BESI $BESI (-5,23%) presented Q2'25-quarter figures with sales of €148.1 mln, up 2.8% on Q1 but 2.1% below last year. Orders fell to €128.0 mln (-3.0% QoQ, -30.9% YoY), illustrating continued pressure in the wafer level packaging market. Gross margin came in at 63.3% due to slightly lower utilization rates at new pick-and-place bonders. Thanks to efficient cost management, net profit increased to €32.1 mln, bringing the net margin to 21.6%. For Q3, BESI expects revenue decline of 5-15%, gross margin of 60-62% and order recovery due to increasing capital investment in semiconductor assembly.
Forecast vs realization:
- Sales €150 mln: ✖
- Orders €130 mln: ✖
- Gross margin 64%: ✖
- Net profit €31 mln: ✔