ASM INTERNATIONAL : N.V. REPORT FIRST QUARTER 2012 OPERATING RESULTS
04/25/2012| 01:37am US/Eastern
Recommend:
ALMERE, The Netherlands
Highlights
-
Net sales for the first quarter 2012 were EUR 311
million, a decrease of 12% quarter-to-quarter and 28%
year-on-year. Net sales of our Front-end segment
decreased 17% quarter-to-quarter while Back-end sales
decreased by 9%.
-
Result from operations for Q1 2012 was EUR 22 million.
Result from operations in Q4 2011 was EUR 27 million
(including special items EUR 19 million) while the first
quarter of 2011 showed a profit of EUR 94 million.
-
The Front-end segment's operating profit was EUR
2.9 million compared to EUR 9.5 million
quarter-to-quarter. Q1 2011 showed an operating
profit of EUR 18.7 million;
-
The Back-end segment operating profit was EUR 19.0
compared to EUR 17.7 million (including special items
EUR 9.5 million). The first quarter of 2011 showed an
operating profit of EUR 75.0 million.
-
First quarter 2012 net earnings were EUR 6 million
compared to net earnings of EUR 15 million for the fourth
quarter of 2011 (EUR 30 million excluding special items)
and EUR 40 million for the first quarter of 2011 (EUR 45
million excluding special items).
-
Book to bill in the first quarter was 1.2. For the
Front-end the book to bill was 0.8 and for the Back-end
segment 1.3. The Backlog increased from Euro 331 million
at the end of the fourth quarter 2011 to EUR 373 million
per March 31, 2012.
Comment
Commenting on the results, Chuck del Prado, President and
Chief Executive Officer of ASM International, said:
"While sales showed a decrease in Q1 as compared to the
previous quarter, order intake for the company improved. For
the first time since early 2011 we again recorded a book to
bill ratio above 1. This is especially related to the
Back-end operations where we saw, after Chinese New year, a
strong increase in the activity level. The Q1-results, both
in Front-end and Back-end reflect the lower sales level
whereby our Front-end results were also impacted by
efficiency issues. These efficiency issues are currently
being addressed and expected to show clear improvements in
the second half of the year".
Outlook
In the current quarter we expect our Front-end segment to
show a single digit sales decrease and a strong order intake.
In our Back-end segment we foresee, based upon the current
backlog, a sales increase in the current quarter.
About ASM International
ASM International N.V., headquartered in Almere, the
Netherlands, and its subsidiaries design and manufacture
equipment and materials used to produce semiconductor
devices. ASM International and its subsidiaries provide
production solutions for wafer processing (Front-end segment)
as well as assembly and packaging (Back-end segment) through
facilities in the United States, Europe, Japan and Asia. ASM
International's common stock trades on NASDAQ (symbol
ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM).
For more information, visit ASMI's website at
www.asm.com.
Safe Harbor Statement under the U.S. Private Securities
Litigation Reform Act of 1995: All matters discussed in this
statement, except for any historical data, are
forward-looking statements. Forward-looking statements
involve risks and uncertainties that could cause actual
results to differ materially from those in the
forward-looking statements. These include, but are not
limited to, economic conditions and trends in the
semiconductor industry generally and the timing of the
industry cycles specifically, currency fluctuations,
corporate transactions, financing and liquidity matters, the
success of restructurings, the timing of significant orders,
market acceptance of new products, competitive factors,
litigation involving intellectual property, shareholder and
other issues, commercial and economic disruption due to
natural disasters, terrorist activity, armed conflict or
political instability, epidemics and other risks indicated in
the Company's filings from time to time with the U.S.
Securities and Exchange Commission, including, but not
limited to, the Company's reports on Form 20-F and Form
6-K. The Company assumes no obligation to update or revise
any forward-looking statements to reflect future developments
or circumstances.
The teleconference dial-in numbers are as follows:
-
United States: +1 212 444 0896
-
International: + 44 (0)20 7784 1036
-
Access Code: 3259204
A simultaneous audio web cast will be accessible at www.asm.com.
The teleconference will be available for replay, beginning
one hour after completion of the live broadcast, through May
25, 2012.
The replay dial-in numbers are:
-
United States: +1 347 366 9565
-
International: + 44 (0)20 7111 1244
-
Access Code: 3259204#
Investor Relations:
Erik Kamerbeek
+31 88 100 8500
Erik.Kamerbeek@asm.com
Mary Jo Dieckhaus
+1 212 986 2900
MaryJo.Dieckhaus@asm.com
Media Contacts:
Ian Bickerton
+31 20 6855 955
+31 62501 8512
distributed by
|
|
Recommend :
