BE Semiconductor Industries N.V.

Earnings Release • Jul 27, 2010

PRESS RELEASE

Record Quarterly Orders and Backlog. Revenue and Profitability Exceed Expectations

Duiven, the Netherlands, July 27, 2010 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (NYSE Euronext: BESI), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the second quarter ended June 30, 2010.

Key Highlights

• Q2-10 orders up 37.4% vs. Q1-10 as industry recovery continues. Order growth primarily related to increased demand for die attach systems by Asian assembly subcontractors
• Q2-10 revenue growth of 58.1% and gross margins of 38.7% exceed prior guidance
• Backlog of € 136.0 million up 48.3% vs. Q1-10
• Net income of € 15.4 million in Q2-10 vs. € 2.6 million net loss in Q1-10
• Adjusted net income of € 11.0 million vs. € 1.2 million in Q1-10 excluding tax and restructuring items
• Q3-10 outlook: Sequential quarterly profit improvement continues on 10-15% forecast revenue growth

(€ millions)	Q2-2010	Q1-2010	Δ	Q2-2009	Δ
Revenue	89.5	56.6	58.1%	30.5	193.9%
Operating income (loss)	13.9	(1.0)	NM	32.2	(56.8%)
EBITDA	16.2	1.1	NM	34.4	NM
Net income (loss)	15.4	(2.6)	NM	31.5	(51.1%)
Adjusted net income (loss)a	11.0	1.2	NM	(10.9)	NM
EPS
Orders	133.7	97.3	37.4%	37.5	256.4%
Backlog	136.0	91.7	48.3%	40.6	234.7%
Cash flow (deficit) from ops.	(0.4)	(16.9)	NM	(2.6)	NM
Cash	48.1	47.7	0.8%	72.2	(33.3%)
Total Debt	49.4	46.8	5.5%	54.1	(8.7%)

a Excludes in Q2-10 € 4.8 million net deferred tax asset write-up and € 0.4 million restructuring charges, net primarily related to Besi's wire bonding operations. See accompanying tables.

Richard W. Blickman, President and Chief Executive Officer of Besi, commented: "We are pleased to report that Besi returned to profitability in the second quarter of 2010. Shipment and order levels increased significantly due to the continued expansion of industry demand for memory, personal computing and smart phone devices and our ability to ramp production at our global facilities more rapidly than anticipated. Record backlog of € 136.0 million resulted primarily from a substantial increase in orders for our die attach equipment by Asian subcontractors and IDMs as they continue to build assembly capacity in response to elevated demand for semiconductor devices. Our priority continues to be the expansion of our production capacity and supply chain to meet accelerated market demand and elevated backlog levels.

Second quarter revenue and net income levels represent the most visible evidence of the progress we have made in transforming Besi via our "One-Besi" organizational restructuring and acquisitions into a broad based equipment supplier efficiently serving both mainstream and niche assembly markets. Second quarter revenue and gross margins exceeded prior guidance and adjusted net margins reached 12.3%. Profitability in the second quarter of 2010 was favorably influenced by sequential revenue growth of 58%, improved gross margins and operating leverage as we were able to ramp revenue with only a limited increase in our overhead levels. We expect positive sequential profit trends to continue into the third quarter of 2010 based on forecasted revenue growth of 10-15%."

Quarterly Financial Performance

Our quarterly financial performance has improved significantly since 2009 due to improved industry conditions, the acquisition of Esec in April 2009 and benefits from our restructuring and Esec integration efforts. Set forth below is a summary of Besi's quarterly combined revenue, adjusted net income (loss) and backlog for 2009 and the first half of 2010 as if the Esec acquisition had occurred on January 1, 2009.

