AEM reports revenue of S$80.2 million and profit before tax of S$15.9 million for 1Q2021

Business Performance For the 1st Quarter Ended 31 March 2021 and Outlook Statement

  • Group’s 1Q2021 revenue at S$80.2 million is the second-highest 1Q after record-breaking 1Q2020
  • Next-generation handlers on track to start high volume ramp at customer sites in late 3Q 2021 and into FY2022
  • Technology acquisitions and in-house R&D bearing results with engineering engagements with 10 out of the top 20 semiconductor companies for potential volume ramp in FY2022 / 2023
  • CEI Limited became a subsidiary of the Group with effect 19 March 2021
  • Entered the memory IC test market with ATECO investment
  • The Group’s revenue guidance for FY2021 to be between S$460 million to S$520 million with heavier weighting in 2H2021
  • M&A program continues with a tight integration focus

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