BE Semiconductor Industries N.V. Announces Q3-19 Results
BE SMCNDCTR INDUS S/ADR (BESIY)
NASDAQ:AMEX Investor Relations:
besi.com/investor-relations
Company Research
Source: GlobeNewswire
Q3-19 Revenue and Net Income of € 89.7 Million and € 19.2 Million, RespectivelyResults Exceed Expectations DUIVEN, the Netherlands, Oct. 24, 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 third quarter and nine months ended September 30, 2019. Key Highlights Q3-19 Revenue of € 89.7 million is down 3.2% vs. Q2-19 but above guidance (-10%) due to higher than anticipated shipments to Chinese subcontractors for mainstream electronics applications. Down 23.1% vs. Q3-18 due to weak industry conditions and customer caution in light of global trade tensionsOrders of € 82.2 million, approximately flat vs. Q2-19 as market stabilization continues. Down 23.8% vs. Q3-18 primarily as a result of lower bookings for smart phone applicationsGross margin of 55.1% is dow
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