Key Highlights

• Revenue of € 64.0 million up 13.7% vs. Q4-12 and 14.8% vs. Q1-12. Above guidance due primarily to strength in epoxy and flip chip die attach systems for smart phone and tablet applications
• Orders increased to € 63.9 million (+22.8% vs. Q4-12) due primarily to increased demand for epoxy, flip chip and multi module die attach systems for smart phone and tablet applications. Down 24.2% vs. Q1-12
• Gross margins rose to 39.6% from 36.4% in Q4-12 (37.7% ex restructuring) due to higher volume, favorable customer and product mix and lower European production overhead. Above guidance. Up vs. 39.4% in Q1-12
• Pre-tax income increased to € 4.9 million in Q1-13. Up € 7.5 million vs. Q4-12 and € 3.4 million vs. Q1-12
• Net income grew to € 3.8 million in Q1-13 vs. € 1.2 million in Q4-12 and € 0.2 million in Q1-12

 

Outlook

• Approximately 10% sequential revenue growth and increased operating profit forecast for Q2-13

 

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