Riber (ALRIB) Q2 2024 TU earnings summary

Executive summary

• Half-year revenues increased by 13% year-over-year to €13.7m, driven by both systems and services growth.

• Order book at end-June 2024 rose 18% year-over-year to €36.0m, reflecting strong demand in the compound semiconductor market.

Financial highlights

• Systems revenues reached €9.4m, up 10% compared to the first half of 2023, with 3 machines delivered versus 4 last year.

• Services and accessories revenues grew 19% year-over-year to €4.3m.

• Revenue distribution: Europe 28%, Asia 67%, North America 5%.

Outlook and guidance

• Further growth in revenues and earnings is expected for the full year, supported by current orders and new opportunities.

• Additional orders are anticipated in the second half of 2024, driven by ongoing innovation in the semiconductor market.