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26 Oct 2017

Besi Posts Strong Q3-2017 and YTD-17 Results

Duiven, the Netherlands, October 26, 2017 - BE Semiconductor Industries N.V. (the “Company" or "Besi") (Euronext Amsterdam: BESI; OTC markets: BESIY, Nasdaq International Designation), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2017.

Key Highlights Q3-17
  • Revenue of € 159.3 million, down 6.3% vs. Q2-17. Up 68.9% vs. Q3-16 due to more favorable industry conditions and customer build out of advanced packaging capacity
  • Orders of € 161.5 million, up 24.1% vs. Q2-17 due to increased demand for high-end computing and mobile applications. Up 107% vs. Q3-16 due to broad based growth across Besi's product portfolio for leading edge advanced packaging applications and increased market share
  • Gross margin of 58.7% up 1.4% vs. Q2-17 and 8.2% vs. Q3-16 primarily due to strong market position
  • Net income of € 52.9 million grew € 0.5 million or 1.0% vs. Q2-17. Up 219% (€ 36.3 million) vs. Q3-16 due to strong revenue growth, continued gross margin improvement and ongoing cost control efforts
  • Net margin rose to 33.2% vs. 30.8% in Q2-17. Up substantially vs. 17.6% in Q3-16
  • Net cash and deposits increased by € 33.5 million, or 25.4% year over year, to reach € 165.4 million

 

Key Highlights YTD-17
  • Revenue of € 439.5 million, up € 157.2 million (55.7%) vs. YTD-16 due to substantial build out of advanced packaging capacity for mobile, automotive, cloud server and memory applications
  • Orders of € 531.5 million, up € 249.1 million (88.2%), due to increased demand for Besi's assembly equipment portfolio, more favorable industry conditions and increased market share
  • Gross margin rose to 57.4% vs. 50.3%
  • YTD-17 net income of € 129.6 million grew € 81.0 million (+167%) exceeding full year 2016 by € 64.3 million (98.5%). Similarly, net margin expanded to 29.5% vs. 17.2% in YTD-16

 

Outlook
  • Q4-17 revenue estimated to decrease 0-10% vs. Q3-17 consistent with H2 seasonal trends. Q4-17 revenue and operating income to significantly exceed Q4-16 levels


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

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Investor Relations Besi

Tel: +31 26 319 4500

investor.relations@remove-mebesi.com

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