Key Highlights

• Revenue of € 70.0 million up 31.9% vs. Q4-13 and 9.3% vs. Q1-13. Exceeds guidance
• Gross margins increase to 42.3% vs. 40.1% in Q4-13 and 39.6% in Q1-13
• Orders up 94.2% vs. Q4-13 and 74.0% vs. Q1-13. Strength in flip chip, TCB and multi module die attach and ultra-thin molding systems for smart phones, tablets and automotive applications
• Net income of € 7.0 million vs. € 1.4 million in Q4-13 and € 3.8 million in Q1-13 due primarily to revenue growth, higher gross margins and cost control efforts
• Net margin reached 10.0% in Q1-14 vs. 5.9% in Q1-13 reflecting increased profitability of Besi's business model

 

Outlook

• Q2-14 revenue up 40-50% vs. Q1-14 reflecting improved industry outlook. Significant sequential profit growth anticipated due to strong revenue development and margin expansion

 

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