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ASM INTERNATIONAL ANNOUNCES 1992 FIRST QUARTER OPERATING RESULTS

 ASM INTERNATIONAL ANNOUNCES 1992 FIRST QUARTER OPERATING RESULTS
 BILTHOVEN, The Netherlands, June 29 /PRNewswire/ -- ASM International N.V. (NASDAQ-NMS: ASMIF), the Netherlands-headquartered global manufacturer of semiconductor equipment, today reported a 10 percent decline in revenues and an operating loss for the first quarter, ended March 31, 1992. Arthur H. del Prado, president and chief executive officer, cited unabating adverse market conditions as a major factor behind the company's weakened results.
 "Prolonged delays in capital spending for new generations of wafer processing equipment continue to impact sales of our front-end equipment, particularly in Europe and Japan," commented del Prado. "However, demand for our back-end equipment, which is influenced by the number and variety of semiconductor circuitry applications, remained firm, resulting in increased sales and profits over the same period a year ago for our subsidiaries manufacturing wire and die borders, trim and form and molding equipment."
 Consolidated revenues were Dfls 84.8 million, down from Dfls 94.0 million for the first three months of 1991. The company incurred a loss of Dfls 10.3 million for the March 1992 quarter, compared to a profit of Dfls 4.3 million in the same period a year ago. The 1991 figure included non-operating income of Dfls 10.2 million from the sale of 10 percent of the common stock of ASM Pacific Technology Ltd.
 Del Prado emphasized that the company has taken additional measures to reduce fixed costs in its front-end operations during this period of reduced demand. "Although uncertainties in the marketplace have tempered our short-term expectations, we continue to position the company for an industry upturn. ASM introduced several new front-end products at SEMICON/WEST this month. These included: the Advance 300/VT, a vertical thermal reactor, which has already generated considerable interest from potential buyers as well as a second significant order from a large U.S.-based manufacturer; new products based on our epitaxial technology; and an enhanced version of our horizontal batch Plasma Enhanced Chemical Vapor Deposition line. We believe batch plasma processing will remain a core process of most integrated circuits well into the 21st century."
 Backlog at March 31, 1992, stood at Dfls 201 million compared to Dfls 178 million at year-end 1991, excluding the amount related to the technology contract with the former USSR.
 "As long as capital spending for semiconductor equipment remains in the doldrums, we do not expect ASM to notice significant improvement in order rates for wafer processing equipment. Should industry projections for recovery in early 1993 hold, ASM should realize improvement in all operating areas," del Prado concluded.
 Advance Semiconductor Materials International N.V. ("ASM International"), headquartered in Bilthoven, designs, manufactures and markets equipment and materials used to produce semiconductor devices. The company provides production solutions for the wafer processing, assembly and encapsulation areas through its facilities in Japan, the United States, Europe and Asia. U.S. operations are headquartered in Phoenix, Ariz.
 NOTE: At March 31, 1992, 1.8506 Dutch guilders equaled one U.S. dollar.
 ASM INTERNATIONAL N.V.
 Consolidated Statements of Earnings (Unaudited)
 (In Netherlands guilders; thousands except per share)
 Three months ended March 31 1992 1991
 Net sales Dfls 84,771 94,042
 Cost and expenses:
 Cost of sales 52,825 58,826
 Selling, general and administrative 29,363 26,246
 Research and development 9,213 9,766
 Interest, net 4,698 4,690
 Foreign currency transaction (gains) losses (1,931) (247)
 Total 94,168 99,281
 Earnings (loss) before income taxes,
 non-operating income and minority interest
 in net earnings of subsidiary (9,397) (5,239)
 Income taxes (credit) 148 436
 Earnings (loss) before non-operating income
 and minority interest in net earnings of
 subsidiary (9,545) (5,675)
 Non-operating income: gain on sale of
 common stock of subsidiary -- 10,155
 Earnings before minority interest in net
 earnings of subsidiary (9,545) 4,480
 Minority interest in net earnings of subsidiary 735 181
 Net earnings (loss) Dfls (10,280) 4,299
 Earnings (loss) per share:
 Before non-operating income and minority
 interest Dfls (1.29) (0.77)
 Before minority interest (1.29) 0.61
 Net earnings (loss) (1.39) 0.58
 Weighted average number of common and
 common equivalent shares outstanding 7,404 7,404
 NOTE: At March 31, 1992, 1.85 Dutch guilders equaled one U.S. dollar.
 -0- 6/29/92
 /CONTACT: Hans-Peter Hukshorn in the Netherlands, 011-31-30-28-18-36, or Mary Jo Dieckhaus in New York, 212-686-8144, both for ASM International/
 (ASMIF) CO: ASM International N.V. ST: Arizona IN: CPR SU: ERN


GK -- NY006 -- 4496 06/29/92 08:07 EDT
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Date:Jun 29, 1992
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