RIBER reports strong first-half earnings for 2024, anticipates revenues exceeding €40m for the full year.
From GlobeNewswire: 2024-09-25 02:00:00
RIBER, a global leader in semiconductor industry equipment, reported solid first-half earnings for 2024. Revenues rose by 13%, with a strong order book reaching €36.0m. Gross margin increased by 21%, and net profit was €0.2m. The company expects revenues to exceed €40m for the full year. Operating income improved, reaching breakeven.
During the first half of 2024, RIBER experienced strong business growth in the MBE market, with increased orders and revenues. System revenues reached €9.4m, up 10%, while services and accessories revenues rose 19% to €4.3m. The company’s solid performance reflects its position in the semiconductor industry.
Key developments for RIBER in the first half of 2024 included achieving a solid business growth despite an uncertain macroeconomic environment. The company saw an 18% increase in its order book by June 30, 2024, totaling €36.0m. RIBER expects further revenue growth and improved earnings for the full year.
The company’s cash position at the end of June 2024 was positive at €7.1m, while shareholders’ equity totaled €19.6m. Operating income reached breakeven, and net profit was €0.2m. The order book for 2024 showed strong performance, with system orders up 27% to €30.2m.
Looking ahead, RIBER anticipates revenues exceeding €40m for the full year, driven by current orders and opportunities in the semiconductor market. The company expects new orders in the fourth quarter of 2024. Next date for release: 2024 third-quarter revenues on October 30, 2024.
Read more at GlobeNewswire:: RIBER: 2024 first-half earnings