Navigatie is gesloten

Events & Shows

29 Apr 2022

BE Semiconductor Industries N.V. Announces Q1-22 Results

Q1-22 Revenue of € 202.4 Million and Net Income of € 67.5 Million Up 41.3% and 79.5%, Respectively, vs. Q1-21. Orders of € 204.8 Million Include Follow-On Hybrid Bonding Orders. Quarterly Share Repurchases Increased from € 15 to € 25 Million

Duiven, the Netherlands, April 29, 2022 - BE Semiconductor Industries N.V. (the “Company" or "Besi") (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the first quarter ended March 31, 2022.

Key Highlights

  • Revenue of € 202.4 million, up 17.9% vs. Q4-21 primarily due to increased shipments for HPC applications including datacenter, advanced logic and hybrid bonding. At high end of prior guidance. Up 41.3% vs. Q1-21 due to increased demand for HPC and automotive applications

  • Orders of € 204.8 million rose 1.1% vs. Q4-21 due to increased demand for HPC applications, including follow-on hybrid bonding orders. Down 37.4% vs. Q1-21 due to reduced demand for high-end mobile applications post 2021 new product cycle and lower demand by Chinese subcontractors for mobile and mainstream electronics applications

  • Gross margin of 60.1% rose 3.4 points vs. Q4-21 due to absence of inventory charge recorded in Q4-21 and by 1.9 points vs. Q1-21 due to production efficiencies related to higher revenue levels

  • Operating income grew 21.6% and 68.8% vs. Q4-21 and Q1-21, respectively, while operating margins rose to 40.4% vs. 39.1% and 33.8% in each of Q4-21 and Q1-21, reflecting solid business execution

  • Net income of € 67.5 million rose by 0.6% vs. Q4-21 and by 79.5% vs. Q1-21. Excluding share-based compensation, tax benefits and Q4-21 impairment charge, profit grew by 13.9% vs. Q4-21 and by 59.3% vs. Q1-21. Adjusted net margin of 37.3% in Q1-22 rose strongly vs. 33.1% realized in Q1-21.

  • Cash and deposits of € 696.6 million and net cash of € 407.0 continued to expand, rising 15.0% and 88.3%, respectively, vs. Q1-21


  • Q2-22 revenue expected to rise ~10% (+/- 5%) vs. Q1-22. Gross margin to range between 59%-61%. Opex expected to decline ~0-5% vs. Q1-22


To read the full version of our press release, please download the PDF file.

Back to overview
Back To Top