ASML quarterly profits soar, record year expected

Apr 13, 2011

Dutch firm ASML, a global supplier of computer chip-making systems, predicted Wednesday a record year ahead as it posted quarterly profits of 395 million euros, almost four times last year's figure.

The 395 million euro ($572 million) in net profits dwarfed the 107 million euros the company garnered in the first three months of 2010 and was above the predictions of analysts polled by Dow Jones Newswires.

"A strong first quarter confirms our confidence that 2011 is expected to be another record year for ASML," said ASML president and CEO Eric Meurice.

However he admitted that there were problems ahead, not least as a result of the devastating recent earthquake and tsunami in hi-tech Japan.

"The semi-conductor manufacturers are certainly showing caution in assessing the of the Japanese earthquake on their supply chain as well as on the overall end-product market," he said.

A number of deliveries have already had to be "re-timed" he added.

However Meurice assured that such schedule changes do not impact significantly our revenues expectation for the year" expected to hit a record "level clearly above 5 billion euros."

"The structural needs for lithography capacity continue to be sufficiently large for 2011," he said.

refers to the system of transferring circuit patterns onto ever smaller .

employs 7,400 people in 16 countries.

Explore further: Japan's NTT to buy German data centre operator

add to favorites email to friend print save as pdf

Related Stories

Dutch semiconductor tech company ASML reports profit

Apr 14, 2010

Dutch company ASML, a key supplier of computer chip-making systems, said Wednesday it had turned last year's losses into a 107-million-euro first quarter net profit, predicting record 2010 sales.

'Collapse' in semiconductor demand hits ASML

Jul 15, 2009

Dutch computer chip equipment maker ASML announced net losses for the first quarter after a collapse in sales, but said it saw signs of improving market conditions.

ASML announces 151 mln euro net loss for 2009

Jan 20, 2010

Dutch company ASML, a key supplier of computer chip-making systems, reported a 151-million-euro (214-million-dollar) net loss for 2009 despite making a 50-million-euro fourth quarter net profit.

'Collapse' in semiconductor demand hits ASML

Apr 15, 2009

Dutch computer chip equipment maker ASML on Wednesday announced net losses for the first quarter after a collapse in sales, but said it saw signs of improving market conditions.

ASML returns to profit in third quarter, orders up

Oct 14, 2009

(AP) -- ASML Holding NV, a key supplier to computer chip makers, reported Wednesday a net profit of euro20 million ($29.7 million) for the third quarter, ending a nine-month streak of losses, and said new orders had increased ...

Recommended for you

Japan's NTT to buy German data centre operator

Mar 01, 2015

Japanese telecom giant NTT Communications is looking to acquire German data centre operator e-shelter, as it seeks to cash in on growing demand in Europe, a newspaper reported Saturday.

Google hits back at rivals with futuristic HQ plan

Feb 27, 2015

Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley—which is already seeing ambitious projects from Apple ...

Ericsson sues Apple over patent violations

Feb 27, 2015

Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing ...

Stock market shrugs off net neutrality vote

Feb 27, 2015

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.