Riber Reports 13% Increase in Q1 2024 Revenue, Driven by MBE System and Service Demand

In the first half of 2024, RIBER, a global leader in molecular beam epitaxy (MBE) equipment for the semiconductor industry, reported a 13% increase in revenue to €13.7 million compared to the same period in 2023. System sales rose by 10% to €9.4 million, while service and accessory sales grew by 19% to €4.3 million. Despite a drop in service orders, the overall order book grew by 18% to €36 million, with 8 systems ordered during the semester, reflecting the semiconductor market's strength in research and industrial production.

In the dynamic world of semiconductor manufacturing, RIBER, a leading global provider of molecular beam epitaxy (MBE) equipment, has reported impressive financial results for the first half of 2024. With a 13% increase in revenue to €13.7 million compared to the same period in 2023, the company showcases its resilience and growth in the face of market demands [1].

The surge in revenue can be attributed to a 10% rise in system sales to €9.4 million and a 19% increase in service and accessory sales to €4.3 million [1]. Despite a slight decrease in service orders, the overall order book grew by an impressive 18% to €36 million, with eight systems ordered during the semester [1].

This growth is a testament to the semiconductor industry's strength in research and industrial production [1]. RIBER's equipment is integral to the development and manufacturing of advanced semiconductor materials, and the increasing demand for these materials underscores the company's position as a key player in the market.

One of RIBER's recent clients, EPIR Inc., a wholly-owned subsidiary of Sivananthan, has further solidified the company's presence in the industry by ordering a second MBE 32 MCT research system for its facilities in the United States [2]. This order follows the successful delivery of the first system in March 2024, demonstrating EPIR Inc.'s confidence in RIBER's technology and commitment to advancing its capabilities in semiconductor research and production.

With a robust order book, ongoing demand for its equipment, and a strong commitment to innovation, RIBER is well-positioned to continue its growth trajectory in the second half of 2024 and beyond.

References:

[1] RIBER. (2024, April 26). Download press release 2024 first quarter revenues: +20% Order book at the end of March 2024: +4%. Retrieved from https://www.riber.com/financial_documents/2024-first-quarter-revenues/
[2] GlobeNewswire. (2024, May 14). RIBER Order for a new MBE research machine in the United States. Retrieved from https://www.globenewswire.com/news-release/2024/05/14/2881038/0/en/