ASM INTERNATIONAL UPDATES SALES & EARNINGS ESTIMATES FOR SECOND
BILTHOVEN, THE NETHERLANDS - JUNE 8 , 2001 --- Citing revised delivery schedules ASM
International N.V. (Nasdaq: ASMI and Euronext Stock Exchange in Amsterdam:
ASM) today reduced its forecast for the second quarter of 2001 from the guidance given on April 23rd. ASM
International's latest projection is that second quarter net earnings will be approximately half the level reported for
the first quarter of 2001.
Net sales will be 25% or more below the first quarter level of Euro 200.6 million. Net earnings are expected to
be in the Euro 8 - 10 million range.
The Company announced that recent requests from customers for order push-outs, in combination with the
application of SAB 101 revenue recognition rules on the newest generation of equipment, have led to delays on
Euro 25 - 35 million of sales originally anticipated for the current quarter. These revenues will now be recognized
over the next one or two quarters.
The Company indicated that because the reschedulings occur within 2001, these developments do not materially
change ASMI's view of the full year. However, the Company cautioned that firm bookings continue to be at low
levels and second half year visibility remains limited.
Looking beyond the next two quarters, the Company noted that several of the major customers with whom we
achieved design wins for our successful 300 mm equipment as tools-of-choice are currently developing new
production expansion and/or licensing arrangements, amongst others for the Asian market. Customer indications
are that these plans will lead to high production volumes for ASMI's front-end operations commencing in the first
quarter of 2002. Firm orders for these plans are expected over the next few quarters and therefore not yet
included in the Company's current order backlog. ASM International is taking the necessary steps to ensure that
its worldwide organization is ramped to meet this anticipated 2002 volume d