BE Semiconductor Industries N.V. Announces Q2-18 and H1-18 Results
* Reclassification from financing activities in Q1-17 to investing activities in Q2-17
|
Supplemental Information (unaudited) |
(euro in millions, unless stated otherwise) | |
REVENUE |
Q1-2017 |
Q2-2017 |
Q3-2017 |
Q4-2017 |
Q1-2018 |
Q2-2018 |
| |
|
|
| |
| |
| |
| |
|
Per geography: | | | | | | | | | | | | | Asia Pacific | 89.4 | | 81 | % | 112.4 | | 66 | % | 103.5 | | 65 | % | 111.8 | | 73 | % | 120.5 | | 78 | % | 88.6 | | 55 | % | EU / USA | 20.9 | | 19 | % | 57.6 | | 34 | % | 55.8 | | 35 | % | 41.4 | | 27 | % | 34.4 | | 22 | % | 72.5 | | 45 | % | Total | 110.3 | | 100 | % | 170.0 | | 100 | % | 159.3 | | 100 | % | 153.2 | | 100 | % | 154.9 | | 100 | % | 161.1 | | 100 | % |
| | | | | | | | | | | | |
ORDERS
|
Q1-2017 |
Q2-2017 |
Q3-2017 |
Q4-2017 |
Q1-2018 |
Q2-2018 |
| | | | | | | | | | | | |
Per geography: | | | | | | | | | | | | | Asia Pacific | 153.5 | | 64 | % | 109.8 | | 84 | % | 114.3 | | 71 | % | 116.5 | | 78 | % | 120.8 | | 59 | % | 47.5 | | 55 | % | EU / USA | 86.3 | | 36 | % | 20.3 | | 16 | % | 47.3 | | 29 | % | 32.9 | | 22 | % | 85.0 | | 41 | % | 38.8 | | 45 | % | Total | 239.8 | | 100 | % | 130.1 | | 100 | % | 161.6 | | 100 | % | 149.4 | | 100 | % | 205.8 | | 100 | % | 86.3 | | 100 | % | | | | | | | | | | | | | |
Per customer type: | | | | | | | | | | | | | IDM | 196.6 | | 82 | % | 83.3 | | 64 | % | 88.8 | | 55 | % | 74.7 | | 50 | % | 111.1 | | 54 | % | 70.8 | | 82 | % | Subcontractors | 43.2 | | 18 | % | 46.8 | | 36 | % | 72.7 | | 45 | % | 74.7 | | 50 | % | 94.7 | | 46 | % | 15.5 | | 18 | % | Total | 239.8 | | 100 | % | 130.1 | | 100 | % | 161.5 | | 100 | % | 149.4 | | 100 | % | 205.8 | | 100 | % | 86.3 | | 100 | % | | | | | | | | | | | | | |
BACKLOG
|
Mar 31, 2017 |
Jun 30, 2017 |
Sep 30, 2017 |
Dec 31, 2017 |
Mar 31, 2018 |
Jun 30, 2018 |
| | | | | | | | | | | | | Backlog | 205.9 | 166.0 | 168.2 | 164.4 | 215.2 | 140.4 | | | | | | | | | | | | | |
HEADCOUNT |
Mar 31, 2017 |
Jun 30, 2017 |
Sep 30, 2017 |
Dec 31, 2017 |
Mar 31, 2018 |
Jun 30, 2018 | | | | | | | | | | | | | |
Fixed staff (FTE) | | | | | | | | | | | | | Asia Pacific | 1,112 | | 69 | % | 1,164 | | 70 | % | 1,199 | | 70 | % | 1,222 | | 71 | % | 1,254 | | 71 | % | 1,259 | | 72 | % | EU / USA | 505 | | 31 | % | 505 | | 30 | % | 502 | | 30 | % | 502 | | 29 | % | 500 | | 29 | % | 495 | | 28 | % | Total | 1,617 | | 100 | % | 1,669 | | 100 | % | 1,701 | | 100 | % | 1,724 | | 100 | % | 1,754 | | 100 | % | 1,754 | | 100 | % | | | | | | | | | | | | | |
Temporary staff (FTE) | | | | | | | | | | | | | Asia Pacific | 211 | | 79 | % | 269 | | 80 | % | 247 | | 74 | % | 229 | | 72 | % | 290 | | 76 | % | 257 | | 75 | % | EU / USA | 55 | | 21 | % | 67 | | 20 | % | 85 | | 26 | % | 87 | | 28 | % | 93 | | 24 | % | 86 | | 25 | % | Total | 266 | | 100 | % | 336 | | 100 | % | 332 | | 100 | % | 316 | | 100 | % | 383 | | 100 | % | 343 | | 100 | % | | | | | | | | | | | | | |
Total fixed and temporary staff (FTE) | 1,883 | | | 2,005 | | | 2,033 | | | 2,040 | | | 2,137 | | | 2,097 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
