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.

"We closed the year as planned with improved sales and strong bookings as the semiconductor business recovers," company chief executive officer Eric Meurice said in a statement.

The 2009 compared to a of 322 million euros in 2008, while the fourth quarter figure represented an improvement on an 88-million-euro net loss recorded in the same period a year earlier.

ASML said net sales for the year were 46 percent lower at 1.6 billion euros than 2008 sales of 2.9 billion euros. For the quarter, sales grew to 581 million euros from 555 million euros in the previous quarter and 494 million euros in the fourth quarter of 2008.

The company received orders for 40 of its systems to the value of 956 million euros in the fourth quarter, and "expects bookings of the same order of magnitude for the first quarter of 2010, confirming an upturn of the ," said Meurice.

ASML expected net sales of about 700 million euros for the first quarter of 2010 and about 950 million in the next.

" will submit a proposal to the 2010 general meeting of shareholders to declare an unchanged dividend paid in respect of 2009 of 20 euro cents per ordinary share -- approximately 87 million euros," the statement said.

The company has about 6,500 employees in 15 countries. It claims to be the world's leading provider of lithography systems for the semiconductor industry, manufacturing machines for the production of or chips.

Explore further: Court won't restore Oracle's $1.3B verdict vs. SAP

add to favorites email to friend print save as pdf

Related Stories

'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.

'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 ...

Philips posts surprise profit as cost cuts help

Oct 12, 2009

Dutch electronics giant Philips reported on Monday a surprise profit for the third quarter as a series of cost cutting measures to cope with the global slump helped the bottomline.

Semiconductor giant Infineon upgrades outlook

Nov 19, 2009

German semi-conductor maker Infineon on Thursday upgraded its turnover and profits forecast over the next 12 months because of higher demand from the auto industry and cost cuts.

Recommended for you

Chinese e-commerce rivals challenge Alibaba (Update)

19 hours ago

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Nigeria launches national identity card scheme

Aug 28, 2014

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

User comments : 0