ASM International Reports 2006 First Quarter Operating Results

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Algemeen advies 26/04/2006 20:16
Please use the following link to view the entire release including financial statements:
http://hugin.info/132090/R/1047229/172147.pdf

First quarter of 2006 net sales of € 206.5 million, up 53% from the first quarter of 2005 and down 12% from the fourth quarter of 2005.

After charges for impairment and restructuring of € 5.4 million, net earnings of the first quarter of 2006 was € 2.6 million or € 0.05 diluted net earnings per share, as compared to a net loss of € 7.2 million or € 0.14 diluted net loss per share for the first quarter of 2005 and a net loss of € 27.2 million or € 0.52 diluted net loss per share (after charges for impairment and restructuring of € 43.8 million) for the fourth quarter of 2005.

First quarter of 2006 gross profit margin of 38.1%, up 3.4 percentage points from the fourth quarter of 2005.
First quarter bookings of € 243.1 million, up 5% from the fourth quarter of 2005.
Quarter-end backlog of € 258.5 million, up 16% from the fourth quarter of 2005.
BILTHOVEN, THE NETHERLANDS, April 26, 2006 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its 2006 first 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 line with our earlier guidance, first quarter 2006 total sales came in at a solid level. In addition, we completed the downsizing of our ASM NuTool operation in this quarter. Excluding restructuring charges related to ASM NuTool, net earnings was € 8.0 million, or € 0.15 per share," commented Arthur del Prado, president and chief executive officer of ASMI. "The fact that bookings in the first quarter of 2006 grew sequentially for both wafer processing and assembly and packaging equipment, following a very strong order intake in the fourth quarter of 2005, supports our optimism that ASMI will continue to benefit from the forecasted healthy rate of customer capital spending in 2006."

Impairment and Restructuring
With respect to the restructuring of ASM NuTool, we have recognized in the first quarter of 2006 charges in the amount of € 5.4 million for, amongst others, operational lease obligations and settlement charges with former NuTool shareholders. Approximately € 3.0 million was paid in our common shares, € 0.8 million is non cash and the remainder of approximately € 1.6 million will be paid in cash.

Please use the following link to view the entire release including financial statements:
1st Quarter 2006
This press release was brought to you by Hugin, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Benelux/ASM




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