27 May 2011

Riber expects revenue to grow 35% in 2011, then double by 2015

At its combined general meeting, Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, set out its objectives for this year and presented its development plan for 2011–2015.

Due to its portfolio of orders, Riber forecasts strong growth in its business during 2011. At the end of April, order backlog was €19.7m (more than doubling from €9.2m a year ago), including certain sales to be delivered after 2011.

In view of the current order book and the firm’s financial performance in first-quarter 2011 (in which revenue almost doubled year-on-year, from €2.9m to €5.7m), revenue is expected to grow to €27–29m for full-year 2011 (up 35% on 2010’s €20.7m), enabling Riber to achieve further improvement in profitability.

In Riber’s MBE Systems business, growth will be driven by the expansion of the firm’s commercial offerings, enabled by the development of dedicated systems for research institutes and the semiconductor industry, which is seeing an average annual growth rate of 8%.

The firm reckons that its Services and Accessories business will continue to capitalize on its installed base of 800 systems, combined with growth in epitaxy equipment sales and the development of activities in emerging countries. Sales are expected to grow 40% by 2015.

Diversification into the organic LED (OLED) and copper indium gallium diselenide (CIGS) thin-film solar cell markets, which look set for strong growth, is also expected to support sales, as well as consolidate Riber’s position as a high-value-added equipment maker.

Looking ahead to 2015, Riber is targeting €40m in revenues (nearly double 2010’s €20.7m).

See related items:

Riber’s Q1 revenue doubles year-on-year

Riber reports 2010 revenue up 20% to €20.7m

Riber’s revenue bounces back by 11% in Q3/2010

Riber expects strong H2/2010 to compensate for first half

Riber reports Q1 revenue up 11% year-on-year

Tags: Riber MBE

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