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Press Releases

30 Oct 2014

Besi Posts Strong Q3-14 and Nine Month 2014 Results. Q3-14 Profit Exceeds Expectations

Duiven, the Netherlands, October 30, 2014 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (Euronext Amsterdam: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter ended September 30, 2014.

Key Highlights Q3-14

  • Revenue of € 103.5 million, down 10.9% vs. seasonal Q2-14 peak but up 58.3% vs. Q3-13 as strategic positioning in advanced packaging for leading smart phone and automotive supply chains aids growth
  • Orders of € 90.9 million, down 26.8% vs. Q2-14 but up 88.7% vs. Q3-13 as advanced mobile, tablet and automotive applications continue to drive demand in volatile market
  • Gross margins increase to 45.3% vs. 43.2% in Q2-14 due primarily to a more favorable product mix. Up significantly vs. 39.2% in Q3-13
  • Net income of € 21.5 million, down slightly vs. Q2-14 due to sequential revenue decrease. Up € 17.1 million vs. Q3-13 due to revenue growth, gross margin expansion and cost controls
  • Net margins reach 20.8% in Q3-14 vs. 19.7% in Q2-14 and 6.8% in Q3-13 illustrating increased profit potential of business model

 

Key Highlights YTD-14

  • Revenue of € 289.8 million, up 43.5% vs. nine months 2013. Growth across product portfolio with particular demand for multi module and flip chip die attach systems and ultra-thin molding systems
  • Order growth of 67.5% vs. nine months 2013 reflects customer capacity expansion, new device introductions and market share gains in advanced packaging applications
  • Gross margins reach 43.8% vs. 39.8% in nine months 2013
  • Net income of € 51.4 million, up € 36.7 million vs. nine months 2013. Net margins increase to 17.7% vs. 7.3%

 

Outlook

  • Q4-14 revenue up 65-70% vs. Q4-13 reflecting continued strength in advanced packaging and market share gains. Down 12-18% vs. Q3-14 reflecting seasonal trends and volatile market conditions

 

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

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