(€ millions)	Proforma Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010	Q2 2010
Revenue	21.1	30.5	48.7	53.2	56.6	89.5
Adjusted net income (loss)	(19.2)	(10.9)	(6.0)	(3.8)	1.2	11.0
Backlog	33.6	40.6	44.9	51.0	91.7	136.0

Second Quarter Results of Operations

Besi's quarterly sequential revenue increase of € 32.9 million (58.1%) in the second quarter of 2010 was primarily due to increased shipments of die attach systems and higher than anticipated order levels, a portion of which were shipped during the quarter. The increase was above prior guidance (+40-45%). Revenue in the second quarter of 2010 substantially exceeded the € 30.5 million reported in the second quarter of 2009, a period which reflected the impact of the most recent industry downturn.

Orders for the second quarter of 2010 were € 133.7 million, an increase of € 36.4 million, or 37.4%, as compared to the first quarter of 2010 and an increase of € 96.2 million as compared to the second quarter of 2009. Quarterly sequential order growth was primarily focused on increased orders for Besi's portfolio of die attach systems and, to a lesser extent, packaging systems as the industry recovery continued and customers added assembly capacity for new and existing applications. On a customer basis, sequential order growth in the second quarter of 2010 reflected a € 14.7 million (25.6%) increase by subcontractors and a € 21.7 million (54.5%) increase by IDMs. Backlog at June 30, 2010, was € 136.0 million, an increase of € 44.3 million, or 48.3%, as compared to March 31, 2010, with shipment delivery dates scheduled primarily over the next six months.

Besi's gross margin for the second quarter of 2010 was 38.7% as compared to an adjusted gross margin of 37.9% in the first quarter of 2010 and 30.5% in the second quarter of 2009 and exceeded prior guidance (36-38%). The increase as compared to the first quarter of 2010 was due primarily to higher revenue levels and a more favourable product mix.

Besi's operating expenses excluding restructuring charges were € 20.3 million in the second quarter of 2010 as compared to € 17.9 million in the first quarter of 2010. Second quarter 2010 operating expenses included charges of € 0.4 million mainly related to Besi's wire bonding operations. The sequential operating expense increase was primarily due to (i) higher development spending primarily as a result of lower R&D capitalization levels as new products were commercially introduced and (ii) higher selling expenses in support of expanded sales activities. In the second quarter of 2010, Besi capitalized € 1.2 million of development expenses as compared to € 1.9 million in the first quarter of 2010. As a % of revenue, total operating expenses (excluding restructuring charges) declined to 22.7% in the second quarter of 2010 as compared to 31.7% in the first quarter of 2010 due to the benefits of Besi's cost reduction efforts combined with higher rates of revenue growth.

Net financial expense was € 0.9 million in the second quarter of 2010 as compared to € 0.5 million in the first quarter of 2010. In the first quarter of 2010, Besi recognized a one-time gain of € 0.8 million from the repurchase of € 8.5 million of its 5.5% Convertible Notes at a discount. Foreign exchange losses on hedging contracts were € 0.3 million and € 0.7 million in each of the second and first quarters of 2010, respectively.

Besi recorded a net tax benefit of € 2.3 million in the second quarter of 2010 due to a € 4.8 million tax benefit related to a re-assessment of the recoverability of net operating losses at its Esec subsidiary due to its improved profitability and prospects.

Half Year Results 2010/2009

For the first half year 2010, Besi's revenue increased to € 146.1 million as compared to € 46.0 million in the first half year 2009 due to the expansion and acceleration of the industry recovery which began in the second quarter of 2009 combined with significant revenue contributed by Esec's die bonding and wire bonding units from their April 2009 acquisition date. Similarly, orders for the first half of 2010 were € 231.0 million as compared to € 50.3 million for the first half of 2009.

For the first half of 2010, Besi recorded adjusted net income of € 12.2 million (€ 0.36 per share) as compared to an adjusted net loss of € 18.2 million (or € 0.57 per share) for the first half of 2009. The improvement in adjusted net income in the first half of 2010 was due primarily to significantly higher revenue and gross margin levels, improved pricing conditions and the Company's restructuring and Esec integration efforts which resulted in substantially increased operating efficiencies. Set forth below is a reconciliation of Besi's reported and adjusted net income (loss) for each of the respective half-year periods.

