BE Semiconductor Industries N.V. Announces Trading Update
06 April 2021 - 3:54PM
BE Semiconductor Industries N.V. (“the Company” or "Besi"),
(Euronext Amsterdam: BESI; OTC: BESIY, Nasdaq International
Designation), a leading manufacturer of assembly equipment for the
semiconductor industry, today provided a trading update for the
first quarter ended March 31, 2021.
Orders for Q1-21 reached a record of € 327
million, an increase of € 170 million, or 108%, versus the
€ 157.3 million recorded in Q4-20 and an increase of
€ 208 million, or 176%, versus Q1-20. For the six-month period
ending March 31, 2021, orders aggregated € 484 million, an increase
of 121% versus the comparable six-month period comprising Q4-19 and
Q1-20.
Order strength in Q1-21 reflected a surge in
demand across all Besi’s product groups and end user markets. There
was particular strength in demand for high end smart phone
applications associated with new product introductions offering 5G
enhanced features and functionality. In addition, there was
significant order growth for automotive applications versus Q4-20
and increased demand for high end logic devices used in high
performance computing applications such as AI and data centers.
Bookings during the quarter also included initial orders for Besi’s
hybrid bonding systems from industry leading customers.
Revenue and operating profit for Q1-21 are
anticipated to be within prior guidance for the quarter in terms of
revenue, gross margin and operating profit. Besi will report its
full results for the first quarter ended March 31, 2021 on April
30, 2021.
About Besi
Besi is a leading supplier of semiconductor
assembly equipment for the global semiconductor and electronics
industries offering high levels of accuracy, productivity and
reliability at a low cost of ownership. The Company 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, cloud
server, computing, automotive, industrial, LED and solar energy.
Customers are primarily leading semiconductor manufacturers,
assembly subcontractors and electronics and industrial companies.
Besi’s ordinary shares are listed on Euronext Amsterdam (symbol:
BESI). Its Level 1 ADRs are listed on the OTC markets (symbol:
BESIY Nasdaq International Designation) and its headquarters are
located in Duiven, the Netherlands. For more information, please
visit our website at www.besi.com.
Contacts:
Richard W. Blickman, President & CEO
Hetwig van Kerkhof, SVP Finance
Tel. (31) 26 319 4500investor.relations@besi.com |
|
CFF CommunicationsFrank JansenTel. (31) 20 575
4024besi@cffcommunications.nl |
Caution Concerning Forward Looking Statements
This press release contains statements about
management's future expectations, plans and prospects of our
business that constitute forward-looking statements, which are
found in various places throughout the press release, including,
but not limited to, statements relating to expectations of orders,
net sales, product shipments, expenses, timing of purchases of
assembly equipment by customers, gross margins, operating results
and capital expenditures. The use of words such as “anticipate”,
“estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”,
“predict”, “project”, “forecast”, “will”, “would”, and similar
expressions are intended to identify forward looking statements,
although not all forward looking statements contain these
identifying words. The financial guidance set forth under the
heading “Outlook” contains such forward looking statements. While
these forward looking statements represent our judgments and
expectations concerning the development of our business, a number
of risks, uncertainties and other important factors could cause
actual developments and results to differ materially from those
contained in forward looking statements, including any inability to
maintain continued demand for our products; failure of anticipated
orders to materialize or postponement or cancellation of orders,
generally without charges; the volatility in the demand for
semiconductors and our products and services; the extent and
duration of the COVID-19 pandemic and measures taken to contain the
outbreak, and the associated adverse impacts on the global economy,
financial markets, and our operations as well as those of our
customers and suppliers; failure to develop new and enhanced
products and introduce them at competitive price
levels; failure to adequately decrease costs and expenses as
revenues decline; loss of significant customers, including through
industry consolidation or the emergence of industry alliances;
lengthening of the sales cycle; acts of terrorism and
violence; disruption or failure of our information technology
systems; inability to forecast demand and inventory levels for
our products; the integrity of product pricing and protection of
our intellectual property in foreign jurisdictions; risks, such as
changes in trade regulations, currency fluctuations, political
instability and war, associated with substantial foreign customers,
suppliers and foreign manufacturing operations, particularly to the
extent occurring in the Asia Pacific region; potential instability
in foreign capital markets; the risk of failure to successfully
manage our diverse operations; any inability to attract and retain
skilled personnel, including as a result of restrictions on
immigration, travel or the availability of visas for skilled
technology workers as a result of the COVID-19 pandemic; those
additional risk factors set forth in Besi's annual report for the
year ended December 31, 2020 and other key factors that
could adversely affect our businesses and financial performance
contained in our filings and reports, including our statutory
consolidated statements. We expressly disclaim any obligation to
update or alter our forward-looking statements whether as a result
of new information, future events or otherwise.
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