Key Highlights

• Revenue of € 154.9 million, up 1.1% vs. Q4-17 and within guidance. Up 40.5% vs. Q1-17 due to growth across product portfolio, favorable industry conditions and continued market share gains
• Orders of € 205.8 million, up 37.8% vs. Q4-17 due primarily to capacity additions for smart phone applications. Bookings down 14.2% vs. exceptionally high levels in Q1-17
• Gross margin of 56.5% up 0.2 points vs. Q4-17 and 0.8 points vs. Q1-17 despite adverse forex influences from decline of USD vs. euro. Within guidance
• Net income of € 37.1 million, down € 6.5 million vs. Q4-17 primarily due to higher share based compensation expense and a 5.7 point higher effective tax rate as such expenses are not tax deductible. Up € 12.8 million (+52.7%) vs. Q1-17
• Net cash and deposits reach € 290.1 million, an increase of € 114.4 million (+65.1%) year over year as cash generation remains strong

 

Outlook

• Q2-18 revenue expected to grow by 10-15% vs. Q1-18. H1-18 revenue anticipated to increase approximately 17% vs. H1-17 at the midpoint of guidance

To read the full version of our press release, please download the PDF file.