(€ millions)	HY1-2010	HY1-2009
Reported net income	12.8	22.1
Restructuring charges, net	5.0	2.9
Deferred tax write-up	(4.8)	-
Gain on debt retirement	(0.8)	-
Acquisition gain, net	-	(41.2)
Release purchase commitments	-	(1.7)
Taxes/other	-	(0.3)
Adjusted net income (loss)	12.2	(18.2)

Financial Condition

Our cash and cash equivalents were € 48.1 million at June 30, 2010 as compared to € 47.7 million at March 31, 2010. Total debt and capital leases increased from € 46.8 million at March 31, 2010 to € 49.4 million at June 30, 2010. The € 2.2 million sequential decrease in Besi's net cash position at June 30, 2010 was primarily due to the funding of € 17.2 million of increased working capital requirements in support of a 37.4% quarterly sequential order increase partially offset by profits and depreciation/amortization generated during the period.

Outlook

We have experienced broad based growth in demand across our entire system portfolio beginning in the third quarter of 2009 consistent with the global economic recovery. Our revenue and order growth rates accelerated commencing in the first quarter of 2010 due to an expansion of demand by our semiconductor customers to increase capacity for memory, personal computing and smart phone device applications.

Based on our June 30, 2010 backlog and feedback from customers, we forecast for Q3-10 that:

• Revenue will increase by approximately 10%-15% as compared to the € 89.5 million reported in Q2-10.
• Gross margins will range between 37.5%-39.5% as compared to 38.7% realized in Q2-10.
• Operating expenses will increase by approximately 10%-15% as compared to € 20.3 million (ex restructuring) reported in Q2-10.
• Capital expenditures will be approximately € 1.6 million as compared to € 2.0 million in Q2-10.

As a result, we anticipate that our adjusted net profit will improve sequentially in Q3-10 as compared to Q2-10.

Half Year Report 2010

In accordance with the interim reporting requirements of the Dutch Financial Supervision Act (Wft), the EU Transparency Directive and IAS 34 Interim Financial Reporting, the complete Half Year Report 2010 is also available and can be downloaded from Besi's website: www.besi.com.

Investor and media conference call

A conference call and webcast for investors and media will be held today at 4 p.m. CET (10:00 a.m. New York time). The dial-in for the conference call is (31) 10 29 44 228. To access the audio webcast, please visit www.besi.com.

About Besi

Besi is a leading supplier of semiconductor assembly equipment for the global semiconductor and electronics industries. The Company develops leading edge assembly processes and equipment for leadframe, array connect and wafer level packaging applications in a wide range of end-user markets including electronics, computer, automotive, industrial, RFID, LED and solar energy. Customers are primarily leading semiconductor manufacturers, assembly subcontractors and electronics and industrial companies. Besi's ordinary shares are listed on NYSE Euronext Amsterdam (symbol: BESI) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

Contacts:

Richard W. Blickman Jan Willem Ruinemans President & CEO Chief Financial Officer Tel. (31) 26 319 4500 Tel. (31) 26 319 4500 investor.relations@besi.com investor.relations@besi.com

European IR contact:

Uneke Dekkers/Frank Jansen Citigate First Financial Tel. (31) 20 575 4021 / 24

Caution Concerning Forward Looking Statements

This press release contains statements about management's future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, backlog, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as "anticipate", "estimate", "expect", "can", "intend", "believes", "may", "plan", "predict", "project", "forecast", "will", "would", and similar expressions are intended to identify forward looking statements, although not all forward looking statements contain these identifying words. The financial guidance set forth under the heading "Outlook" constitute forward looking statements. While these forward looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward looking statements, including our inability to maintain continued demand for our products, the impact of the worldwide economic downturn on our business, failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; failure to adequately decrease costs and expenses as revenues decline, loss of significant customers, lengthening of the sales cycle, incurring additional restructuring charges in the future, acts of terrorism and violence; risks, such as changes in trade regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; those additional risk factors set forth in Besi's annual report for the year ended December 31, 2009 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

