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ASMPT Reports New Records in 2018
December 17, 2018 | ASMPTEstimated reading time: Less than a minute
ASM Pacific Technology Limited posted its results for the third quarter and the nine months ended 30 September 2018.
The Group continued to deliver solid performance, driven largely by the SMT solutions and the back-end equipment segments. All three segments (SMT solutions, back-end equipment, leadframe) achieved new records in the period and the Group is on track to set new booking and billing records for the full year of 2018.
ASMPT reported an increase in sales of 1.1% year-on-year in the third quarter (July to September).
Led by the SMT solutions segment which achieved yet another new record, topping the record set in the previous quarter. The back-end equipment segment also saw higher than expected booking and achieved a year-on-year growth of 5.8%. The continued success of the Group in winning market share is well reflected in the strong bookings of these two segments. The book to bill ratio for the third quarter was 0.94. The backlog as of the end of the third quarter amounted to $769.8 million, an increase of 33.1% from the same period last year.
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