ASM UPDATES Q4 GUIDANCE
ASM International N.V. announces an update regarding US export restrictions impacting sales to China, projecting a 15-25% decline in this segment, accounting for 16% of total revenue. Q4 2022 sales guidance is raised to €630-660 million from €600-630 million due to higher sales and better backlog conversions. The book-to-bill ratio is expected to exceed 1 in Q4 2022. The company continues to navigate challenges while experiencing robust demand in specific segments.
- Q4 2022 sales guidance raised to €630-660 million from €600-630 million.
- Increased backlog conversions from Q3 2022.
- Healthy demand in logic/foundry and power/analog segments.
- Expected book-to-bill ratio above 1 in Q4 2022.
- US export restrictions expected to reduce sales to China by 15-25%.
- Sales to China accounted for 16% of total revenue in the first nine months of 2022.
Almere, The Netherlands
November 28, 2022, 5:45 p.m. CET
ASM International N.V. (Euronext Amsterdam: ASM) today provides an update on the expected impact of the recently announced US export restriction as well as an update on the guidance for Q4 2022.
On October 25, 2022, we reported that the export regulations that were issued by the US government on October 7, 2022, had an expected negative impact on
As a result of somewhat higher sales to China, combined with a slightly higher than expected conversion of backlog into shipments in other regions, we now project Q4 2022 sales of
On October 25, we also announced that we had reduced our Q3 2022 backlog as a result of the export restrictions which were announced on October 7, 2022. We now expect to rebook part of these tool orders in Q4 2022 and in early 2023, depending on the outcome of discussions with customers. In part driven by these rebookings, and also supported by continued healthy demand in the logic/foundry, and power/analog segments, and including LPE, we expect the book-to-bill in Q4 2022 to be a bit above 1.
About ASM International
ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International's common stock trades on the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASM's website at www.asm.com
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.
CONTACT
Investor and media contact:
Victor Bareño
T: +31 88 100 8500
E: investor.relations@asm.com
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