news digest ♦ Power Electronics
showed a net charge of €0.2 million (compared with a €0.2 million reversal on June 30th, 2011), bringing the gross margin to € 2.8 million.
Operating income showed a loss of €1.2 million, compared with a €1.8 million profit for the first half of 2011. Consolidated net income represented a €1.0 million loss, compared with a net profit of €1.8 million on June 30th, 2011.
With around one third of revenues recorded during the first half of the year, but half of fixed costs, the earnings figures on June 30th cannot be extrapolated over the full year.
Cash totalled €6.0 million at June 30th, 2012, some €6.1 million less than December 2011, factoring in the half-year losses, the dividend paid out in June and the increase in inventories in anticipation of the production plan for the second half of the year.
Outlook for 2012
The order book at the end of August 2012 came to €22.3 million, 13 percent higher than the same period the previous year. The order book for MBE systems is up 40 percent over one year.
It includes one production system and 15 research systems, to be delivered between 2012 and 2013, which represents approximately one year`s business for this segment. These book figures do not include an order placed in September 2012 for a research system in India.
For cells and sources, the order book (€1 million at the end of August 2012) was down following the completion of investments in OLED production lines, as well as the difficulties faced by the photovoltaic sector as a result of the general economic environment. Riber is currently preparing a range of new generation cells with a view to the next waves of investments.
In view of these elements, 2012 revenues are expected to come in at between €26 and €28 million, enabling Riber to record a profit in 2012, with operating income representing 7 percent to 9 percent of its revenues, including an OSEO refundable advance debt write-off with positive impact on the second half of the year for €579,000.
Brolis making a speak at the awards ceremony
Guests at the ceremony included President of Lithuania, Dalia Grybauskaitė; former president of Lithuania, Valdas Adamkus; Prime Minister of Lithuania, Andrius Kubilius; Ambassador of Sweden to Lithuania, Cecilia Ruthström-Ruin; President and CEO of Swedbank Michael Wolf and President and CEO of Ncell, Pasi Ahti Yrjänä Koistinen.
The company, headquartered in Vilnius, was established in 2011 by Augustinas, Kristijonas and Dominykas Vizbaras who are brothers who specialise in long-wavelength semiconductor lasers and MBE.
Brolis wins semiconductor “Young Entrepreneur of the Year” award
The MBE specialist was awarded for its complex epitaxial structures based on arsenides and antimonides for the electronic and optoelectronic world market
Brolis Semiconductors has won the Young Entrepreneur of the Yearin the Swedish Business Awards 2012.
The award was presented at a special ceremony held in Vilnius Small Theatre.
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www.compoundsemiconductor.net October 2012
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