The company did suffer from flooding at a factory in Malaysia, which meant that certain deliveries were sent out later. The new orders also turned out higher than Besi had predicted.
Besi, which makes equipment for assembling chips, has been doing good business for some time. The worldwide strong demand for computer chips is also producing strong results for supply companies. In the fourth quarter, the company from Duiven turned over €171.7 million compared to €109.7 million a year earlier. The profit came in at €67.1 million. At the end of 2020, that was still €44.6 million.
“Besi also becomes one of the stars of the chip industry”
That is what DFT reporter @WoutervanBergen thinks
‘Besi, too, is beginning to develop into one of the stars of the chip industry in the eyes of some analysts. Bank of America noted in a recent report that Richard Blickman’s company could grow to 85% market share and become ‘the ASML’ of hybrid bonding, the corner of the chip manufacturing process in which Besi operates. Things sometimes go wrong there too, given the damage caused by rainfall at one of its production locations in Malaysia, but the order growth was higher than experts had foreseen.’
Turnover for the whole of 2021 was €749.3 million, an annual increase of almost three quarters. Net profit more than doubled in that period from €132.3 million to €282.4 million, partly because significantly more mobile phones were sold due to the transition to 5G.
The problems in the chip sector with deliveries are not over yet, Besi expects. For the current quarter, the company points out that supply chain disruptions at Besi and its customers continue to play a role. At the same time, the company believes that demand will remain high and still has €327 million in orders in the order book. That amount will continue to grow, CEO Richard Blickman reports.