Dizzy to think of the money that keeps coming out like this water.
BE Semiconductor (BESI), a supplier of chip manufacturing equipment from the Netherlands, has lowered its fourth quarter (4Q) revenue outlook following the floods that hit Malaysia.
According to a statement issued by the company, heavy rains followed by floods have affected its main production facility in Shah Alam Malaysia and had to stop the installation of products worth around 25 million Euros.
In addition, the cost of repairing or reproducing the affected system as well as material and labor related costs reach the range of 4 to 6 million Euros and the cost of repairing the affected buildings and equipment may exceed 2 million Euros.
That string, IRON predicts a fall of around 15 to 20 per cent in 4Q yields compared to 3Q which was achieved at 5 to 10 per cent.
Meanwhile, BESI also expects 4Q orders to reach around 180 to 190 million Euros, an increase of 157.3 million Euros from what was recorded in 4Q last year.
