ASML: sharpest faller on AEX; a soft start to 2019
(CercleFinance.com) - As the sharpest faller on Amsterdam's AEX 25 this morning, the ASML share is currently down over 2%, with a cautious outlook for the beginning of 2019.
The Dutch semi-conductor equipment manufacturer posted Q4 2018 sales of 3.1 billion euros, after 2.8 billion euros in Q3, meaning total billings of 10.9 billion euros (+22.1% y-o-y). FY net income came in at 2.6 billion euros, or 6.1 euros per share (+26.8%). The next AGM will be asked to raise the 2018 dividend by 50% to 2.1 euros per share.
Still, net orders of 2018 fell 12.5% over one year to 8.2 billion euros. In this context, ASML anticipates a sharp sequential decline in its sales in the first quarter of 2019, reaching 2.1 billion euros. However, the consensus was expecting about 2.7 billion euros, reports an analyst in Paris. Likewise, the group's gross margin is expected to decline as well, this is partly due to a fire at a supplier last year, but also shifts in orders from clients from the first half of 2019 to the second.
For the full year of 2019, company boss Peter Wennink expects to report sales growth - especially in the second half of the year. Its gross margin is also expected to be increase in H2 relative to H1.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Dutch semi-conductor equipment manufacturer posted Q4 2018 sales of 3.1 billion euros, after 2.8 billion euros in Q3, meaning total billings of 10.9 billion euros (+22.1% y-o-y). FY net income came in at 2.6 billion euros, or 6.1 euros per share (+26.8%). The next AGM will be asked to raise the 2018 dividend by 50% to 2.1 euros per share.
Still, net orders of 2018 fell 12.5% over one year to 8.2 billion euros. In this context, ASML anticipates a sharp sequential decline in its sales in the first quarter of 2019, reaching 2.1 billion euros. However, the consensus was expecting about 2.7 billion euros, reports an analyst in Paris. Likewise, the group's gross margin is expected to decline as well, this is partly due to a fire at a supplier last year, but also shifts in orders from clients from the first half of 2019 to the second.
For the full year of 2019, company boss Peter Wennink expects to report sales growth - especially in the second half of the year. Its gross margin is also expected to be increase in H2 relative to H1.
Copyright (c) 2019 CercleFinance.com. All rights reserved.