Consolidated Statements of Operations

(euro in thousands, except share and per share data)

		Three Months Ended	Six Months Endedc
		June 30,		June 30,
		(unaudited)		(unaudited)
	2010	2009	2010	2009
Revenue	89,492	30,453	146,068	46,019
Cost of sales	54,828	19,507	92,529	32,513
Gross profit	34,664	10,946	53,539	13,506
Acquisition gain	-	41,207	-	41,207
Selling, general and administrative expenses	14,643	13,368	28,864	22,039
Research and development expenses	6,078	6,581	11,719	9,752
Total operating expenses	20,721	19,949	40,583	31,791
Operating income (loss)	13,943	32,204	12,956	22,922
Financial expense (income), net	850	1,229	1,342	1,876
Income (loss) before taxes	13,093	30,975	11,614	21,046
Income tax expense (benefit)	(2,309)	(512)	(1,186)	(1,078)
Net income (loss)	15,402	31,487	12,800	22,124
Net income (loss) per share – basic Net income (loss) per share – diluted	0.45 0.40b	0.94 0.78a	0.38 0.35b	0.69 0.59a
Number of shares used in computing per share amounts: - basic	33,906,626	33,553,773	33,856,065	32,192,107
- diluted	39,340,773b	40,954,849a	39,290,211b	39,482,652a

^a The calculation of the diluted income (loss) per share assumes conversion of the Company's 5.5% convertible

notes due 2012 as such conversion would have a dilutive effect (7,082,927 ordinary shares). b The calculation of the diluted income (loss) per share assumes conversion of the Company's 5.5% convertible notes due 2012 as such conversion would have a dilutive effect (5,434,146 ordinary shares). c

A portion of Q1 restructuring charges were reallocated from selling, general and administrative expenses to R&D expenses (€ 0.8 mio) and cost of sales (€ 2.6 mio)

Consolidated Statements of Operations

For the Three Months ended June 30, 2010 excluding Restructuring and Other Adjustments

(for analysis purposes only)

(euro in thousands, except share and per share data)

Three Months Ended June 30, 2010
As reported	Adjustments	As Adjusted
89,492	-	89,492
54,828	-	54,828
34,664	-	34,664
14,643	(400)a	14,243
6,078	-	6,078
20,721	(400)	20,321
13,943	400	14,343
850	-	850
13,093	400	13,493
(2,309)		2,491
15,402	(4,400)	11,002
		0.32
0.40c	(0.11)	0.29
33,906,626 39,340,773	33,906,626 39,340,773	33,906,626 39,340,773
	0.45	4,800b (0.13)

a Severance and other charges related to the restructuring of Besi's wire bonding operations.

^b Net tax benefit of € 4.8 million primarily related to a re-assessment of the recoverability of net operating losses at Esec subsidiary due to its improved profitability and prospects.

^c The calculation of the diluted income (loss) per share assumes conversion of the Company's 5.5% outstanding Convertible Notes due 2012 as such conversion would have a dilutive effect (5,434,146 ordinary shares).

(euro in thousands)	June 30,	March 31,	December
	2010	2010	31, 2009
	(unaudited)	(unaudited)	(audited)
ASSETS
Cash and cash equivalents	48,092	47,714	73,125
Accounts receivable	75,423	52,391	36,341
Inventories	72,860	65,158	55,133
Income tax receivable	698	515	487
Other current assets	9,384	9,296	7,714
Total current assets	206,457	175,074	172,800
Property, plant and equipment	26,316	24,863	24,312
Goodwill	44,435	43,686	43,162
Other intangible assets	22,114	21,244	19,696
Deferred tax assets	10,646	8,717	8,429
Other non-current assets	1,239	1,215	1,141
Total non-current assets	104,750	99,725	96,740
Total assets	311,207	274,799	269,540
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	17,962	15,526	13,908
Current portion of long-term debt and
financial leases	2,376	1,962	1,911
Accounts payable	39,171	31,334	27,290
Accrued liabilities	37,371	35,844	30,247
Total current liabilities	96,880	84,666	73,356
Convertible notes	27,155	27,021	35,068
Other long-term debt and financial
leases	1,879	2,258	2,570
Deferred tax liabilities	656	518	530
Other non-current liabilities	1,471	1,322	1,740
Total non-current liabilities	31,161	31,119	39,908
Total equity	183,166	159,014	156,276
Total liabilities and equity	311,207	274,799	269,540

