Riber (ALRIB) H1 2024 earnings summary

Executive summary

• Achieved 13% year-over-year revenue growth in H1 2024, reaching €13.7m.

• Gross margin increased by 21% to €4.8m, with margin rate up 2.5 points to 34.8%.

• Operating income reached breakeven, improving by €1.1m from H1 2023.

• Net profit of €0.2m, reversing a €1.2m loss in H1 2023.

• Order book grew 18% year-over-year to €36.0m at June 30, 2024.

Financial highlights

• Systems revenues rose 10% to €9.4m; services and accessories up 19% to €4.3m.

• Cash position at June 2024 was €7.1m, down from €9.7m at December 2023.

• Shareholders' equity at June 2024 was €19.6m, down from €21.2m at December 2023.

• Net financial income contributed €0.2m to net profit.

Outlook and guidance

• Full-year 2024 revenues expected to exceed €40m, with further earnings growth anticipated.

• New orders anticipated in Q4 2024, driven by innovation in the semiconductor market.