RIBER

2023 FIRST-HALF EARNINGS - Seite 2

 

Operating income improved by €1.0 million to €(1.1) million.

 

Net income came to €(1.2)m, compared with €(1.6)m for the first half of 2022, which included positive financial income of €0.6m.

 

 

 

Cash flow and balance sheet

 

The cash position at end-June 2023 was positive at €8.3m, up €2.3m from December 31, 2022.

 

After taking into account half-year earnings, shareholders’ equity at June 30, 2023 totaled €17.5m, compared with €18.8m at December 31, 2022.

 

Order book at June 30, 2023

 

The order book at June 30, 2023 totaled €30.5m, stable compared with June 30, 2022. System orders (€23.7m; +3%) include 9 machines, including 4 production machines, while orders for services and accessories (€6.7m) are down -11%.

This order book does not include the orders announced in August 2023 for 1 production machine.

 

Outlook

 

The outlook for 2023 remains unchanged and the company aims to achieve full-year revenues of around €40m, considering the machines to be delivered by the end of the year.

 

In a buoyant semiconductor market, new system orders are expected to remain strong over the end of the year.

 

Changes in corporate governance.

 

At the Supervisory Board meeting held on September 19, 2023, Mr. Christian Dupont resigned from the Company’s Executive Board with immediate effect. Consequently, in accordance with the Company's bylaws, Mrs Annie Geoffroy, after resigning as Chairwoman of the Supervisory Board, has been appointed Chairwoman of the Executive Board.

 

Her experience as general manager of industrial companies, as well as her deep knowledge of the Company and its strategy, are solid assets for optimizing the Company's operations, which are essential for achieving short-term objectives and developing value-creating leverages over the long term. She will also contribute to build the Company's future by identifying candidates to strengthen the Executive Board.

 

Following this appointment, the Company's Executive Board now comprises three members: Mrs. Annie Geoffroy, Mr. Michel Picault and Mr. Emmanuel Routier.

 

At the same time, the Supervisory Board has appointed Sylviane Troadec as Chairwoman of the Company's Supervisory Board. Her experience of industrial issues and her CSR expertise will help strengthen the Company's CSR strategy.