CAMTEK LTD.
(Translation of
Registrant’s Name into English)
Ramat Gavriel
Industrial Zone
P.O. Box 544
Migdal Haemek 23150
ISRAEL
(Address of Principal Corporate
Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities and Exchange Act of 1934.
Yes o No x
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CAMTEK LTD. (Registrant) BY: /S/ MOSHE AMIT —————————————— Moshe Amit, Executive Vice President and Chief Financial Officer |
Dated: April 5, 2005
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April 5, 2005
Expects Second Quarter’s Revenues to Return to the $16-18 Million Level
MIGDAL HA’EMEK, Israel, April 5th – Camtek Ltd. (Nasdaq: CAMT) reported today that it expects to report revenues of between $8.5 and $9 million for the first quarter of 2005. The Company anticipates a stronger performance during the rest of the year; the second quarter is already expected to show a recovery with revenues between $16 and $18 million.
Camtek will report its financial results for the first quarter during the third week of May 2005.
Rafi Amit, Camtek’s CEO, commented: “Our first quarter decline in sales was due to a flattening in the demand for production capacity. After a year of exceptional growth in capacity, our customers delayed their purchasing decisions until the very end of the quarter. In fact, we received many of the orders in the first quarter during March, after the Chinese New Year and the major trade show in Shanghai, where our newest models have raised significant interest.”
Rafi Amit continued, “We believe that the flattening in capacity build-up was short-term, and in the second quarter, we have already seen strong indications that our customers are again accelerating their purchase decisions and the demand for production capacity is strengthening. Over the past few weeks, we have seen a significant increase in orders. Therefore, we expect to recognize second quarter revenues of between $16 and $18 million, with revenues growing over the rest of the year.”
ABOUT CAMTEK LTD.
With headquarters in Migdal
Ha’Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic
optical inspection systems and related products. Camtek’s automatic inspection
systems are used to enhance both production processes and yield for manufacturers in the
printed circuit board industry, the high density interconnect substrate industry and the
semiconductor manufacturing and packaging industry. This press release is available at
www.camtek.co.il.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
| CAMTEK: | IR/PR ISRAEL | IR INTERNATIONAL |
| Moshe Amit, CFO | Financial Communication | Ehud Helft / Kenny Green |
| Tel: +972-4-604-8308 | Noam Yellin | GK International |
| Fax: +972-4-604 8300 | Tel: +972 3 6954333 | Tel: (US) 1 866 704 6710 |
| Mobile: +972-5-469-4902 | Fax: +972 544 246720 | kenny@gk-biz.com |
| mosheamit@camtek.co.il | ehud@gk-biz.com |
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