BE Semiconductor Announces Preliminary Net Sales and Orders for the Second Quarter of 2006
July 10 2006 - 2:30AM
PR Newswire (US)
DRUNEN, Netherlands, July 10 /PRNewswire-FirstCall/ -- BE
Semiconductor Industries N.V. ("the Company" or "Besi") (Nasdaq:
BESI; Euronext), a leading manufacturer of assembly equipment for
the semiconductor industry, today announced preliminary net sales
and orders for the second quarter ended June 30, 2006. The Company
will issue results for the second quarter of 2006 and hold a
conference call with investors and analysts to review results on
Thursday, July 20, 2006. Net sales for the second quarter ended
June 30, 2006 are expected to be approximately euro 50 million, an
increase of approximately 35% as compared to net sales of euro 37.0
million in the second quarter of 2005, and an increase of
approximately 12% as compared to net sales of euro 44.5 million for
the first quarter of 2006. Orders for the quarter ended June 30,
2006 totaled approximately euro 46 million, an increase of
approximately 21% as compared to orders of euro 38.1 million in the
second quarter of 2005, and a decrease of approximately 23% as
compared to euro 59.7 million for the first quarter of 2006. In
addition, backlog decreased slightly to approximately euro 69
million at June 30, 2006 as compared to euro 72.0 million at March
31, 2006. Richard W. Blickman, President and Chief Executive
Officer of the Company, commented, "Our sales and orders in the
second quarter of 2006 increased significantly compared to the
prior year period. We believe this reflects improved industry
conditions and additional market penetration by our assembly
equipment products. Currently, we estimate that sales and order
trends reflect a cautious attitude toward new equipment purchases
on the part of customers, particularly subcontractors, reflecting
their careful monitoring of inventory and capacity levels. During
the quarter, our bookings levels met expectations while growth in
shipments was slightly below our initial expectations due to delays
in two customer shipments which are anticipated to be delivered in
the third quarter of 2006." Investor Conference Call BE
Semiconductor Industries N.V. will report results for the second
quarter 2006 on Thursday, July 20, 2006 at 08.30 a.m. Continental
European Time (02.30 a.m. New York Time). Besi will host a
conference call on Thursday, July 20, 2006 at 4:00 p.m Continental
European Time (3:00 p.m London Time, 10:00 a.m. New York Time).
Conference call details will be available through our website
http://www.besi.com/ . About BE Semiconductor Industries N.V. BE
Semiconductor Industries N.V. designs, develops, manufactures,
markets and services die sorting, flip chip bonding and multi-chip
die bonding, packaging and plating equipment for the semiconductor
industry's assembly operations. Its customers consist primarily of
leading U.S., European, Asian, Korean and Japanese semiconductor
manufacturers and subcontractors which utilize its products for
both array connect and conventional leadframe manufacturing
processes. For more information visit http://www.besi.com/ .
Caution Concerning Forward Looking Statements This press release
contains forward-looking statements, which are found in various
places throughout the press release, including statements relating
to expectations of orders, net sales, product shipments, expenses
and operating results. The words "believe", "anticipate",
"estimate", "expect", "intend", "may", "plan", "predict",
"project", "will", "would", and similar expressions are intended to
identify forward looking statements, although not all forward
looking statements contain these identifying words. While these
forward- looking statements represent our judgments and future
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 our
expectations. These factors include, but are not limited to, those
listed or discussed in our Annual Report on Form 20-F for the year
ended December 31, 2005, as well as the risk that anticipated
orders may not materialize or that orders received may be postponed
or canceled, generally without charges; the volatility in the
demand for semiconductors and our products and services; acts of
terrorism and violence; overall global economic conditions; risks,
such as changes in trade regulations, currency fluctuations,
political instability and war, risks associated with substantial
foreign customers, suppliers and foreign manufacturing operations;
potential instability in foreign capital markets; the risk of
failure to successfully manage our expanding and more diverse
operations; and other key factors that could adversely affect our
businesses and financial performance contained in our filings and
reports, including those with the United States Securities and
Exchange Commission. We are under no obligation to (and expressly
disclaim any such obligation to) update or alter our
forward-looking statements whether as a result of new information,
future events or otherwise. Contacts: Richard W. Blickman Cor te
Hennepe President & CEO Director of Finance tel. (31) 416
384345 tel. (31) 416 384345 David Pasquale The Ruth Group tel. (1)
646 536 7006 DATASOURCE: BE Semiconductor Industries N.V. CONTACT:
Richard W. Blickman, President & CEO, +31-416-384345, or Cor te
Hennepe, Director of Finance, +31-416-384345, both of BE
Semiconductor Industries N.V.; David Pasquale of The Ruth Group,
+1-646-536-7006, , for BE Semiconductor Industries N.V. Web site:
http://www.besi.com/
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