Consolidated Balance Sheets

The financial information has been prepared in accordance with IFRS.

(euro in thousands)		Three Months Ended	Six Months Ended
		June 30,		June 30,
		(unaudited)		(unaudited)
	2010	2009	2010	2009
Cash flows from operating activities:
Net income (loss)	15,402	31,487	12,800	22,124
Depreciation and amortization	2,300	2,183	4,342	4,140
Other non-cash items	(934)	(359)	(527)	(1,252)
Badwill arising from acquisition	-	(41,207)	-	(41,207)
Changes in working capital	(17,206)	5,297	(33,926)	5,708
Net cash provided by (used in) operating activities	(438)	(2,599)	(17,311)	(10,487)
Cash flows from investing activities: Capital expenditures Capitalized development expenses Cash inflow on acquisition	(1,988) (1,207)	(235) (1,771) 19,462	(2,892) (3,106)	(177) (3,117) 19,462
Proceeds from sale of equipment	- 100	44	- 100	44
Net cash used in investing activities	(3,095)	17,500	(5,898)	16,212
Cash flows from financing activities: Payments of (proceeds from) bank lines of credit Payments of debt and financial leases Repurchase of convertible notes Other financing activities	2,850 (880) - -	(1,288) (454) - -	4,202 (1,839) (7,352) (45)	(3,173) (4,208) - -
Net cash provided by (used in) financing activities	1,970	(1,742)	(5,034)	(7,381)
Net increase/(decrease) in cash and cash equivalents	(1,563)	13,159	(28,243)	(1,656)
Effect of changes in exchange rates on cash and cash equivalents	1,941	(205)	3,210	(152)
Cash and cash equivalents at beginning of the period	47,714	59,246	73,125	74,008
Cash and cash equivalents at end of the period	48,092	72,200	48,092	72,200

Consolidated Cash Flow Statements

Supplemental Information (unaudited)

(euro in millions, unless stated otherwise)

