VILLACH, Austria -- In the first six months of 2003, wafer cleaning equipment company SEZ Group made a net loss of CHF 5.8 million (Swiss Francs, or about US$4.1 million) on sales of CHF 69.0 million (about US$49.2 million) the company reported Wednesday (August 27, 2003)
The first half's net sales compared with CHF 96.6 million (about US$68.8 million) in the same period of 2002 and with CHF 33.3 million (about US$23.7 million) in the first quarter of 2003 (see May 6 story).
The net loss compared to one of CHF 2.1 million (about US$1.5 million) for the same period of 2002.
Consolidated half-year results include costs of CHF 1.9 million (about US$1.35 million) related to corporate restructuring after dissolving its wet-bench business, which was completed on June 30, 2003. During the reporting period, the SEZ Group reduced its global workforce by more than 20 percent to total less than 600 employees.
However, the company said it has experienced an increase in orders for its 300-mm spin processors since the second quarter of 2003. The pick-up in demand is driven primarily by its customers in the Asia-Pacific region and Japan, the company said.
As a result of the positive order intake, which is expected to continue into the third quarter, the SEZ Group raised its sales forecast for the 2003 business year by CHF 10 million (about US$7.1 million) so that the company expects consolidated net sales between CHF 140 million and CHF 165 million (about US$100 million and US$120 million).