BE Semiconductor Industries N.V. Adjusts Q2-18 Revenue Guidance to +4% vs. Q1-18
03 Julio 2018 - 1:49AM
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 announced that
based on a preliminary review, its Q2-18 sequential revenue growth
is expected to be below its previously reported guidance range due
to the cancellation at quarter end of € 28 million of die bonding
orders previously expected for shipment during the quarter. The
orders were by a single customer for high end smart phone
applications. Such shortfall was partially offset by higher than
anticipated shipments for end user market applications such as
computing, automotive and other mobile devices. As a result, Besi
now expects that its Q2-18 revenue will increase by approximately
4% vs. the € 154.9 million reported in Q1-18. Previously, Besi
guided for a sequential revenue increase of approximately
+10 - +15% (€ 170.4 - € 178.1 million range) vs. Q1-18. In
addition, based on preliminary estimates, Besi forecasts that its
H1-18 revenue will increase over H1-17 by 13%.
Of note, there are no changes to Besi’s prior
guidance for Q2-18 and H1-18 gross margin and operating expense
development based on the lower Q2-18 revenue growth forecast.
Complete financial results for Q2-18 and H1-18
will be reported on July 26, 2018.
About BesiBesi 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
CFF CommunicationsCor te
Hennepe, SVP Finance
Frank JansenTel. (31) 26
319
4500
Tel. (31) 20 575 4024investor.relations@besi.com
besi@cffcommunications.nl
Caution Concerning Forward Looking StatementsThis
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, backlog, 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; 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;
those additional risk factors set forth in Besi's annual report for
the year ended December 31, 2017 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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