BE Semiconductor Industries N.V. Announces Q2-19 and H1-19 Results
BE SMCNDCTR INDUS S/ADR (BESIY)
NASDAQ:AMEX Investor Relations:
besi.com/investor-relations
Company Research
Source: GlobeNewswire
Q2-19 Revenue and Net Income Increase by 13.9% and 98.9%, Respectively, vs. Q1-19Strong Margins and Profit Levels Maintained in Current Industry Downturn DUIVEN, the Netherlands, July 25, 2019 (GLOBE NEWSWIRE) -- 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 second quarter and first half year ended June 30, 2019. Key Highlights Q2-19 Revenue of € 92.7 million up 13.9% vs. Q1-19. Above guidance due to higher than anticipated shipments to Asian subcontractors. Down 42.5% vs. Q2-18 principally as a result of adverse industry environment and customer caution in the face of global trade tensionsOrders of € 82.7 million, approximately flat vs. Q1-19, reflecting stable customer demand levels. Down 4.2% vs. Q2-18Gross margin of 56.0% at midpoint of guidance. Up slightly vs. Q1-19 (0.
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