OTHER FINANCIAL DATA |
Q1-2017 |
Q2-2017 |
Q3-2017 |
Q4-2017 |
Q1-2018 |
Q2-2018 |
Gross profit | | | | | | | | | | | | | As reported | 61.4 | | 55.7 | % | 97.4 | | 57.3 | % | 93.6 | | 58.8 | % | 86.2 | | 56.3 | % | 87.6 | | 56.5 | % | 91.1 | | 56.5 | % | Restructuring charges / (gains) | 0.0 | | 0.0 | % | (0.0 | ) | -0.0 | % | - | | - | | - | | - | | - | | - | | 0.4 | | 0.2 | % | Gross profit as adjusted | 61.4 | | 55.7 | % | 97.4 | | 57.3 | % | 93.6 | | 58.8 | % | 86.2 | | 56.3 | % | 87.6 | | 56.5 | % | 91.5 | | 56.8 | % | | | | | | | | | | | | | |
Selling, general and admin expenses: | | | | | | | | | | | | | As reported | 22.2 | | 20.1 | % | 25.5 | | 15.0 | % | 21.0 | | 13.2 | % | 24.6 | | 16.1 | % | 29.2 | | 18.8 | % | 22.7 | | 14.1 | % | Amortization of intangibles | (0.1 | ) | -0.1 | % | (0.1 | ) | -0.1 | % | (0.1 | ) | -0.1 | % | (0.1 | ) | -0.1 | % | (0.1 | ) | -0.1 | % | (0.1 | ) | -0.1 | % | Restructuring gains / (charges) | (0.0 | ) | 0.0 | % | 0.0 | | 0.0 | % | (0.0 | ) | 0.0 | % | 0.0 | | 0.0 | % | 0.0 | | 0.0 | % | (0.1 | ) | -0.1 | % | SG&A expenses as adjusted | 22.1 | | 20.1 | % | 25.4 | | 14.9 | % | 20.9 | | 13.1 | % | 24.5 | | 16.0 | % | 29.1 | | 18.8 | % | 22.5 | | 14.0 | % | | | | | | | | | | | | | |
Research and development expenses: | | | | | | | | | | | | | As reported | 8.3 | | 7.5 | % | 8.7 | | 5.1 | % | 9.3 | | 5.8 | % | 9.5 | | 6.2 | % | 9.8 | | 6.3 | % | 9.0 | | 5.6 | % | Capitalization of R&D charges | 1.9 | | 1.7 | % | 1.8 | | 1.1 | % | 1.1 | | 0.7 | % | 1.8 | | 1.2 | % | 2.6 | | 1.7 | % | 3.4 | | 2.1 | % | Amortization of intangibles | (2.0 | ) | -1.8 | % | (2.0 | ) | -1.2 | % | (2.0 | ) | -1.3 | % | (2.1 | ) | -1.4 | % | (2.1 | ) | -1.4 | % | (2.1 | ) | -1.3 | % | R&D expenses as adjusted | 8.2 | | 7.4 | % | 8.5 | | 5.0 | % | 8.4 | | 5.3 | % | 9.2 | | 6.0 | % | 10.3 | | 6.6 | % | 10.3 | | 6.4 | % | | | | | | | | | | | | | |
Financial expense (income), net: | | | | | | | | | | | | | Interest expense (income), net | 1.1 | | | 1.2 | | | 1.6 | | | 1.0 | | | 2.5 | | | 2.4 | | | Foreign exchange effects | 0.9 | | | 1.4 | | | 0.7 | | | 2.3 | | | 1.8 | | | 2.7 | | | Total | 2.0 | | | 2.6 | | | 2.3 | | | 3.3 | | | 4.3 | | | 5.1 | | | | | | | | | | | | | | | |
Operating income (loss) | | | | | | | | | | | | | as % of net sales | 30.8 | | 27.9 | % | 63.3 | | 37.2 | % | 63.2 | | 39.7 | % | 52.1 | | 34.0 | % | 48.6 | | 31.4 | % | 59.3 | | 36.8 | % | | | | | | | | | | | | | |
EBITDA
| | | | | | | | | | | | | as % of net sales | 34.2 | | 31.0 | % | 66.6 | | 39.2 | % | 66.5 | | 41.7 | % | 55.5 | | 36.2 | % | 52.0 | | 33.6 | % | 62.8 | | 39.0 | % | | | | | | | | | | | | | |
Net income (loss) | | | | | | | | | | | | | as % of net sales | 24.3 | | 22.0 | % | 52.4 | | 30.7 | % | 52.9 | | 33.2 | % | 43.6 | | 28.5 | % | 37.1 | | 23.9 | % | 47.2 | | 29.3 | % | | | | | | | | | | | | | |
Income per share | | | | | | | | | | | | | Basic | 0.33 | | | 0.70 | | | 0.71 | | | 0.59 | | | 0.50 | | | 0.63 | | | Diluted | 0.30 | | | 0.65 | | | 0.65 | | | 0.55 | | | 0.46 | | | 0.58 | | | | | | | | | | | | | | | | | | | | | |
|