Net earnings of € 0.5 million or € 0.01 diluted net earnings per share, as compared to a net loss of € 7.2 million or € 0.14 diluted net loss per share in the first quarter of 2005 and net earnings of € 4.4 million or € 0.08 diluted net earnings per share for the second quarter of 2004.
Net sales of € 183.3 million, up 36.0% from the first quarter of 2005 and down 13.5% from the second quarter of 2004.
Second quarter bookings of € 177.7 million, up 18.5% from the first quarter of 2005.
Quarter-end backlog of € 196.5 million, down 2.8% from the end of the first quarter of 2005.
***Please use the following link to view the entire release including financial statements:***
http://hugin.info/132090/R/1003847/154280.pdf
BILTHOVEN, THE NETHERLANDS, July 26, 2005 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its 2005 second quarter operating results. These operating results have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").
In making the announcement, Arthur del Prado, President and CEO, stated, "In line with our prior guidance, the second quarter results showed improvement over the first quarter of 2005. Although Front-end bookings increased, they were at lower levels than anticipated, reflecting our customers' continued caution toward capital outlays. At the same time, the quarter did see some positive developments in our Front-end business that included major installations in Taiwan, the further strengthening of our Asian commercial network and the formalization of our Back-end-of-line interconnect technology program with IMEC, Europe's leading independent nanotechnology research institute.
The strong performance of our Back-end assembly operations compensated for the lower than expected Front-end results. Market momentum, visible as early as February, built through the second quarter enabling ASM Pacific Technology, our 54%-owned assembly and packaging subsidiary, to enjoy solid growth while continuing to develop new business."
The consolidated financial statements for the second quarter of 2005 and six months ended June 30, 2005 include the operations of the Company's wholly owned subsidiaries ASM NuTool, Inc. and ASM Genitech, Inc., which were acquired in June 2004 and August 2004, respectively.
Net earnings of € 0.5 million or € 0.01 diluted net earnings per share, as compared to a net loss of € 7.2 million or € 0.14 diluted net loss per share in the first quarter of 2005 and net earnings of € 4.4 million or € 0.08 diluted net earnings per share for the second quarter of 2004.
Net sales of € 183.3 million, up 36.0% from the first quarter of 2005 and down 13.5% from the second quarter of 2004.
Second quarter bookings of € 177.7 million, up 18.5% from the first quarter of 2005.
Quarter-end backlog of € 196.5 million, down 2.8% from the end of the first quarter of 2005.
***Please use the following link to view the entire release including financial statements:***
http://hugin.info/132090/R/1003847/154280.pdf
BILTHOVEN, THE NETHERLANDS, July 26, 2005 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its 2005 second quarter operating results. These operating results have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").
In making the announcement, Arthur del Prado, President and CEO, stated, "In line with our prior guidance, the second quarter results showed improvement over the first quarter of 2005. Although Front-end bookings increased, they were at lower levels than anticipated, reflecting our customers' continued caution toward capital outlays. At the same time, the quarter did see some positive developments in our Front-end business that included major installations in Taiwan, the further strengthening of our Asian commercial network and the formalization of our Back-end-of-line interconnect technology program with IMEC, Europe's leading independent nanotechnology research institute.
The strong performance of our Back-end assembly operations compensated for the lower than expected Front-end results. Market momentum, visible as early as February, built through the second quarter enabling ASM Pacific Technology, our 54%-owned assembly and packaging subsidiary, to enjoy solid growth while continuing to develop new business."
The consolidated financial statements for the second quarter of 2005 and six months ended June 30, 2005 include the operations of the Company's wholly owned subsidiaries ASM NuTool, Inc. and ASM Genitech, Inc., which were acquired in June 2004 and August 2004, respective.
Outlook
The improved net sales in our Front-end segment in the second quarter of 2005 will not, in view of the current order backlog, be continued for the third quarter. We are, however, receiving positive signals from customers for orders and shipments for the fourth quarter. Overall, we expect that total sales in 2005 for the Front-end segment will be comparable to the total sales in 2004. We are not yet in a position to make a statement on a positive outcome for the Front-end segment for the fourth quarter of 2005.
In the first half year of 2005, our Back-end segment has further strengthened its market position and once more outperformed its peers. Assuming that the markets in which the Back-end segment operates stay at the current levels, we are confident that our Back-end segment will see a stronger second half compared to the first half of 2005.
