Bloomberg News

ASML Profit Rises 80% as Clients Add Capacity for New Technology

July 13, 2011

July 13 (Bloomberg) -- ASML Holding NV, Europe’s biggest semiconductor-equipment maker, said second-quarter profit rose more than 80 percent as chip manufacturers added capacity and shifted to more advanced-technology machines.

Net income climbed to 432 million euros ($604 million) from 239 million euros a year earlier. Sales advanced to 1.53 billion euros from 1.07 billion euros. Profit had been seen at 411.6 million euros on sales of 1.5 billion euros, according to the average estimate of 17 analysts in a Bloomberg survey.

ASML said it’s sticking to a forecast for 2011 revenue “clearly above” 5 billion euros.

“Our second quarter sales came in at record level, keeping us on track for another record year,” Chief Executive Officer Eric Meurice said in a statement today.

The Veldhoven, Netherlands-based company booked orders worth 840 million euros in the second quarter. The company had previously predicted second-quarter order intake of between 900 million euros and 1 billion euros.

“Customers have become more hesitant,” Chief Financial Officer Peter Wennink said on the company’s website.

Third-quarter orders “are likely not to exceed 500 million euros,” the company said. ASML expects sales of around 1.4 billion euros in the current quarter.

Global semiconductor revenue will grow 5.1 percent this year to $315 billion with “residual effects” from the Japan earthquake in the third quarter, market researcher Gartner Inc. said June 21. Previously, Gartner had predicted a rise of 6.2 percent this year.

ASML is the world’s largest maker of machines to project lines on the silicon slices from which chips are made. Its main rival is Japan’s Nikon Corp. Applied Materials Inc., based in Santa Clara, California, is the world’s largest maker of semiconductor equipment.

--Editors: Jerrold Colten, Tom Lavell

To contact the reporter on this story: Maaike Noordhuis in Amsterdam at mnoordhuis@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus