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Duiven , the Netherlands , April 30 , 2021 BE Semiconductor Industries N.V. ( the " Company " or " Besi " ) ( Euronext Amsterdam : BESI ; OTC markets : BESIY , Nasdaq International Designation ) , a leading manufacturer of assembly equipment for the semiconductor industry , today announced its results for the first quarter ended March 31 , 2021 . PRESS RELEASE Revenue of € 143.2 Million and Net Income of € 37.6 Million Up 56.8 % and 170.5 % , Respectively , vs. Q1-20 Orders of € 327.1 Million , Up 107.9 % vs. Q4-20 and 175.8 % vs. Q1-20 Key Highlights • Revenue of € 143.2 million , up 30.5 % versus Q4-20 primarily due to higher shipments for high end mobile applications with 5G features and functionality . At lower end of prior guidance as some scheduled Q1-21 shipments were delivered in Q2-21 due to certain supply chain constraints . Up 56.8 % versus Q1-20 ● BE Semiconductor Industries N.V. Announces Q1-21 Results • Orders of € 327.1 million , up 107.9 % and 175.8 % versus Q4-20 and Q1-20 , respectively , due primarily to higher bookings for mobile , automotive and high - performance computing applications • Gross margin of 58.2 % roughly equal to Q4-20 ( 58.3 % ) and up 1.5 points versus Q1-20 due to more favorable product mix and increased production efficiencies Besi Operating income rose 18.9 % and 157.4 % versus Q4-20 and Q1-20 , respectively , due primarily to significantly higher revenue levels and ongoing initiatives to limit overhead growth • Net income of € 37.6 million versus € 44.6 million in Q4-20 , down € 7.0 million versus Q4-20 due to absence of € 11.2 million tax benefit recorded in Q4-20 and higher share - based compensation . Up € 23.7 million ( + 170.5 % ) versus Q1-20 ● • Cash and deposits of € 605.8 million rose 41.7 % versus Q1-20 . Similarly , net cash of € 216.2 million increased 45.8 % versus Q1-20 Outlook Q2-21 revenue expected to grow approximately 30-40 % versus Q1-21 . Gross margin anticipated to range between 58-60 % ( € millions , except EPS ) Revenue Orders Operating Income EBITDA Q4-2020 Q1-2020 109.7 91.3 157.3 118.6 40.7 18.8 45.5 24.0 Net Income * 44.6 13.9 EPS ( basic ) 0.62 0.19 EPS ( diluted ) 0.55 0.19 Net Cash & Deposits 216.2 198.7 148.3 + 45.8 % * Includes € 11.2 million deferred tax benefits in Q4-20 and share - based compensation expense of € 9.8 million , € 1.5 million and € 5.8 million in Q1-21 , Q4-20 and Q1-20 , respectively . 30 April 2021 Q1-2021 143.2 327.1 48.4 52.6 37.6 0.51 0.47 A + 30.5 % + 107.9 % + 18.9 % + 15.6 % -15.7 % -17.7 % -14.5 % + 8.8 % A + 56.8 % + 175.8 % + 157.4 % + 119.2 % + 170.5 % + 168.4 % + 147.4 % Richard W. Blickman , President and Chief Executive Officer of Besi , commented : " Besi's Q1-21 results highlighted the strength and resilience of our business as we scale production to meet strong demand for our advanced packaging equipment in a challenging environment . Revenue increased by 30.5 % versus Q4-20 and by 56.8 % versus Q1-20 due primarily to a new smart phone cycle featuring enhanced 5G features and functionality as well as a recovery in sales for automotive 1