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Besi Results and Outlook - 1 Q 2017




  • Revenue up  39.5% vs. 1Q16 driven by …
    • Favorable industry conditions
    • Higher die bonding shipments for smart phone applications
    • Increased demand by Chinese subcontractors for smart phone and mainstream electronics applications
  • Orders up 162.4% vs. Q4-16 due primarily to …
    • large die bonding capacity build by IDMs for next generation mobile devices
    • automotive
    • high-end cloud server applications
  • Gross margin rose to 55.7%, driven by …
    • Besi’s strong market position
    • increased material cost efficiencies
    • forex benefits
  • Net margins also increased significantly
    • Net cash increased
  • Besi guides for Q2-17 revenue growth of 40-50% vs. Q1-17


Strategy for growth:

  • Offer a leading edge portfolio of multi-module, epoxy and flip chip die bonding systems
    • That meet the most demanding specifications for
      • form factor, pitch, complexity, density, and throughput


Links to more information:

Investor Relations: BESI

Report File: VCR_BESIt_170426


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