LONDON Dutch semiconductor equipment ASM International N.V. made net profits of Euros 13.1 million ($16 million) in the third quarter, down from Euros 17.4 million in the second quarter, on sales of Euros 213.4 million, down 9 percent sequentially.
ASMI (Bilthoven, the Netherlands) said second half front-end sales are expected to be comparable to that of the first half and added that full-year earnings before interest, tax, amortisation and depreciation (EBITDA) were expected to be "double digit".
The company suggested the weakening of the U.S. dollar and dollar related currencies against the Euro impacted sales negatively.
Bookings for the quarter fell 28 percent to Euros 184.5 million from the previous quarter. Quarter-end backlog stood at Euros 251.7 million, down 10 percent from the second quarter of 2006.
ASMI did not provide any comments on its stance Monday (Oct. 30) regarding a possible break-up of the company.
Earlier this month the company said that it decided not to break up the semiconductor-equipment provider but agreed to allow the splitting up of the company to go to a shareholder vote. This is due to be voted on during an EGM on November 27.