Asm International Reports Third Quarter 2007 Operating Results
Posted on: Monday, 29 October 2007, 15:00 CDT
BILTHOVEN, THE NETHERLANDS, October 29, 2007 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its third quarter 2007 operating results in accordance with US GAAP.
* Front-end achieved positive net earnings of EUR 0.3 million in the third quarter of 2007, excluding the expense resulting from early extinguishment of convertible debt of EUR 4.1
million, as compared to net earnings of EUR 2.8 million in the second quarter of 2007, excluding the expense resulting from early
extinguishment of convertible debt of EUR 5.9 million.
* Net sales of the third quarter of 2007 were EUR 253.5 million, similar to the second quarter of 2007 and up 19% from the
third quarter of 2006.
* Net earnings of the third quarter of 2007 were EUR 15.8
million, or EUR 0.28 diluted net earnings per share, as compared to
net earnings of EUR 14.9 million, or EUR 0.26 diluted net earnings
per share for the second quarter of 2007 and net earnings from continuing operations of EUR 13.9 million, or EUR 0.26 diluted net
earnings from continuing operations per share for the third quarter
of 2006.
* Bookings in the third quarter of 2007 were EUR 197.7 million, down 13% from the second quarter of 2007. Bookings from our Front-end segment were down 17% and bookings from our Back- end
segment were down 11%. Quarter-end backlog was EUR 186.8 million,
down 23% from the end of the previous quarter.
* Company to convene EGM to get authorization for issuance
of new shares.
Copyright Copyright Hugin ASA 2007. All rights reserved.
Contact: Naud van der Ven + 31 30 229 85 40 Mary Jo Dieckhaus + 1 212 986 29 00 Erik Kamerbeek + 31 30 229 85 00
SOURCE: ASM International NV
Source: MARKET WIRE
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