November 24, 2022
  • November 24, 2022

Riber: results for the first half of 2021

By on September 30, 2021 0

Results for the first half of 2021

  • First half earnings not significant of the annual trend
  • Sustained growth in services & accessories Business in line with objectives
  • Outlook for 2021: annual turnover above € 30 million and operational Income of € 1.2 million

Bezons, September 30, 2021 – 8:00 a.m. – RIBER, world leader in the semiconductor industry equipment market, publishes its results for the first half of 2021 and its outlook for the full year.

(€ m) S1 2021 H1 2020 Switch

Systems revenue





Evaporator turnover 0.1 0.1 ns
Revenue from services and accessories 6.4 6.0 + 8%
Gross margin

% revenues





-0.8 M €
Income from ordinary operations

% revenues





-1.0 M €
Operating result

% revenues





-1.0 M €
Net revenue

% revenues





-0.7 M €

Key developments

During the first half of 2021, the effects of the health crisis impacted the Company’s performance due to the slowdown in system orders in 2020 (three orders received) and resulted in the postponement of the delivery of a system to the second half of the year. . Despite the impact of pandemic-related travel restrictions on business activity, the Company recorded four system orders in the first half of the year and expects to finalize several contracts in the second half. Throughout the period, the services and accessories activity maintained solid sales growth in line with the development strategy of this activity.


In this context, revenue for the first half of 2021 was € 9.3 million, down 20% compared to the first half of 2020. Systems revenue was down 50% to 2, € 8m, while revenues from services and accessories rose 8% to € 6.4m. Evaporator revenues reflect the lack of investment in the OLED display industry.


The half-year result cannot be extrapolated over the whole year due to increased seasonality with less than a third of the turnover recorded during the first half-year.

The gross margin for the first half of the year was € 2.5 million, or 27.5% of sales, down compared to the first half of 2020 given the contraction in sales.

Operating expenses are under control (+ € 0.1M) with an increase in R&D investments (€ 1.6M; + 46%), offset by the drop in commercial costs (-10%) and administrative (- 9%).

Current operating income amounted to € (1.9) million, down € 1.0 million compared to the first half of 2020.

Net income stood at (1.8) M € compared to (1.1) M € in the first half of 2020. It includes 0.2 M € of financial income and expenses, mainly related to the revaluation in euros of debts denominated in US dollars.

Cash flow and balance sheet

Cash at the end of June 2021 was positive at € 7.2 million, up € 1.1 million compared to June 30, 2020.

Shareholders’ equity at June 30, 2021 amounted to € 16.6 million compared to € 19.0 million at December 31, 2020. This change is linked to the half-year results and to the distribution of the sums deducted from the share premium to shareholders at title of 2020.

Order book

In the first half of 2021, the level of new orders recovered from the significant slowdown observed in 2020. The Company received two orders for production MBE systems and two orders for research MBE systems, while maintaining its growth in services and accessories.

As a result of this recovery, the order book was consolidated at € 17.4 million at June 30, 2021, with a limited contraction of 5% compared to June 30, 2020. MBE systems orders (€ 10.5 million ) include five systems to be delivered in 2021, while orders for services and accessories (€ 6.9 million) are growing by 21%. These order book figures do not include orders for an MBE 412 research machine and an MBE 6000 production machine announced in July and September 2021, respectively.

Outlook for 2021

In view of these elements, and without major disruption of the health and economic context, the Company forecasts annual sales of over € 30 million and operating income of € 1.2 million for 2021.

At the same time, the Company expects a further improvement in its orders during the second half of 2021, benefiting in particular from the investments made in the semiconductor industry as part of the post-Covid recovery plans.

With prospects for the coming years driven by IT innovations, the Company is pursuing its development strategy focused on consolidating its market share in systems, sustained growth in its service activities and expanding its portfolio of technologies and applications.

Next date: Third quarter 2021 sales on October 28, 2021 after market close

The condensed half-year consolidated financial statements have been subject to a limited review by the statutory auditors. The half-year financial report was approved by the Management Board and the Supervisory Board on September 28, 2021. It is available in French on the company’s website (

RIBER is the world market leader in MBE – molecular beam epitaxy equipment. It designs and manufactures MBE systems and evaporators for the semiconductor industry. It also provides technical and scientific support to its customers, ensuring the maintenance of their equipment and optimizing their performance and efficiency levels. Thanks to its high-tech equipment, RIBER plays an essential role in the development of advanced semiconductor systems that are used in many consumer applications, from information technology to 5G telecommunications networks, including OLED displays. and new generation solar cells.
RIBER is an innovative company with the BPI France label and listed on the Euronext Growth Paris market (ISIN: FR0000075954).