UPDATE 1-ASM International reports Q3 EBIT rise

* Q3 net earnings 34 mln euros

* Book-to-bill ratio 1.2

* EBIT 101 million versus 11 mln, slightly misses forecast

AMSTERDAM, 0ct 29 (BestGrowthStock) – Dutch semiconductor equipment
maker ASM International (ASMI.AS: )(ASMI.O: ) on Friday reported a
rise in third quarter net profit, saying new orders and its
backlog increased.

The midcap firm, which makes equipment used for processing,
assembly and packaging of semiconductors, said it expected
double-digit sales growth in the fourth quarter for its
front-end activities, at constant foreign exchange rates,
compared with the third quarter.

EBIT rose to 101 million from 80 million in the second
quarter and 11 million last year. A Reuters poll of four
analysts has forecast EBIT of 103 million euros.

Quarterly sales rose 15 percent to 349 million euros
compared with a forecast for 345 euros from 180 million in 2009.

The firm competes with Applied Materials Inc (AMAT.O: ) and
Novellus Systems Inc (NVLS.O: ).

The company’s back-end activities are grouped in Hong
Kong-listed ASM Pacific Technology (0522.HK: ), in which ASMI
holds a 53 percent stake valued at 1.3 billion euros, well above
ASMI’s own market cap of over 980 million euros.

The discrepancy is at the centre of an ongoing debate
between the company and its shareholders to unlock value. In,
May shareholders agreed to postpone a debate about a potential
break-up of the company until 2012.

(Reporting by Marcel Michelson; Editing by David Cowell)

UPDATE 1-ASM International reports Q3 EBIT rise