Key Highlights Q4-17

• Revenue of € 153.2 million, down 3.8% vs. Q3-17 and within guidance. Up 64.6% vs. Q4-16 due to improved industry conditions, increased demand for advanced packaging applications and market share gains
• Orders of € 149.4 million, down 7.5% vs. Q3-17 post large H1-17 capacity ramp and as per seasonal trends. Up 63.5% vs. Q4-16 as favorable demand trends continue
• Gross margin of 56.3% down 2.4 points vs. Q3-17 due primarily to adverse forex influences. Within guidance. Up 3.1 points vs. Q4-16 primarily due to strong market position and labor cost efficiencies
• Net income of € 43.6 million, down € 9.3 million vs. Q3-17 but up € 26.9 million (+161.1%) vs. Q4-16
• Net margin of 28.4% vs. 33.2% in Q3-17. Up substantially vs.18.0% in Q4-16
• Net cash and deposits grew to € 247.6 million, an increase of € 79.5 million (+47.3%) year over year

 

Key Highlights 2017/2016

• Revenue of € 592.8 million, up € 217.4 million (+57.9%) due primarily to industry upturn, substantial build-out of advanced packaging capacity by IDMs and market share gains
• Orders of € 680.9 million, up € 307.1 million (+82.2%)
• Gross margin rose to 57.1% vs. 51.0% in 2016
• Net income grew € 107.9 million (+165.2%) to reach € 173.2 million while net margins rose to 29.2% vs. 17.4%

Outlook

• Q1-18 revenue expected to range between +5% to -5% vs. Q4-17 but to increase by 32% to 46% vs. Q1-17 as favorable demand trends continue

 

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