ASM INTERNATIONAL REPORTS FOURTH QUARTER 2008 AND FULL YEAR 2008 OPERATING RESULTS
ALMERE, THE NETHERLANDS, February 25, 2009 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its fourth quarter 2008 and full year 2008 operating results in accordance with US GAAP.
• Full year 2008 net sales of EUR 747.4 million, down 22% from the full year 2007. Sales from our Front-end segment were down 34% and sales from our Back-end segment were down 11%.
• Full year 2008 net earnings EUR 18.4 million, or EUR 0.35 diluted net earnings per share, as compared to EUR 61.0 million for the full year 2007, or EUR 1.06 diluted net earnings per share.
• Full year 2008 bookings of EUR 637.7 million, down 31% from the full year 2007.
• Both our Front-end and Back-end segments achieved positive cash flows from operations in the full year 2008.
• Net sales in the fourth quarter of 2008 were EUR 150.9 million, down 21% from the third quarter of 2008 and down 36% from the fourth quarter of 2007.
• Net loss in the fourth quarter of 2008 was EUR 6.2 million, or EUR 0.12 net loss per share, as compared to net earnings of EUR 2.4 million, or EUR 0.05 diluted net earnings per share for the third quarter of 2008 and net earnings of EUR 19.1 million, or EUR 0.33 diluted net earnings per share for the fourth quarter of 2007.
• Full year 2008 and fourth quarter 2008 net earnings were impacted by EUR 3.9 million write-off on RTP inventory and EUR 7.1 million impairment charges on fixed assets of ASM Europe in the Netherlands, related to the restructuring as announced in January 2009. Furthermore full year 2008 was impacted by EUR 1.4 million impairment of goodwill in the second quarter 2008.
• Bookings in the fourth quarter of 2008 were EUR 80.9 million, down 54% from the third quarter of 2008. Bookings from our Front-end segment were down 20% and bookings from our Back-end segment were down 73%. Year-end backlog was EUR 90.7 million, down 44% from the end of the previous quarter.