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2014-04-23

ASM International NV: ASM INTERNATIONAL N.V. REPORTS FIRST QUARTER 2014 RESULTS

Almere, The Netherlands
April 23, 2014

ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports
today its first quarter 2014 operating results (unaudited) in accordance with
US GAAP.
FINANCIAL HIGHLIGHTS

The pro-forma figures1)show ASMI numbers whereby ASMPT is deconsolidated.

---------------------------------------------------------------------------------------------------------
| Quarter |
|EUR million Pro-forma Q4 2013 Q1 2014 |
| |
| Q1 2013 |
|New orders 105.9 133.1 172.1 |
|Net sales 80.0 126.9 150.7 |
|Gross profit margin % 37.7 % 39.3 % 43.7 % |
|Operating results 1.1 15.8 32.5 |
|Result from investments (excl. amortization and fair value purchase price (0.5 ) 1.5 5.7 |
|allocation) |
|Remeasurement gain, realized gain on sale of ASMPT shares, amortization and 1,407.5 (343.2 ) (5.4 ) |
|fair value adjustments |
|Net earnings 1,410.1 (334.0 ) 27.1 |
|Normalized net earnings (excl. remeasurement gain realized gain on sale of 2.6 9.3 32.5 |
|ASMPT shares, amortization and fair value adjustments) |
---------------------------------------------------------------------------------------------------------
* Net sales for the first quarter 2014 increased with 19% compared to the
fourth quarter and increased with 88% year-on-year, mainly driven by ALD
and PEALD sales which were substantially higher than in the comparable
periods last year.
* Net earnings improved due to strong margin improvement, caused by high
sales and positive mix effects and the improvement in the result from
investments, which in Q4 included €4.0 million restructuring charges in
ASMPT.

1)
Following the close of the sale on March 15, 2013 of a 12% share in ASMPT, the
entity in which the Back-end segment is organized, ASMI's shareholding is
reduced to 40%. As a consequence, as from March 15, 2013 the results of ASMPT
are deconsolidated. From that date onwards the net result of ASMPT is
reported on the line 'result from investments'. In 2013 a purchase price
allocation took place, which was finalized in the fourth quarter, resulting
in the recognition and subsequent amortization of certain intangible assets.

COMMENT

Commenting on the results, Chuck del Prado, President and Chief Executive
Officer of ASM International said:
"Q1 2014 was the best quarter for ASMI Front-end in its history. Order intake
was with €172 million at a record level, an increase of 29% compared to the
previous quarter, while sales increased with 19%. Again ALD and PEALD were
the main drivers for the order intake and for sales. Our gross margin, due to
high sales, a very strong mix and as an effect of supply chain changes made
in the past years, reached a level of more than 43%. While cost remained
stable quarter on quarter, operating result margin surpassed the 20% level.
Free cash flow of €60 million was driven by the operating result in
combination with strong improvements in working capital."

OUTLOOK

For Q2 2014 we expect for sales a low single digit decrease, on a currency
comparable base. For the second half of 2014, the current visibility remains
limited. After the very high order intake in Q1, the Q2 2014 order intake is
expected to show a strong double digit decrease as compared to Q1 2014, on a
currency comparable base.

About ASM International

ASM International NV, headquartered in Almere, the Netherlands, its
subsidiaries and participations design and manufacture equipment and
materials used to produce semiconductor devices. ASM International, its
subsidiaries and participations provide production solutions for wafer
processing (Front-end segment) as well as for assembly&packaging and surface
mount technology (Back-end segment) through facilities in the United States,
Europe, Japan and Asia. ASM International's common stock trades on NASDAQ
(symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For
more information, visit ASMI's website atwww.asm.com.

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act
of 1995: All matters discussed in this statement, except for any historical
data, are forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These include, but are not
limited to, economic conditions and trends in the semiconductor industry
generally and the timing of the industry cycles specifically, currency
fluctuations, corporate transactions, financing and liquidity matters, the
success of restructurings, the timing of significant orders, market
acceptance of new products, competitive factors, litigation involving
intellectual property, shareholder and other issues, commercial and economic
disruption due to natural disasters, terrorist activity, armed conflict or
political instability, epidemics and other risks indicated in the Company's
filings from time to time with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company's reports on Form 20-F and Form
6-K. The Company assumes no obligation nor intends to update or revise any
forward-looking statements to reflect future developments or circumstances.

ASM International will host an investor conference call and web cast on
Thursday, April 24, 2014 at 15:00 Continental European Time (9:00 a.m. - US
Eastern Time).

The teleconference dial-in numbers are as follows:

* United States: +1 646 254 3370
* International: +44 20 3427 1927
* The Netherlands: +31 20 716 8253
* Access Code: 8392302

A simultaneous audio web cast will be accessible atwww.asm.com.

CONTACT

Investor contact:

Victor Bareño
T: +31 88 100 8500
E: victor.bareno@asm.com

Mary Jo Dieckhaus
T: +1 212 986 2900
E: maryjo.dieckhaus@asm.com

Media contact:

Ian Bickerton
T: +31 625 018 512

Press Release First Quarter 2014 Results
http://hugin.info/132090/R/1779348/607998.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ASM International NV via Globenewswire

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