Key Highlights Q4-15

• Revenue of € 77.8 million, up 7.9% vs. Q3-15 primarily due to higher shipments for server, smart phone and solar applications. Down 12.6% vs. Q4-14 due to industry downturn.
• Orders of € 77.3 million up 3.2% vs. Q3-15 due primarily to increased demand for smart phone, mobile and automotive applications. Down 5.0% vs. Q4-14
• Gross margins of 50.0% up vs. 48.7% in Q3-15 and 43.8% in Q4-14 due to material cost efficiencies and forex benefits
• Operating expenses decreased by € 2.2 million (7.7%) sequentially continuing H2-15 downward quarterly trend. Up € 1.9 million vs. Q4-14
• Net income of € 9.7 million up € 3.4 million vs. Q3-15. Down € 10.0 million vs. Q4-14 (€ 1.3 million ex adjustments)
• Net cash increased by € 18.5 million (15.7%) year over year to reach € 136.5 million

 

Key Highlights 2015/2014

• Revenue of € 349.2 million down 7.8% vs. 2014 due primarily to decreased demand for smart phone and mainstream electronics applications after large 2014 capacity build
• Orders down 14.5% due to industry downturn partially offset by growth in TCB and die sorting orders
• Gross margins up 5.0% to 48.8%
• Net income of € 49.0 million down € 22.1 million vs. 2014 (€ 17.6 million ex adjustments)
• 2015 dividend of € 1.20 proposed for April AGM (includes € 0.20 special dividend)

 

Outlook

• Q1-16 revenue expected to be within a range of +5% to -5% vs. Q4-15. Sequential operating profit lower than Q4-15 due to expected Q1-16 product mix, forex movements and higher operating expenses

 

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