Almere,
Continued robust market demand fuels strong quarterly performance
FINANCIAL HIGHLIGHTS
EUR million | Q2 2020 | Q1 2021 | Q2 2021 |
New orders | 298.0 | 410.6 | 515.7 |
Revenue | 341.8 | 394.0 | 411.7 |
Gross profit margin % | 48.3 | 49.5 | 48.1 |
Operating result | 87.6 | 124.5 | 118.4 |
Operating result margin % | 25.6 | 31.6 | 28.7 |
Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013) | 10.7 | 13.9 | 19.3 |
Amortization intangible assets (resulting from the sale of ASMPT stake in 2013) | (3.3) | (3.0) | (3.0) |
Net earnings | 74.1 | 122.5 | 108.4 |
Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares) | 77.4 | 125.5 | 111.4 |
- New orders of €516 million for the second quarter 2021 increased by 73% compared to the same period last year. This is consistent with our announcement on
July 1, 2021 , that order intake in the second quarter clearly exceeded the previous guidance. - Year-on-year revenue growth for the second quarter 2021 was 29% at constant currencies (20% as reported).
- Gross profit margin of 48.1% was close to last year’s margin of 48.3%.
- Operating result for the second quarter 2021 improved from €88 million last year to €118 million this year mainly driven by strong revenue growth.
- Normalized net earnings for the second quarter 2021 were €111 million, a significant improvement compared to same quarter last year.
COMMENT
“Our company delivered again a strong quarter,” said
OUTLOOK
For Q3, on a currency comparable level, we expect sales of €400-430 million. Q3 bookings, on a currency comparable level, are expected to be in a range of €510-530 million, and also include orders that are planned to be shipped in 2022. Continued tight supply chain conditions are reflected in our sales guidance for Q3 and, based on the current visibility, are also expected to have some impact in Q4, although we do expect Q4 sales to increase compared to the level in Q3. Based upon the current market developments, the wafer fab equipment (WFE) market is expected to grow by a high twenties to low thirties percentage in 2021.
SHARE BUYBACK PROGRAM
On
The share buyback program will take place within the limitations of the authority granted by the shareholders during the Annual General Meeting which was held on
Progress of the share buyback program will be updated on a weekly base, starting on
WITHDRAWAL OF TREASURY SHARES
ASMI further announces that the withdrawal of 500,000 treasury shares, as earlier approved by the AGM 2021, has become effective as of
INVESTOR DAY
We confirm our plan to host our Investor Day on
About
Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, epidemics and other risks indicated in the Company's reports and financial statements. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
The teleconference dial-in numbers are as follows:
- United States: +1 631 5107 495
- International: +44 (0) 8445 718 892
- The Netherlands: +31 (0) 20 71 435 45
- Access Code: 3968920
A simultaneous audio webcast and replay will be accessible at www.asm.com.
CONTACT
Investor and media contact:
T: +31 88 100 8500
E: victor.bareno@asm.com
Attachment
- 20210727 - Financial results Q2 2021
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