Key Highlights Q2-15

• Revenue of € 104.3 million, up 9.9% vs. Q1-15 due primarily to increased die attach and packaging systems sales for automotive, high end server and Chinese handset applications. Down 10.2% vs. Q2-14 primarily as a result of lower die attach sales for high end smart phone applications
• Orders of € 91.9 million, down 11.8% vs. Q1-15 due to lower bookings for memory and smart phone applications. Down 26.0% vs. exceptionally strong Q2-14 as a result of large H1-14 smart phone capacity build
• Gross margins declined slightly to 47.9% vs. 48.2% in Q1-15 (ex-restructuring benefit) but were up strongly vs. 43.2% in Q2-14 due to increased forex benefits and materials and labor cost efficiencies
• Net income of € 15.5 million up 9.2% vs. € 14.2 million in Q1-15 (ex-restructuring benefit). Down € 7.4 million vs. Q2-14 due principally to increased TCB development costs and increased operating expenses from the rise of the CHF vs. euro
• Net cash increased by € 28.9 million (46.2%) year over year to reach € 91.4 million even after € 56.9 million Q2-15 cash dividend payment

 

Key Highlights H1-15

• Revenue of € 199.2 million, up 7.0% vs. H1-14 as a result of higher system sales for memory, high end server, automotive, China handset and solar plating applications
• Orders decreased by 16.7% vs. H1-14 primarily due to lower bookings for high end smart phone applications
• Gross margins increased to 48.4% vs. 42.9% in H1-14 due to higher revenue, increased foreign exchange benefits from decrease of euro vs. USD and material cost efficiencies
• Net income of € 33.0 million, up € 3.1 million vs. H1-14. H1-15 net income of € 29.8 million ex restructuring benefit

 

Outlook

• Q3-15 revenue anticipated to decrease 15-20% vs. Q2-15 reflecting seasonal H2 order trends and less favorable industry environment

 

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