SINGAPORE – ASM Pacific Technology’s SMT solutions segment posted 2018 revenue up 19.1% to $1.03 billion, contributing 41.1% to the firm’s revenue.

During the second half, revenue for ASMPT’s SMT solutions segment was $594.3 million, up 15.3% from 2017 and 37.9% over the preceding six months.

In the fourth quarter, the segment had revenue of $315.5 million, up 40.3% year-over-year and 12.9% sequentially. Orders grew 16.7% in 2018 to $1.07 billion.

ASMPT reported total group revenue grew 11.6% year-over-year to $2.5 billion in 2018. Consolidated profit after tax for the year was $281.6 million, down 20.9% compared to 2017.

Orders grew 10% to $2.6 billion, setting a new record. The firm’s book-to-bill ratio was 1.03. Backlog as of end of the year was $654.9 million, an increase of 21.6% year-over-year. Orders of both the backend equipment segment and the SMT solutions achieved year-over-year double-digit growth rates, with SMT orders attaining a new record.

“The strong performance of the group was largely driven by the strong demand of IC/discrete equipment, lead frames and SMT solutions,” said CEO Lee Wai Kwong. “All three business segments achieved new revenue records in both 2017 and 2018. The SMT solutions segment saw its revenue exceed $1 billion in 2018, with a record segment profit of HK$1.27 billion.”