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BE Semiconductor Industries N.V. (BESIY) Q2 2023 Earnings Call Transcript

Jul. 29, 2023 11:05 PM ETBE Semiconductor Industries N.V. (BESIY), BESVF
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BE Semiconductor Industries N.V. (OTC:BESIY) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET

Company Participants

Richard Blickman - CEO

Conference Call Participants

Ruben Devos - Kepler Cheuvreux

Charles Shi - Needham and Company

Madeleine Jenkins - UBS

Nigel van Putten - Morgan Stanley

Marc Hesselink - ING

Michael Roeg - Degroof Petercam

Timm Schulze-Melander - Redburn

Didier Scemama - BofA


Good morning, good afternoon, ladies and gentlemen, and welcome to Besi's Quarterly Conference Call and Audio Webcast to discuss the company's 2023 Second Quarter Results. You can log into the audio webcast via Besi's website www.besi.com.

Joining us today are Mr. Richard Blickman, Chief Executive Officer; and Mr. Leon Verweijen, Senior Vice President, Finance. [Operator Instructions] As a reminder, ladies and gentlemen, this conference is being recorded and cannot be reproduced in whole or in part without written permission from the company.

I would now like to turn the call over to Mr. Richard Blickman. Please go ahead, sir.

Richard Blickman

Thank you. Thank you all for joining us today.

We will begin by making a few comments in connection with the press release we issued earlier today and then take your questions. I would like to remind you that some of the comments made during this call and some of the answers in response to your questions by management may contain forward-looking statements. Such statements may involve uncertainties and risks as described in the earnings release and other reports filed with the AFM.

For today's call, we'd like to review the key highlights of our second quarter and six months ended June 30 and also update you on the market our strategy and the outlook. First, some overall thoughts on the second quarter.

Basically, we reported solid second quarter results with revenue and operating profit above

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