Elettronica
ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER 2015 RESULTS
Commenting on the results, Chuck del Prado, President and Chief Executive Officer of ASM International said:
"Q2 2015 was again a strong quarter for ASMI. We realized revenues of EUR201 million, a sales increase of 24% over Q1 2015. Gross Margin improved further to more than 45%. Atomic Layer Deposition demand remained strong across a broad customer base. Our order intake remained healthy and was EUR167 million, 5% above the Q1 2015-level."
For Q3 we expect sales between EUR155 and EUR170 million, on a currency comparable level. The Q3 order intake, on a currency comparable level, is expected to be in the range of EUR130-150 million.
Beyond Q3 the visibility on timing of next technology node's insertions of new equipment capacity is still limited.
On August 31, 2015 ASM International will publish its Interim Financial report for the six months ended June 30, 2015. This report comprises regulated information within the meaning of articles 1:1 and 5:25d of the Dutch Financial Markets Supervision Act (Wet op het Financieel Toezicht) and includes consolidated condensed interim financial statements prepared in accordance with IAS 34, "Interim Financial Reporting", an interim management board report and a management board responsibility statement. The interim financial report for the six months ended June 30, 2015 will be available online at www.asm.com as from August 31, 2015.
On October 29, 2014, ASMI announced a share buyback program, to purchase up to an amount of EUR 100 million of its own shares within the 2014-2015 time frame. The repurchase program is part of ASMI's commitment to use excess cash for the benefit of its shareholders.
The buyback program was executed by intermediaries through on-exchange purchases or through off-exchange trades. ASMI updated the markets on the progress of the buyback program on a weekly basis. The program started on November 24, 2014, and was completed on May 20, 2015. Under the 2014-2015 share buyback program we repurchased 2,594,420 shares at an average price of EUR38.55.
We intend to apply to delist our ordinary shares, par value EUR0.04 per share, which are held in the U.S. as NY Registry Shares, from the Nasdaq Stock Market effective on or about Augustus 21, 2015. Subsequently, we intend to seek to terminate the registration of these shares under Section 12(g) of the U.S. Securities Exchange Act of 1934 and our reporting obligations under Sections 13(a) and 15(d) of the Act. We have taken this decision because of the low, and declining, trading volume in our NY Registry Shares on Nasdaq, which currently accounts for less than 1.0% of our worldwide trading volume. We expect that our NY Registry Shares will become eligible for trading on the OTC market in the U.S. prior to the effective date of the delisting, and we intend to keep our existing NY Registry Program in place to support settlement of these shares traded on the OTC market. After deregistration, ASMI will continue to maintain the level of disclosure expected by the international financial markets.
ASM International NV, headquartered in Almere, the Netherlands, its subsidiaries and participations design and manufacture equipment and materials used to produce semiconductor devices. ASM International, its subsidiaries and participations provide production solutions for wafer processing (Front-end segment) as well as for assembly & packaging and surface mount technology (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on NASDAQ (symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's website at www.asm.com .
ASM International will host an investor conference call and web cast on Thursday, July 30, 2015 at 15:00 Continental European Time (9:00 a.m. - US Eastern Time).
The teleconference dial-in numbers are as follows:
A simultaneous audio web cast will be accessible at www.asm.com .
Victor Bareño
T: +31 88 100 8500
E: victor.bareno@asm.com
Ian Bickerton
T: +31 625 018 512
Copyright GlobeNewswire
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Regulatory News
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