BE SEMICONDUCTOR : Besi Reports Q4-15 Revenue and Net Income of € 77.8 Million and € 9.7 Million Annual Revenue and Net Income of € 349.2 Million and € 49.0 Million Net Cash Position Increases to € 136.5 Million. Proposed 2015 Dividend of € 1.20 per Share
February 25, 2016 at 01:21 am EST
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Duiven, the Netherlands, February 25, 2016 - 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 fourth quarter and year ended December 31, 2015.
Key Highlights Q4-15
Revenue of € 77.8 million, up 7.9% vs. Q3-15 primarily due to higher shipments for server, smart phone and solar applications. Down 12.6% vs. Q4-14 due to industry downturn.
Orders of € 77.3 million up 3.2% vs. Q3-15 due primarily to increased demand for smart phone, mobile and automotive applications. Down 5.0% vs. Q4-14
Gross margins of 50.0% up vs. 48.7% in Q3-15 and 43.8% in Q4-14 due to material cost efficiencies and forex benefits
Operating expenses decreased by € 2.2 million (7.7%) sequentially continuing H2-15 downward quarterly trend. Up € 1.9 million vs. Q4-14
Net income of € 9.7 million up € 3.4 million vs. Q3-15. Down € 10.0 million vs. Q4-14 (€ 1.3 million ex adjustments)
Net cash increased by € 18.5 million (15.7%) year over year to reach € 136.5 million
Key Highlights 2015/2014
Revenue of € 349.2 million down 7.8% vs. 2014 due primarily to decreased demand for smart phone and mainstream electronics applications after large 2014 capacity build
Orders down 14.5% due to industry downturn partially offset by growth in TCB and die sorting orders
Gross margins up 5.0% to 48.8%
Net income of € 49.0 million down € 22.1 million vs. 2014 (€ 17.6 million ex adjustments)
2015 dividend of € 1.20 proposed for April AGM (includes € 0.20 special dividend)
Outlook
Q1-16 revenue expected to be within a range of +5% to -5% vs. Q4-15. Sequential operating profit lower than Q4-15 due to expected Q1-16 product mix, forex movements and higher operating expenses
To read the full version of our press release, please download the PDF file.
BE Semiconductor Industries NV issued this content on 25 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2016 06:20:22 UTC
Original Document: http://www.besi.com/investor-relations/press-releases/details/besi-reports-q4-15-revenue-and-net-income-of-EUR-778-million-and-EUR-97-million-annual-revenue-an/
BE Semiconductor Industries N.V. (Besi) specializes in the design, manufacturing and marketing of semiconductor assembly equipment for the global semiconductor and electronics industries. The group develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile Internet, computer, automotive, industrial, RFID, LED and solar energy.
Net sales are distributed geographically as follows: Ireland (7.5%), Europe (8.2%), China (35.5%), Malaysia (8.4%), Korea (7.3%), Taiwan (6.5%), Thailand ( 3.6%), Asia/Pacific (11.8%), United States (8.8%) and other (2.4%).
BE SEMICONDUCTOR : Besi Reports Q4-15 Revenue and Net Income of € 77.8 Million and € 9.7 Million Annual Revenue and Net Income of € 349.2 Million and € 49.0 Million Net Cash Position Increases to € 136.5 Million. Proposed 2015 Dividend of € 1.20 per Share
BE SEMICONDUCTOR INDUSTRIES N.V. 
