Latest news with #BESI.AS
Reuters
7 hours ago
- Business
- Reuters
Besi lifts its forecast, expects higher demand for its advanced solutions
June 12 (Reuters) - Dutch semiconductor company Besi ( opens new tab raised its 2025 financial targets amid its investor day as it expects higher demand for its advanced packaging solutions. Besi now expects revenue between 1.5 billion euros and 1.9 billion euros ($2.19 billion), a gross margin of 64% to 66%, and an operating margin between 40% and 55%. ($1 = 0.8685 euros)
Reuters
23-04-2025
- Business
- Reuters
Besi reports higher bookings as AI demand picks up in Asia
April 23 (Reuters) - Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) ( opens new tab said on Wednesday that its order bookings, an important gauge for forecasting future growth, rose 8.2% against last quarter due to increased orders by Asian subcontractors for AI related data centre applications. Its revenue was 144.1 million euros ($164.1 million) in the first quarter, down 6.1% from the fourth quarter of 2024, due to lower shipments for mobile and automotive applications.
Yahoo
20-02-2025
- Automotive
- Yahoo
Besi forecasts unexpected sales drop for first quarter
By Nathan Vifflin, Leo Marchandon (Reuters) -Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) ( forecast an unexpected sales drop for the first quarter on Thursday, as weakness in its traditional markets offsets positive AI related orders. Besi's shares fell 10% to the bottom of Europe's benchmark STOXX 600 index (^STOXX) at 0805 GMT, and will see their worst daily decline since October if the losses hold through the day. The chip assembly equipment maker expects its quarterly sales to fall by up to 10% from the 153.4 million euros ($159.9 million) it reported for the final quarter of 2024. Analysts were expecting revenue to grow to 170.2 million euros in the first quarter, according to LSEG's IBES data. Degroof Petercam analyst Michael Roeg said the first quarter guidance came well below market expectations, while fourth quarter results were a broad miss, with order bookings significantly below estimates. Bookings, an important metric to forecast future growth, were 121.9 million euros in the fourth quarter, against analysts' estimate of 171 million euros in a Visible Alpha consensus. "We enter the year 2025 with cautious optimism based on strong momentum in our advanced die placement solutions for AI applications partially offset by ongoing weakness in mainstream automotive, smart phone, industrial and Chinese end-user markets," CEO Richard Blickman said in a statement. Investors are banking on growing orders for Besi's hybrid bonding solutions and the company's first-mover advantage amid a surge in demand for AI-enabling technology. But its traditional markets - tools destined for the production of chips used in cars and smartphones - are facing a more than two year long downturn, as manufacturers push back orders to manage their excess manufacturing capacity. Besi said it expects recovery in the mainstream assembly markets to start only in the second half of 2025, which will also depend on end market trends and the course of global trade restrictions. ($1 = 0.9591 euros)
Reuters
20-02-2025
- Business
- Reuters
BE Semiconductor Industries forecasts sales drop for first quarter
Feb 20 (Reuters) - Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) ( opens new tab expects its revenue to fall in the first quarter of 2025 compared to the last quarter, as weakness in its traditional markets offsets positive AI related orders. The chip assembly equipment maker expects its first quarter sales to fall by up to 10% from the 153.4 million euros ($159.9 million) it recorded for the final quarter of 2024. Analysts were expecting revenue of 170.2 million euros for the first quarter, according to LSEG data. ($1 = 0.9591 euros)
