ASMPT announces 2019 Financial Performance
Audited Financial Results
The world’s No.1 semiconductor assembly and packaging solutions supplier ASM Pacific Technology Limited announced its annual results for the year 2019. Despite the global economic uncertainties amid the trade war and weaker demand for some end-markets, ASMPT made good progress with the success in implementing a range of initiatives such as focusing on higher growth markets and realigning operations to reduce costs.
ASMPT reported the total Group Revenue of US $2.03 billion was achieved for the year ended 31 December 2019, representing a decreased of 18.8% compared to 2018. A net profit of HK$622.4 million was reported overall, for 2019.
Back-end Equipment Segment continue to hold No.1 position in the global market, with a further widened revenue gap with the closest rival. Advanced Packaging tools contributed to more than 20% of the revenue of the segment for this fiscal year.
The SMT solutions saw it reaping a revenue of US$896.6 million – a decreased of 12.6% over 2018. there were weak economic conditions and the slowdown in automotive demand, the SMT Solutions Segment benefitted from the increase in 5G infrastructure-related investments.
In 2019, the Materials Segment recorded four consecutive quarters of QoQ growth in bookings, which shows that the semiconductor industry is clearly on the path of recovery.
During the announcement, Mr Lee Wai Kwong, Chief Executive Officer of ASMPT, said, “We ended the year with increased optimism that the global semiconductor industry is expected to stage a 2020 recovery. However, given the widespread nature of the COVID-19 outbreak and the fact that it is still evolving, the impact to the industry is unclear and difficult to estimate at this point in time. Based on our best estimate at the time of this announcement, we anticipate that Q1 2020 Group revenue will be in the range of between US $370 - $450 million, and more likely that group will record a loss for Q1 2020,”.
More details of the announcement can be read from here.
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