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26 Jul 2012

Besi Reports 55.9% Sequential Revenue Increase and € 10.0 Million Net Profit in Q2-12. Results Exceed Expectations

Duiven, the Netherlands, July 26, 2012 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (NYSE Euronext: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the second quarter ended June 30, 2012.

Key Highlights

  • Revenue of € 87.0 million up 55.9% vs. Q1-12 and above prior guidance. Down 3.2% vs. Q2-11
  • Orders rose 8.2% to € 91.1 million vs. Q1-12 continuing positive trend. Up 10.4% vs. Q2-11. Particular strength in packaging and die bonding bookings by Asian subcontractors for advanced packaging applications
  • Gross margins increase to 41.5% vs. 39.4% in Q1-12 (41.2% Q2-11) due to improved die attach and packaging gross margins and benefit of higher US dollar vs. euro and Swiss franc. Exceeds guidance
  • Net income increases to € 10.0 million in Q2-12 vs. € 0.2 million in Q1-12 (€ 8.8 million in Q2-11) due primarily to higher sales, improved gross margins and operating leverage resulting from cost control efforts

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

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