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Press Releases

27 Feb 2014

2013 Profit Increases 2.2% vs. 2012. Q4-13 Revenue and Profit Exceed Expectations. Order Outlook Improving. Proposed 10% Dividend Increase

Duiven, the Netherlands, February 27, 2014 - 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 fourth quarter and year ended December 31, 2013.

Key Highlights Q4-13

  • Revenue of € 53.1 million down 18.9% vs. Q3-13 but exceeds guidance. Down 5.8% vs. Q4-12
  • Orders up 18.8% vs. Q3-13 and 10.0% vs. Q4-12 due to growth in packaging and plating systems
  • Net income of € 1.4 million vs. € 4.4 million in Q3-13 due to lower revenue and € 2.0 million non-recurring charge. Profit up € 0.2 million vs. Q4-12 despite lower revenue and non-recurring charge

 

Key Highlights FY 2013

  • Revenue of € 254.9 million, down 6.9% vs. FY 2012 due primarily to lower sales of die attach systems for high end smart phones not fully offset by increased sales for low-end/mid-range applications
  • Net income up 2.2% vs. 2012 to € 16.1 million. Net margins improved from 5.8% to 6.3% due to reduced headcount, lower overhead levels and a lower effective tax rate
  • Proposed dividend of € 0.33 for FY 2013. Up 10.0% from 2012

 

Outlook

  • Q1-14 revenue up 25-30% vs. Q4-13 reflecting improved industry outlook. Anticipate Q1-14 sequential quarterly order increase. Cautiously optimistic about 2014 industry prospects

 

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

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