnings

• Robust improvement of actions with sturdy order consumption for programs
• Difficulties in supplying digital elements resulting in a potential postponement of sure deliveries
• Order guide at end-June 2022: €30.6m, up +76%

Bezons, October 7, 2022 – 5:45pm – RIBER, a worldwide market chief for semiconductor business tools, is releasing its earnings for the primary half of 2022.

Key developments

During the primary half of 2022, buyer demand remained very sturdy, as evidenced by the big variety of orders recorded for the reason that begin of the monetary 12 months, with 13 programs ordered in 9 months and an possibility for 4 further programs. However, the constraints within the digital element provide chain led to system meeting delays and prevented additional deliveries over the interval.

Revenues

In this context, revenues for the primary half of 2022 got here to €9.2m, steady in contrast with the primary half of 2021. Systems revenues elevated by +5% to €2.9m, whereas revenues for providers and equipment are down -3% to €6.3m.

Earnings

First-half earnings can’t be extrapolated over the total 12 months as a result of decrease seasonality of revenues within the first half of the 12 months.

The first-half gross margin got here to €2.8m, representing 30.9% of revenues, up from the primary half of 2021 contemplating the change within the product combine.

Operating expenditure elevated (+€0.5m) because of sustained R&D investments (€1.8m; +14%) and the rise in gross sales and advertising prices in a context of rising order consumption (+15%), whereas administrative prices are steady total.

Income from unusual operations totaled €(2.1)m, down €0.2m from the primary half of 2021.

Net revenue got here to €(1.6)m, in contrast with €(1.8)m for the primary half of 2021. It contains €0.6m of monetary revenue and bills, linked primarily to the evolution of the euro / US greenback parity.

Cash movement and steadiness sheet

The money place at end-June 2022 was constructive at €7.7m, up €1.8m from December 31, 2021.

Shareholders’ fairness at June 30, 2022 totaled €17.0m, in contrast with €19.8m at December 31, 2021. This change is especially linked to first-half earnings and the distribution of quantities drawn in opposition to the problem premium to shareholders for the 2021 monetary 12 months.

Order guide at June 30, 2022

During the primary half of 2022, new order consumption improved considerably. The firm recorded 4 manufacturing programs orders and 5 analysis programs orders, whereas sustaining its progress in providers and equipment.

This restoration additional strengthened the order guide at June 30, 2022, which totaled €30.6m, up +76% in contrast with June 30, 2021. System orders (€23.0m; +119%) embody 11 machines and orders for providers and equipment (€7.6m) are up +10%.

This order guide doesn’t embody the orders introduced in July and August 2022 for 2 Compact 21 analysis programs, one MBE6000 manufacturing system and one MBE49 manufacturing system, in addition to the choice to purchase introduced on June 8 protecting 4 MBE6000 manufacturing machines for which the agency orders can be confirmed when the export license is obtained in 2023.

Outlook

In a nonetheless buoyant market context, with sturdy demand for the corporate’s programs, RIBER is anticipated to proceed taking orders by the top of the 2022 monetary 12 months.

Faced with provide chain constraints, the corporate has diversified its sourcing capability with its provider companions to scale back the scarcity of digital bins, that are essential elements for the corporate’s MBE machines to function. Supply chain delays will seemingly trigger system deliveries to be postponed to 2023.

The important improve in vitality prices may have a really restricted influence on the corporate’s exercise as a result of low vitality consumption within the firm’s manufacturing processes.

Over the long run, RIBER is shifting ahead with a venture for worthwhile progress based mostly on its technological and industrial know-how, in addition to its capability for innovation. Driven by new info applied sciences, the corporate is rolling out a technique targeted on additional strengthening its main place for MBE, attaining common progress in its service actions, and sustaining a sturdy degree of R&D funding to broaden its portfolio of applied sciences and functions.

Next date: 2022 third-quarter revenues on October 31, 2022, after shut of buying and selling

The condensed consolidated half-year accounts haven’t been topic to an audit or a restricted assessment by the statutory auditors. They have been authorized by the Executive and Supervisory Boards on October 6, 2022. The half-year monetary report is obtainable in French on the corporate web site (www.riber.com).

About RIBER
RIBER is the worldwide market chief for MBE – molecular beam epitaxy – tools. It designs and produces MBE programs and evaporators for the semiconductor business. It additionally offers technical and scientific help for its purchasers, sustaining their tools and optimizing their efficiency and output ranges. Through its high-tech tools, RIBER performs an important function within the improvement of superior semiconductor programs which can be utilized in quite a few shopper functions, from info applied sciences to 5G telecommunications networks, OLED screens and next-generation photo voltaic cells.
RIBER is a BPI France-approved revolutionary firm and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
www.riber.com

Contacts

RIBER: Michel Picault | tel: +33 (0)1 39 96 65 00 | make [email protected]
CALYPTUS: Cyril Combe | tel: +33 (0)1 53 65 68 68 | [email protected]