SAN JOSE, Calif. Chip-equipment vendor ASM International N.V. (Bilthoven, the Netherlands) said earnings for the third quarter of 2004 amounted to 3.7 million euros (US$4.7 million), compared to a net loss of EUR 9.7 million (US$12.4 million) for the third quarter of 2003.
In the previous quarter, ASMI posted a profit of $4.4 million euros.
Sales for the quarter were 183.8 million euros (US$235.1 million), down 13.3 percent from the second quarter but up 24.7 percent in the like period a year ago.
Sales for company's front-end segment were slightly better than in the second quarter of 2004, while its backend segment was at a lower level compared to sales levels in the second quarter of 2004.
The company expects net sales in the front-end segment to increase during the fourth quarter of 2004. In the backend segment, where the order intake has already weakened, net sales are expected to be lower.
On the consolidated level, net sales and net results in the fourth quarter of 2004 are expected to be at a lower level when compared to the third quarter of 2004. In case the semiconductor market weakens, this may lead to push-outs of deliveries, currently scheduled for the fourth quarter of 2004, which would impact our sales and net results.