Besi believes that delays resulting from this weather event could cause its anticipated revenue for the fourth quarter of 2021 to decline by approximately 15-20% versus Q3-21 as compared to prior guidance of a decrease of 5-15%. The impact of the flooding will have minimal effect on Besi’s planned ramping of hybrid bonding system production scheduled for the first half of 2022.

First estimates of one-time costs associated with materials and labor necessary to repair or reproduce any systems affected are in the range of € 4-6 million and will be taken as a charge to fourth quarter 2021 earnings. Estimated costs to repair the affected building and production related equipment are not expected to exceed € 2 million.

In addition, Besi also announced that its orders for the fourth quarter of 2021 will approximate € 180-€ 190 million versus the € 157.3 million recorded in the fourth quarter of 2020. Current order strength reflects favorable demand trends for its advanced packaging portfolio in its traditionally weakest quarter of the year.  

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