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 Pacific89.4 81%112.4 66%103.5 65%111.8 73%120.5 78%88.6 55%
EU / USA20.9 19%57.6 34%55.8 35%41.4 27%34.4 22%72.5 45%
Total110.3 100%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 Pacific153.5 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    
                                     

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