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.