* Q2 orders drop 31 pct to 119.5 mln euros from Q1
* Sees double-digit decrease in Q3 revenue
* CEO says drop is in line with rest of industry
* Shares down 5 pct, top loser in Dutch midcap index
(Adds CEO, analyst comment, shares)
By Harro Ten Wolde
AMSTERDAM, July 24 Dutch chip equipment maker
ASM International has warned of a drop in
third-quarter revenue after its orders dropped by a third,
sending its shares to a three-month low.
ASM said it expected a double-digit decrease from its
second-quarter sales of 148.4 million euros ($199.5 million).
"We have seen that some of our customers are absorbing the
investments that they have made in the last quarters, which
drove the lower order intake in the second quarter," ASM Chief
Executive Chuck del Prado said in a statement.
Del Prado told reporters that the drop in orders was in line
with the industry trend and said ASM expected to be in a good
position to benefit when its customers were ready to invest in
new technologies, which is anticipated early next year.
Last week Dutch peer ASML cut its full-year
outlook, saying its customers, which include Samsung Electronics
Co Ltd, Intel Corp and Taiwan Semiconductor
Manufacturing Co Ltd (TSMC), had delayed purchases
ASM shares were down 4.4 percent at 29.255 euros by 0745
GMT, having fallen as low as 28.67 euros, their lowest since
April. The stock was the biggest loser in a 0.2 percent weaker
Dutch midcap index.
"We believe the reported order intake and order intake
guidance could provide some downside risk to consensus sales
numbers for 2014," said ING Robin van den Broek, sticking to his
"buy" recommendation for the stock.
ASM's second-quarter net profit rose to 34.6 million euros
from 27.1 million in the first quarter, mainly due to higher
results from investments.
Analysts polled by Reuters had on average expected a net
profit of 28.6 million euros, with estimates of four analysts
ranging from 21 million to 37.6 million.
($1 = 0.7439 Euros)
(Editing by David Holmes)