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31 Jul 2013

Besi Reports 72.5% Net Income and 29.5% Order Increase in Q2-13 vs. Q1-13. Results Exceed Expectations

Duiven, the Netherlands, July 31, 2013 - 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, 2013.

Key Highlights Q2-13
  • Revenue of € 72.4 million up 13.1% vs. Q1-13 primarily due to higher purchases by Asian subcontractors for smart phone and tablet applications. Down 16.8% vs. Q2-12 due to lower demand for high end smart phones
  • Orders up 29.5% vs. Q1-13 to € 82.7 million due primarily to increased demand for die attach and molding systems for smart phone and tablet applications. Down 9.3% vs. Q2-12
  • Gross margins rose to 40.4% from 39.6% in Q2-13 due to higher volume combined with stable production overhead. Down vs. 41.5% in Q2-12
  • Net income rose to € 6.5 million in Q2-13 vs. € 3.8 million in Q1-13. Down € 3.5 million vs. Q2-12

 

Key Highlights H1-13
  • Revenue of € 136.5 million, down 4.4% vs. H1-12
  • Net income of € 10.3 million, up slightly vs. € 10.2 million in H1-12

 

Outlook
  • Sound financial performance anticipated in Q3-13. Revenue flat to down 10% vs. Q2-13 reflecting mixed near term industry picture. Cautiously optimistic about industry prospects for 2014

 

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

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