REVENUE	Q1-2008		Q2-2008		Q3-2008		Q4-2008		Q1-2009		Q2-2009		Q3-2009		Q4-2009		Q1-2010		Q2-2010
Per geography:
Asia Pacific	24.4	66%	30.2	65%	22.3	64%	14.5	48%	8.3	53%	24.0	79%	36.7	76%	40.0	75%	44.6	79%	73.1	82%
Europe and ROW	9.2	25%	14.6	31%	10.3	29%	12.4	41%	5.1	33%	4.2	14%	8.2	17%	7.1	13%	8.2	14%	9.7	11%
USA	3.5	9%	1.7	4%	2.6	7%	3.7	12%	2.2	14%	2.3	8%	3.8	8%	6.1	11%	3.8	7%	6.7	7%
Total	37.1	100%	46.5	100%	35.2	100%	30.6	100%	15.6	100%	30.5	100%	48.7	100%	53.2	100%	56.6	100%	89.5	100%
ORDERS	Q1-2008		Q2-2008		Q3-2008		Q4-2008		Q1-2009		Q2-2009		Q3-2009		Q4-2009		Q1-2010		Q2-2010
Per geography: Asia Pacific	23.9	61%	30.1	67%	14.2	59%	11	60%	6.8	53%	28.6	76%	42.1	80%	47.9	81%	80.6	83%	108.3	81%
Europe and ROW	12.4	31%	12.9	29%	7.0	29%	3.6	20%	4.0	31%	5.0	13%	7.7	15%	7.2	12%	9.8	10%	16.8	13%
USA	3.1	8%	1.8	4%	3.0	12%	3.6	20%	2.0	16%	3.9	10%	3.1	6%	4.1	7%	6.9	7%	8.6	6%
Total	39.4	100%	44.8	100%	24.2	100%	18.2	100%	12.8	100%	37.5	100%	52.9	100%	59.2	100%	97.3	100%	133.7	100%
Per customer type:
IDM	22.4	57%	21.4	48%	14.8	61%	12.8	70%	5.9	46%	16	43%	18.4	35%	27.7	47%	39.8	41%	61.5	46%
Subcontractors	17.0	43%	23.4	52%	9.4	39%	5.4	30%	6.9	54%	21.5	57%	34.5	65%	31.5	53%	57.5	59%	72.2	54%
Total	39.4	100%	44.8	100%	24.2	100%	18.2	100%	12.8	100%	37.5	100%	52.9	100%	59.2	100%	97.3	100%	133.7	100%
BACKLOG	Mar 31, 2008		Jun 30, 2008		Sep 30, 2008		Dec 31, 2008		Mar 31, 2009		Jun 30, 2009 1)		Sep 30, 2009 1)		Dec 31, 2009 1)		Mar 31, 2010		June 30, 2010
Backlog	50.6		48.9		37.8		25.4		22.6		40.6		44.8		51.0		91.7		136.0
1) Including opening backlog Esec HEADCOUNT 2)
	Mar 31, 2008		Jun 30, 2008		Sep 30, 2008		Dec 31, 2008		Mar 31, 2009		Jun 30, 2009		Sep 30, 2009		Dec 31, 2009		Mar 31, 2010		June 30, 2010
Europe	633	55%	651	55%	660	55%	650	55%	583	54%	766	54%	750	54%	728	53%	684	50%	683	48%
Asia Pacific	475	41%	477	41%	490	41%	485	41%	463	43%	613	43%	601	43%	614	44%	640	47%	699	49%
USA	51	4%	48	4%	46	4%	47	4%	42	4%	41	3%	42	3%	42	3%	43	3%	40	3%
Total	1,159	100%	1,176	100%	1,196	100%	1,182	100%	1,088	100%	1,420	100%	1,393	100%	1,384	100%	1,367	100%	1,422	100%
2) Excluding temporary staff
OTHER FINANCIAL DATA	Q1-2008		Q2-2008		Q3-2008		Q4-2008		Q1-2009		Q2-2009		Q3-2009		Q4-2009		Q1-2010		Q2-2010
Gross profit:	12.8	34.5%	16.6	35.7%	13.1	37.2%	9.0	29.4%	3.5	22.4%	9.6	31.5%	13.5	27.7%	16.3	30.6%	21.7	38.3%	34.8	38.9%
Amortization of intangibles	(0.3)	-0.9%	(0.3)	-0.7%	(0.3)	-0.8%	(0.4)	-1.3%	(0.3)	-1.4%	(0.3)	-0.8%	(0.3)	-0.6%	(0.2)	-0.3%	(0.2)	-0.3%	(0.1)	-0.2%
