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Press Releases
30 Apr 2014
Q1-14 Profit and Orders Up 87% and 74% vs. Q1-13. Strong Demand for Advanced Packaging Systems in Smart Phone, Tablet and Automotive Applications
Duiven, the Netherlands, April 30, 2014 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (NYSE Euronext: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the first quarter ended March 31, 2014.
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