Riber

2020 full-year earnings positive in a difficult environment

Press release

2020 full-year earnings positive in a difficult environment

• Solid revenues, with 25% sales growth for services and accessories
• Gross margin up 0.5 points
• Positive net income of €0.3m
• €8m of cash at end-2020

Bezons, April 26, 2021 - 5:45pm - RIBER, the global leader for molecular beam epitaxy (MBE) equipment serving the semiconductor industry, is releasing its full-year earnings for 2020.

(€m - at December 31)	2020	2019	Change
Revenues	30.2	33.5	-10%
MBE systems revenues	18.2	23.0	-21%
Evaporators revenues	0.3	1.1	-68%
Services and accessories revenues	11.7	9.4	+25%
Gross margin % of revenues	9.1 30.1%	9.9 29.6%	-€0.8m
Operating income % of revenues	0.7 2.3%	0.9 2.7%	-€0.2m
Net income % of revenues	0.3 0.9%	1.1 3.4%	-€0.8m

Covid-19

The health crisis and the lockdown measures introduced by governments in most countries have deeply affected the Company’s business and limited travel to visit Asian clients to finalize their machine installations, resulting in revenues being deferred.
Since the start of the health crisis, the Company has focused in priority on protecting its employees and the continuity of its activities, by putting in place measures to safeguard employees’ health and deploying digital tools to continue to serve its clients worldwide even more effectively.

Revenues

2020 full-year revenues came to €30.2m, with a limited contraction of just 10% compared with 2019. Despite the operational difficulties resulting from the Covid-19 pandemic, the Company was able to respect its production plan, thanks to its adapted organization, and deliver to its clients within the timeframes set. MBE system sales showed a good level of resilience, with 10 machines delivered, versus 12 in 2019. The evaporator market remained sluggish due to the current lack of investment in the OLED screen industry. In line with the strategy rolled out by the Company, sales of services and accessories further strengthened their organic growth (+25%) to reach a record level of €11.7m in 2020, despite the export licenses rejected in December for €1.7m.