Dutch tech company ASML posts profit rise

October 12, 2011

Dutch company ASML, a key global supplier of computer chip-making systems, said Wednesday net profits had jumped 32 percent in the third quarter and maintained its outlook to achieve record sales by the end of 2011.

For the three months to September, said net profit came in at 355 million euros, above a composite estimate of 335.8 million by analysts surveyed by Dow Jones Newswires.

"Despite the current turbulent macro-economic environment, ASMLs strong business model and the industry need for the latest lithography technologies enable us to reiterate our expectation of 2011 revenues of about 5.5 billion euros," chief executive Eric Meurice said in a statement.

Third quarter new orders came to 23 worth 514 million euros, down from 34 orders in the three months to June.

The company has about 7,800 employees in 16 countries. It claims to be the world's leading provider of lithography systems for the , manufacturing machines for the production of or chips.

The company said it would not yet provide an outlook for 2012 as it was too early to anticipate the business environment next year.

"Customers are very uncertain about what the future is going to bring," chief financial officer Peter Wennink told AFP.

ASML posted record sales and profits in 2010 with an order book worth 3.86 billion euros.

Explore further: Dutch tech company ASML posts record profits

Related Stories

Dutch semiconductor tech company ASML reports profit

April 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.

ASML quarterly profits soar, record year expected

April 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.

ASML announces 151 mln euro net loss for 2009

January 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

July 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.

'Collapse' in semiconductor demand hits ASML

April 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.

Recommended for you

Samsung to disable Note 7 phones in recall effort

December 9, 2016

Samsung announced Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

0 comments

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.