Besi sees higher Q4 sales due to strong orders

(Reuters) -BE Semiconductor Industries (Besi) said on Thursday it expects its fourth-quarter sales to rise compared to the previous one due to higher bookings.

The Dutch chip making equipment supplier expects revenue to increase by 15% to 25% in the period, after it fell 15.3% year-on-year to 132.7 million euros ($154.75 million) in the third-quarter.

Still, its orders in the third quarter rose 15.1% to 174.7 million euros, helped by an increase in bookings by Asian subcontractos for data center applications, it said.

The better outlook reflects higher demand from the industry's leading AI players, Chief Executive Richard Blickman said in a statement.

Besi, which makes the world's most accurate hybrid bonding tool, said it expects fourth-quarter gross margin to be in a range between 61% and 63% compared with 62.2% in the third quarter.

($1 = 0.8575 euros)

(Reporting by Ozan Ergenay in Gdansk, editing by Anna Pruchnicka)

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