ICOS Vision Systems Announces Fourth Quarter and Fiscal Year 2007
Results
ICOS Vision Systems decides to discontinue its share repurchase
program
Leuven, Belgium - February 21, 2008 - ICOS Vision Systems
Corporation NV (Euronext: IVIS), a leading supplier of inspection
solutions for the semiconductor industry, today announced results for
the fourth quarter and year ended December 31, 2007.
Revenues for the three months ended December 31, 2007 were 22.5
million Euro, representing a 12 % increase over the third quarter of
2007 revenues of 20.1 million Euro and a 4.5 % increase from the
21.5 million Euro reported in the fourth quarter of 2006. Income
from operations for the fourth quarter of 2007 was 2.6 million Euro,
compared to 1.7 million Euro and 0.1 million Euro reported for the
third quarter of 2007 and fourth quarter of 2006, respectively. Net
income for the fourth quarter of 2007 was 2.8 million Euro, or 27
Eurocents per share.
Revenues for the year 2007 were 80.0 million Euro compared to 105.6
million Euro in 2006. Operating profit in 2007 was 5.6 million
Euro compared to 22.3 million Euro in 2006. Net income for 2007 was
8.0 million Euro, or 79 Eurocents per share, compared to a net income
of 20.1 million Euro, or 1.91 Euro per share, in 2006.
"During the fourth quarter, revenues grew as expected, with all three
product lines contributing to sequential growth," commented Anton De
Proft, ICOS' president and chief executive officer. "We continued to
invest heavily in future products this year, with R&D spending at 19%
of revenues in 2007. This investment will enable ICOS to stay ahead
of the curve as end-market applications for inspection solutions
continue to evolve and our customers' requirements become
increasingly complex."
In view of the voluntary public bid on its shares announced earlier
today, the Board of Directors also decided to discontinue the share
repurchase program, with immediate effect.
ICOS designs and manufactures inspection equipment for semiconductor
packaging and interconnect applications. It is a world-leading
supplier of equipment for the visual inspection of IC's, before they
are used in various applications such as PC's, portable phones or
cars. ICOS' systems perform two- and three-dimensional (2D and 3D)
inspection of IC's, wafers, solar cells, substrates, sockets, etc.
ICOS offers stand-alone inspection systems, as well as inspection
modules for integration. ICOS is headquartered in Leuven, Belgium
and has R&D centers in Belgium, Germany and Hong Kong, sales and
support offices in Japan, the USA, Singapore, Hong Kong, Korea and
Taiwan and production facilities in Belgium, Hong Kong and China.
ICOS Vision Systems NV can be found on www.icos.be
Forward Looking Statements
This press release contains forward looking statements with respect
to the business, financial condition, and results of operations of
ICOS Vision Systems Corporation NV and its affiliated companies
(hereafter ' ICOS'). These statements are based on the current
expectations or beliefs of ICOS' management and are subject to a
number of risks and uncertainties that could cause actual results or
performance to differ materially from those contemplated in such
forward looking statements. These risks and uncertainties relate to
changes in technology and market requirements, the cyclicality of the
markets in which it is active , decline in demand for the company's
products , inability to timely develop and introduce new
technologies, products and applications, and loss of market share and
pressure on pricing resulting from competition which could cause the
actual results or performance of the company to differ materially
from those contemplated in such forward looking statements. Some of
these risk factors were highlighted in the Consolidated and Statutory
Report 2006 of the Board of Directors which can be found in the
Annual Report 2006 page 51-54. ICOS undertakes no obligation to
publicly release any revisions to these forward looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
http://hugin.info/134091/R/1193942/241677.pdf
Copyright © Hugin AS 2008. All rights reserved.
End-of-day quote
Other stock markets
|
||
- EUR | - |
|
- Stock Market
- Equities
- IVIS Stock
- IVIS Stock
- News ICOS VISION-DEMAT
- ICOS VISION-DEMAT : announces Q4 and year 2007 results.