Riber: the title rises after an order in Germany


(CercleFinance.com) – Riber shares recorded one of the best performances on the Paris market Monday morning on the Paris Stock Exchange following the receipt of a new order, which confirms the group’s commercial dynamism.

Around 9:40 a.m., the stock gained almost 4% in volumes already one and a half times higher than their daily average of the last four sessions. At the same time, the CAC Mid & Small is perfectly stable.

In a press release published in the morning, the equipment manufacturer for the semiconductor industry announced that it had received an order from the German company Innolume for a molecular beam epitaxy (MBE) production system.

Innolume – which manufactures high-performance quantum dot lasers – plans to use the MBE 49 machine to strengthen its production capacity and support its growth, particularly in the ‘cloud’ market.

Riber specifies that the contract must be accompanied by an order for services and accessories aimed at modernizing an existing machine with a view to increasing its productivity with the integration of new solutions.

This order – which will be delivered in 2024 – illustrates according to Riber the effects of the recovery plans currently implemented in the semiconductor industry in Europe.

Riber shares increased by 11.4% in 2023, thus outperforming a CAC Mid & Small index which fell over the whole year.

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