ASM Int'l Normalized Profit Rises

(RTTNews) - ASM International N.V. (ASMI) Wednesday reported first-quarter net earnings of 27 million euros, compared with 1.41 billion euros last year.

Results for the prior-year quarter included 1.4 billion euros of remeasurement gain, realized gain on sale of ASMPT shares, amortization and fair value adjustments.

Excluding items, normalized earnings for the quarter were higher at 32.5 million euros, compared with 2.6 million euros a year ago.

Sales for the quarter climbed to 150.7 million euros from 80 million euros in the prior year.

For the second quarter, ASM expects sales to decline in the low single digit decrease, on a currency comparable base. For the second half of 2014, the current visibility remains limited.

ASM International, headquartered in Almere, the Netherlands, makes equipment and materials used to produce semiconductor devices.