Elettronica
ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2015 RESULTS
Commenting on the results, Chuck del Prado, President and Chief Executive Officer of ASM International said:
"Q4 revenues at EUR145 million came in at the top end of our guidance, bringing the sales for the full year to EUR670 million. This represents a 14% currency comparable increase in 2015, in a year in which the wafer fab equipment industry did not show any growth. Order intake, at EUR135 million, came in at the higher end of our guidance. Our gross profit margin remained in the 44% range, finishing the year with a 120 basis points increase over 2014. Due to our favorable result development and healthy cash situation, we will propose during the upcoming AGM to increase the dividend to EUR0.70 per share.
For Q1 we expect sales between EUR135 and EUR145 million. For Q2 we expect sales between EUR140 and EUR150 million. In line with our earlier views, based on current visibility, we expect 2016 to be more revenue back loaded. The Q1 order intake is expected to be in the range of EUR150 to EUR165 million (all figures on a currency comparable level).
October 28, 2015 ASMI announced that its Management Board authorized the repurchase of up to EUR100 million of the Company's common shares within the 2015-2016 time frame. This buyback program will be executed by intermediaries and will end as soon as the aggregate purchase price of the common shares acquired by ASMI has reached EUR100 million, but ultimately on November 20, 2016.
On May 21, 2015 the General Meeting of Shareholders authorized ASMI to acquire shares for a period of 18 months. The repurchase program is part of ASMI's commitment to use excess cash for the benefit of its shareholders.
The program started on November 26, 2015. On December 31, 2015 of the program 9% was repurchased.
Up until the most recent reporting period, ASMI's primary external and internal reporting has been based on US GAAP. In addition ASMI issues quarterly reconciliations of net earnings and shareholders' equity and (semi) annual financial statements prepared in accordance with International Financial Reporting Standards (IFRS). Following the voluntary delisting from NASDAQ, August 2015, ASMI will migrate to IFRS as its only internal and external reporting standard from January 1, 2016 and will discontinue the use of US GAAP as of the same date. During 2016 comparable results based on US GAAP will be presented, as from 2017 only results based on IFRS will be reported.
On April 13, 2016 ASMI will publish its Statutory Annual Report. The report will be published on our website at www.asm.com.
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 the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's website at www.asm.com .
ASMI hereby announces that its Home Member State is The Netherlands for purposes of the EU Transparency Directive.
ASM International will host an investor conference call and web cast on Thursday, February 24, 2016 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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