Restructuring charges	-		-		-		(0.3)	-1.0%	(0.7)	-4.5%	-		-		(5.4)	-10.2%	(2.6)	-4.6%	-
Release purchase oblig/fair value adj. Esec	-		-		-		-		-		1.6	5.2%	3.4	7.0%	-		-		-
Total	12.5	33.6%	16.3	35.0%	12.8	36.4%	8.3	27.1%	2.6	16.5%	10.9	35.9%	16.6	34.1%	10.7	20.1%	18.9	33.4%	34.7	38.7%
Selling, general and admin expenses:
SG&A expenses	9.5	25.6%	9.4	20.2%	9.2	26.1%	9.3	30.4%	7.2	46.2%	12.7	41.6%	12.4	25.5%	14.1	26.5%	12.9	22.8%	14.1	15.8%
Amortization of intangibles	0.1	0.3%	0.1	0.2%	0.1	0.3%	0.2	0.7%	0.1	0.6%	0.1	0.3%	0.1	0.2%	0.1	0.2%	0.1	0.2%	0.1	0.1%
Restructuring charges	-		-		0.4	1.1%	3.4	11.1%	1.4	9.0%	0.6	2.0%	0.9	1.8%	4.4	8.3%	1.2	2.1%	0.4	0.4%
Acquisition gain	-		-		-		-		-			(41.2) -135.1%	-		-		-		-
Impairment charges	-		-		-		20.2	66.0%	-		-		-		-		-		-
		25.9%		20.4%		27.6%				55.8%		-91.1%		27.5%		35.0%		25.1%		16.3%
Total	9.6		9.5		9.7			33.1 108.2%	8.7		(27.8)		13.4		18.6		14.2		14.6
Research and development expenses:
R&D expenses	5.1	13.7%	4.7	10.1%	3.9	11.1%	4.5	14.7%	4.0	25.6%	8.1	26.6%	6.3	12.9%	6.7	12.6%	6.6	11.7%	6.5	7.3%
Capitalization of R&D charges	(0.7)	-1.9%	(0.7)	-1.5%	(0.7)	-2.0%	(1.4)	-4.6%	(1.3)	-8.3%	(1.8)	-5.9%	(1.7)	-3.5%	(2.1)	-3.9%	(1.9)	-3.4%	(1.2)	-1.3%
Amortization of intangibles	0.3	0.8%	0.3	0.6%	0.4	1.1%	0.3	1.0%	0.3	1.9%	0.3	1.0%	0.3	0.6%	0.5	0.9%	0.2	0.4%	0.8	0.9%
Restructuring charges	-		-		-		0.1	0.3%	0.2	1.3%	-		-		-		0.7	1.2%	-
Total	4.7	12.7%	4.3	9.2%	3.6	10.2%	3.5	11.4%	3.2	20.5%	6.6	21.6%	4.9	10.1%	5.1	9.6%	5.6	9.9%	6.1	6.8%
Financial expense (income), net:
Interest expense (income), net	0.5		0.5		(0.9)		0.5		0.6		0.5		0.7		0.5		(0.2)		0.6
Foreign exchange (gains) \ losses	0.7		(0.5)		-		0.1		0.1		0.7		0.4		(0.1)		0.7		0.3
Non recurring charge related to statutory tax	-		(0.4)		-		-		-		-		-		-		-		-
Total	1.2		(0.4)		(0.9)		0.6		0.7		1.2		1.1		0.4		0.5		0.9
Operating income (loss)
as % of net sales	(1.8)	-4.9%	2.5	5.4%	(0.5)	-1.5%	(28.4)	-92.8%	(9.3)	-59.6%	32.2	105.6%	(1.6)	-3.3%	(13.0)	-24.4%	(1.0)	-1.8%	13.9	15.5%
EBITDA
as % of net sales	0.0	0.0%	4.3	9.2%	1.2	3.5%	(5.9)	-19.3%	(7.3)	-47.0%	34.4	112.8%	1.1	2.3%	(10.1)	-19.0%	1.0	1.8%	16.2	18.1%
Net income (loss)
as % of net sales	(2.1)	-5.7%	2.2	4.8%	0.4	1.0%		(34.0) -111.1%	(9.4)	-60.3%	31.5	103.3%	(3.2)	-6.6%	(13.5)	-25.4%	(2.6)	-4.6%	15.4	17.2%
Income per share
Basic	(0.07)		0.07		0.01		(1.10)		(0.30)		0.94		(0.11)		(0.40)		(0.08)		0.45
Diluted	(0.07)		0.07		0.01		(1.10)		(0.30)		0.78		(0.11)		(0.40)		(0.08)		0.40