ASM International NV

ASM

Equity

ISIN NL0000334118 / Valor 538608

Euronext - Euronext Amsterdam (2024-11-21)

EUR 496.40+1.16%

ASM International NV
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About company

ASM International NV is a leading provider of wafer processing equipment to semiconductor manufacturers, specializing in the deposition of thin films. The company designs, manufactures, sells, and services deposition tools that enable customers to produce advanced semiconductor devices and integrated circuits. With a focus on cutting-edge technology and innovation, ASM International NV plays a crucial role in the semiconductor industry by providing essential equipment for the production of high-quality electronic components.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

ASM International NV reported revenue of €706 million for Q2 2024, marking a 6% increase at constant currencies compared to the same quarter last year. This figure slightly exceeded the top end of their guidance range of €660-700 million.

Gross Profit Margin

The adjusted gross profit margin for ASM International NV in Q2 2024 increased to 49.8%, up from 49.0% in Q2 2023. This improvement was attributed to a favorable mix and strong sales in China.

Operating Result Margin

ASM International NV's adjusted operating result margin decreased to 25.8% in Q2 2024, compared to 26.9% in the same quarter last year. The margin was negatively impacted by a one-off tax charge related to the accelerated vesting of previously granted performance shares.

Future Revenue Projections

For Q3 2024, ASM International NV projects revenue to be in the range of €740-780 million. Additionally, the company expects revenue for the second half of 2024 to increase by around 15% compared to the first half.

Dividends and Share Buyback

In Q2 2024, ASM International NV paid €135 million in dividends to its shareholders and repurchased €59 million worth of its own shares as part of a €150 million share buyback program initiated on May 15, 2024.

Summarized from source with an LLMView Source

Key figures

9.11%1Y

15.1%3Y

400%5Y

Performance

41.6%1Y

45.0%3Y

46.5%5Y

Volatility