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Strong growth in 2010 full-year earnings Favorable outlook

28th March 2011

Riber

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RIBER, the global leader for molecular beam epitaxy (MBE), recorded strong growth in net income over 2010 compared with 2009. In view of its earnings for 2010 and the dynamic development they reflect, RIBER is confident that it will be able to achieve a further year of growth and improve on its performances in 2011.

2010 revenues came to €20.7 million, compared with €17.4 million in 2009, with this growth driven by a 10% increase in the MBE systems business, reflecting the upturn in demand from compound semiconductor industrial firms. It has been supported by the strong development of the services and accessories business (+38%), as well as the higher level of evaporation source and cell sales (+24%), confirming the relevance of the strategy to diversify into the strongly-growing OLED (Organic LED) and thin-layer solar cell (CIGS technology) markets.

The gross margin before changes in provisions for inventories came to €7.8 million, representing 38% of revenues, compared with 33% the previous year, factoring in the increase in productivity and the improvement in the product mix. Consolidated net income rose to €1.8 million (8.7% of revenues), improving by €1.4 million in relation to 2009.

INCREASE IN THE CASH POSITION At December 31st, 2010, RIBER's financial structure shows €22.8 million in shareholders' equity, coming in higher than 2009. Net cash (after deducting recoverable advances) totaled €9.6 million, an increase of 71% in relation to December 31st, 2009.