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Riber — Earnings Release 2011
May 27, 2011
1629_iss_2011-05-27_bf48ddc3-b50f-44f4-b7ae-3738836d1328.pdf
Earnings Release
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RIBER presents its financial objectives for 2011-2015
Bezons, May 26th, 2011 –7 am – At its combined general meeting held today, RIBER, the global leader for molecular beam epitaxy (MBE), set out its objectives for the current year and presented its development plan for 2011-2015.
2011: double digit growth in business
Thanks to RIBER's portfolio of orders, it is able to forecast strong growth in its business over 2011. At April 30th, it represented €19.7 million (€9.2 million at the end of April 2010), including certain sales to be delivered after 2011.
In view of the current order book and the performance recorded over the first quarter, revenues are expected to climb to between €27 and €29 million for 2011, enabling RIBER to achieve a further improvement in its profitability.
2015: doubling revenues in relation to 2010
In the MBE Systems business, growth will be driven by the expansion of the commercial offer, made possible by the development of new dedicated systems for research institutes and the semiconductor industry, which is seeing an average annual growth rate of 8%.
The Services and Accessories business will continue to capitalize on the 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.
The diversification into the OLED (Organic LED) and thin-layer solar cell (CIGS technology) markets which look set for strong growth is also expected to support RIBER's sales and consolidate its position as a high value-added equipment manufacturer.
Looking ahead to 2015, RIBER is targeting €40 million in revenues (compared with €20.7 million in 2010).
About RIBER:
Riber designs and produces molecular beam epitaxy (MBE) systems as well as evaporation sources and cells for the semiconductor industry. This high-technology equipment is essential for the manufacturing of compound semiconductor materials and new materials that are used in numerous consumer applications, such as new information technologies, OLED flat screens and new generation solar cells.
Riber is listed on Euronext Paris Compartment "C" and is part of the CAC Small, CAC Mid & Small and CAC IT indexes.
ISIN: FR0000075954 Reuters code: RIBE.PA Bloomberg code: RIB: FP
Riber has been innovation certified by OSEO, the dedicated French innovation agency, enabling it to qualify for French innovation mutual funds (FCPI).
Your contacts:
RIBER Olivier Handschumacher tel: +33 1 39 96 65 00 [email protected]
CALYPTUS Cyril Combe tel: +33 1 53 65 68 68 cyril.combe@©alyptus.net