Dutch hi-tech company ASML profits rise

Jan 18, 2012

ASML, key global supplier of computer chip-making systems and high-tech bellwether, Wednesday posted record sales for 2011 alongside a fourth-quarter slump of nearly 30 percent in net income.

Sales for 2011 stood at 5.6 billion euros (U$7.1 billion), up from 4.5 billion euros in 2010, it said in a statement.

Fourth quarter was 285 million euros, easily beating analyst forecasts for 229.5 million euros compiled by Dow Jones Newswires.

Sales in the last three months of 2011 were 1.2 billion euros, down 20 percent year-on-year, said.

The group, based in southern Netherlands, received 37 new orders in the fourth quarter worth 710 million euros, 14 more than in the third quarter but significantly less compared with the same period last year.

"We expect a healthy start for 2012 as we plan first quarter bookings for 2012 at above that of the fourth quarter last year," ASML chief executive Eric Meurice said in the statement.

ASML estimate sales of 1.2 billion euros in the first quarter of 2012 and 2.4 billion for the first half of the year.

"ASML intends to increase the by 15 percent compared with last year," it said, saying it would propose a dividend of 0.46 euros per ordinary share, compared to 0.40 euros paid in 2010.

The group employs 8,000 workers and serves in more than 55 locations in 16 countries.

Explore further: Monoprice takes on Amazon in trade of cheap electronics

add to favorites email to friend print save as pdf

Related Stories

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.

Dutch tech company ASML posts profit rise

Oct 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.

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.

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.

'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.

Recommended for you

Chinese tech giant Alibaba set to make a splash with US IPO

11 hours ago

The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba Group - a Chinese e-commerce behemoth - has decided to go public in the U.S. after months of speculation that it would ...

Ex-Apple chief plans mobile phone for India

Apr 19, 2014

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

User comments : 0

More news stories

Growing app industry has developers racing to keep up

Smartphone application developers say they are challenged by the glut of apps as well as the need to update their software to keep up with evolving phone technology, making creative pricing strategies essential to finding ...

Easter morning delivery for space station

Space station astronauts got a special Easter treat: a cargo ship full of supplies. The shipment arrived Sunday morning via the SpaceX company's Dragon cargo capsule.