Corporate News 5 Mar 2013 Besi's Q4-12 Results Exceed Expectations. Outlook Improves for Q1-13. € 0.30 Dividend Proposed

Duiven, the Netherlands, March 5, 2013 - 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 fourth quarter and year ended December 31, 2012.

Key Highlights FY 2012

  • Revenue of € 273.7 million in volatile market; down 16.3% vs. 2011 as mid-year industry correction affects growth
  • Gross margins stable at 40.0% (ex restructuring) despite revenue decline primarily due to reduction in European production personnel and related costs
  • Net income of € 15.8 million (€ 0.42 per share) vs. € 26.4 million (€ 0.73 per share) in 2011
  • Cash position expands. Net cash up € 16.8 million to € 79.5 million year over year
  • Dividend proposal of € 0.30 per share, of which € 0.08 represents special dividend for 2012 in recognition of the strong cash development in 2012

Key Highlights Q4-12

  • Revenue of € 56.3 million down 24.5% vs. Q3-12 but better than guidance. Down 20.0% vs. Q4-11
  • Orders of € 52.0 million up 6.8% vs. Q3-12 and down 5.8% vs. Q4-11
  • Gross margins of 37.7% (ex restructuring) vs. 40.3% in Q3-12 (38.4% in Q4-11) primarily due to lower shipments partially offset by European personnel reduction. At high end of guidance
  • Operating expenses (ex restructuring) down 5.3% vs. Q3-12 and 11.9% vs. Q4-11. Lower than prior guidance
  • Net income of € 1.2 million in Q4-12 vs. € 4.3 million in Q3-12 and € 3.2 million in Q4-11

For the full version of the press release, please download the PDF file

distributed by