With a turnover of more than 9 billion euros (from a record of 6.8 billion in 2016), ASML has – again – put down a record in 2017. Net income amounted to more than 2 billion (1.5B in 2016). The last quarter of the year contributed with a turnover of 2.56 billion euros (with a gross margin of more than 45%) considerably to this. The margin over 2017 amounted to 45%, slightly more than in 2015. Due to the good results, the dividend rises again: shareholders will receive €1.40 per share (instead of €1.20 last year).
“ASML generated record sales and net income in 2017, helped by a strong fourth quarter. Due to industry strength, some customers requested earlier shipments of their lithography systems, which we were able to accommodate. Earlier-than-expected revenue recognition of two Extreme Ultraviolet (EUV) systems contributed to the strong performance in the fourth quarter as well. With EUV sales crossing the 1.1 billion euro mark, 2017 was the year in which preparations for inserting EUV into high-volume chip manufacturing shifted into a higher gear. This is underlined by orders for 10 more EUV systems in the fourth quarter. Sales of our Holistic Lithography and Installed Base Management products also showed significant growth in 2017,” ASML President and Chief Executive Officer Peter Wennink said.
Growth will continue this year, ASML expects. For the first quarter of 2018, ASML expects to have around 2.2 billion in revenues and a gross margin of around 47%. CEO Peter Wennink: “These results reflect the strong growth fundamentals in our industry, which enable the continued innovation in personal electronics, artificial intelligence, cloud computing and mobility. For 2018 we expect continued solid growth of sales and profitability.”
Photo: CEO Peter Wennink and CFO Wolfgang Nickl – ASML
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