Dutch high-tech group ASML reports Q1 profits slump

Apr 18, 2012

The Dutch company ASML, a supplier of computer chip-making systems and a global high-tech bellwether, posted on Wednesday a 28 percent drop in first-quarter profit owing to weaker demand.

Net profit stood at 282 million euros ($370 million), slightly better than an average analyst forecast of 279 million euros compiled by Newswires.

Group sales dipped by 13.8 percent to 1.25 billion euros, but stayed within ASML's targets, a company statement said, following a drop in for microprocessors.

ASML stressed however that it expected sales to remain stable until at least September.

"Financial results in the first quarter were in line with our guidance, supporting our expectations for first half 2012 net sales of about 2.4 billion euros," ASML chief executive Eric Meurice said.

"We see sales stability at current Q1 levels for the next two quarters," he added.

ASML picked up 36 new orders worth 865 million euros in the first quarter, compared with 37 new orders in the fourth quarter last year, it said.

The group's order book was now worth 1.6 billion euros, it said.

ASML operates in 16 countries and is considered an accurate indicator of conditions in the microprocessing industry.

It manufactures machines used to make and semiconductors and has 8,000 full-time employees.

Explore further: EU Parliament votes to break up Google

add to favorites email to friend print save as pdf

Related Stories

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.

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 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

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

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

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.