ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its first quarter 2013 operating results (unaudited) in accordance with US GAAP.
HIGHLIGHTS
Following the close of the sale on March 15, 2013 of a 12% share in ASMPT, the entity in which our Back-end segment is organized, our shareholding is reduced to 40%. As a consequence as from March 15, 2013 the results of ASMPT are deconsolidated. Hence this overview shows the fully consolidated results from ASMPT until March 15, 2013. As from that date onwards the net result of ASMPT is reported on the line "result from investments".

Net sales for the first quarter 2013 were €240 million. Net sales of our Front-end segment of €80 million decreased 14% quarter-to-quarter. Back-end sales for the whole of Q1 decreased on a comparable level with 7%.

Result from operations for Q1 2013 was €(3) million. Result from operations in Q4 2012 was €(4) million while Q1 of 2012 showed a profit of €22 million.

The Front-end segment's operating profit was €1.1 million compared to €1.2 million in Q4, 2012. Q1 2012 showed an operating profit of €2.9 million;
The Back-end segment's operating loss was €4.3 million compared to a loss of €5.3 million in Q4, 2012. The first quarter of 2012 showed an operating profit of €19.0 million. Would we have consolidated the Back-end segment for the whole of Q1, result from operations of the Back-end segment would have been a profit of €1.2 million.

First quarter 2013 net earnings were €1,410 million compared to a net loss of €22 million for the fourth quarter of 2012 and a profit of €6 million for the first quarter of 2012. The gain on the sale of 12% of the total outstanding ASMPT shares consists of two elements, the realized gain on the sale of the 11.88% stake of €324 million and an unrealized remeasurement gain on the remaining 40.08% of the shares of approximately €1.1 billion. The current share price of ASMPT, which is below the price at the close of the sale, could lead to future unrealized remeasurement losses when lower price levels sustain.

Book to bill in the first quarter of 2013 for the Front-end was 1.3. The Backlog compared to the end of the fourth quarter 2012, increased from EUR 92 million to EUR 120 million.

COMMENT
"The first quarter of 2013 was important for ASMI. We announced the outcome of the valuation study and sold 12% of the total outstanding ASMPT shares which resulted in a deconsolidation of ASMPT. This led to the recognition of an extraordinary result of approximately €1.4 billion in Q1.

While our sales in the Front-end operations showed an expected double digit decrease, we again saw a strong order-intake in Q1. Front-end gross margin, after showing a strong improvement in Q4 last year, further improved."

OUTLOOK
Following the healthy book to bill ratio's in Q4 2012 and Q1 2013 our Front-end operations are expected to show a strong double digit sales increase in Q2 compared to Q1. We also expect a double digit increase of our order-intake in Q2 compared to Q1.

STATUTORY ANNUAL REPORT 2012
ASM International published its 2012 Statutory Annual Report on April 4, 2013. The content of Note 31-Share Ownership and Related Party transactions, should be extended with the following sentence:

"During 2012, we considered the members of the Management Board and the Supervisory Board to be the key management personnel as defined in IAS 24 "Related parties"."

The Statutory Annual Report is available on our website at www.asm.com