RIBER

Strong growth in 2023 full-year earnings - Seite 2

Alongside this, RIBER moved forward with its innovation efforts, including the release of the MBE 8000, a system specially designed to meet requirements for the mass production of EPI wafers, opening up new opportunities for the Company’s clients.

 

Revenues

Full-year revenues for 2023 increased to €39.3m, up +41% from 2022. Sales of MBE systems were up +96% to €29.0m for 13 machines delivered, compared with six in 2022. Sales of services and accessories were down -21% from a high basis for comparison to €10.3m, representing 26.2% of 2023 revenues.

 

Earnings

The gross margin was  €13.2m, up €2.3m, driven by business growth.

Operating income was €3.9m, representing 10.0% of revenues. It shows a significant improvement compared with the previous year, which included €1.3m of non-current expenses.

Net income totaled €3.4m, compared with €0.2m in 2022. In 2023, it included -€0.4m of financial income and expenses, linked primarily to the impact of the devaluation of the US dollar and the Yuan against the euro for the receivables denominated in these two currencies.

 

Cash flow and balance sheet

The cash position at end-2023 was positive at €9.7m, up +€3.6m from the end of 2022.

Shareholders’ equity totaled €21.2m, up +€2.4m compared with end-2022. This change is driven by  the earnings for the year 2023 and the distribution of amounts drawn against the issue premium for 2022 to shareholders.

 

Order book

The order book at December 31, 2023 represented €26.3m, down 12% year-on-year, including six MBE systems (€20.2m), as well as orders for services and accessories (€6.1m).

However, this order book does not include the robust new order intake level seen since the start of 2024, with five systems ordered to date. They include a major order for three production systems in Asia, announced on January 24, 2024, as well as two other orders for research systems, announced respectively on March 5 and 20, 2024.

 

Outlook

Given its current orders and the opportunities that will open up for its systems, services and accessories, RIBER expects further growth in revenues and earnings for 2024. The Company will provide full-year revenues forecast at the end of the first half of 2024.

 

Distribution of amounts drawn against the “issue premium” account

Illustrating its confidence in the Company’s outlook, the Executive Board will submit a proposal to shareholders at the General Meeting on June 19, 2024 to approve a cash payout based on reimbursing part of the issue premium for €0.07 per share. It will be released for payment on June 28, 2024.