BE Semiconductor Industries : Besi Posts Strong Q3-2017 and YTD-17 Results
October 26, 2017 at 01:04 am EDT
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Duiven, the Netherlands, October 26, 2017 - 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 third quarter and nine months ended September 30, 2017.
Key Highlights Q3-17
Revenue of € 159.3 million, down 6.3% vs. Q2-17. Up 68.9% vs. Q3-16 due to more favorable industry conditions and customer build out of advanced packaging capacity
Orders of € 161.5 million, up 24.1% vs. Q2-17 due to increased demand for high-end computing and mobile applications. Up 107% vs. Q3-16 due to broad based growth across Besi's product portfolio for leading edge advanced packaging applications and increased market share
Gross margin of 58.7% up 1.4% vs. Q2-17 and 8.2% vs. Q3-16 primarily due to strong market position
Net income of € 52.9 million grew € 0.5 million or 1.0% vs. Q2-17. Up 219% (€ 36.3 million) vs. Q3-16 due to strong revenue growth, continued gross margin improvement and ongoing cost control efforts
Net margin rose to 33.2% vs. 30.8% in Q2-17. Up substantially vs. 17.6% in Q3-16
Net cash and deposits increased by € 33.5 million, or 25.4% year over year, to reach € 165.4 million
Key Highlights YTD-17
Revenue of € 439.5 million, up € 157.2 million (55.7%) vs. YTD-16 due to substantial build out of advanced packaging capacity for mobile, automotive, cloud server and memory applications
Orders of € 531.5 million, up € 249.1 million (88.2%), due to increased demand for Besi's assembly equipment portfolio, more favorable industry conditions and increased market share
Gross margin rose to 57.4% vs. 50.3%
YTD-17 net income of € 129.6 million grew € 81.0 million (+167%) exceeding full year 2016 by € 64.3 million (98.5%). Similarly, net margin expanded to 29.5% vs. 17.2% in YTD-16
Outlook
Q4-17 revenue estimated to decrease 0-10% vs. Q3-17 consistent with H2 seasonal trends. Q4-17 revenue and operating income to significantly exceed Q4-16 levels
To read the full version of our press release, please download the PDF file.
BE Semiconductor Industries NV published this content on 26 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2017 05:03:03 UTC.
Original documenthttps://www.besi.com/investor-relations/press-releases/details/besi-posts-strong-q3-2017-and-ytd-17-results/
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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 INDUSTRIES N.V. 
