April 29 (Reuters) – BE Semiconductor (BESI) (BESI.AS) on Friday forecast higher sales for the second quarter after the chipmaking equipment supplier reported first-quarter revenue above company estimate.
The Dutch multinational company said it exceeded anticipated quarterly shipment levels despite global supply chain disruptions and flooding at one of its production facilities.
Based on feedback from customers and suppliers, BE Semiconductor expects its revenue to rise nearly 10% in April-June, as compared with the previous quarter.
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BESI’s first-quarter revenue came in at 202.4 million euros ($212.9 million), up 17.9% from the final quarter of 2021. Earlier this year, the group had forecast first-quarter revenue growth of around 15% from the previous quarter. read more
The group also reported orders of 204.8 million euros in the first three months of the year, up 1.1% from the fourth quarter, but down 37.4% from the first quarter of last year.
“It reflected decreased demand from Chinese sub-contractors for both smartphone and mainstream electronics applications,” Chief Executive Officer Richard Blickman said in a statement.
The Amsterdam-listed company said its order intake in 2022 has been limited by lower demand for high-end smartphones, weakness in Chinese markets and global GDP uncertainties.
Its Dutch peer ASM International (ASMI.AS) in April forecast a rise in second-quarter revenue after reporting record revenue and order intake in the first three months of 2022. read more
($1 = 0.9508 euros)
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Reporting by Anait Miridzhanian; Editing by Jacqueline Wong and Sherry Jacob-Phillips
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