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ASM International NV is a leading supplier of semiconductor equipment and solutions. The company's core business involves the design, manufacture, and sale of wafer processing equipment for the semiconductor industry worldwide. With a strong focus on innovation and quality, ASM International NV has achieved double-digit full-year revenue growth, outperforming the market in 2023. The company recently announced the expansion of its operations in the U.S. and a share buyback program, demonstrating its commitment to driving shareholder value. ASM International NV is poised for continued success and growth in the semiconductor industry.
ASM International N.V. reported strong Q1 2023 results, with revenues reaching €710 million, a 40% year-over-year increase at constant currencies. However, new orders dropped to €647 million, reflecting a 6% decline due to softening market conditions. The normalized gross profit margin improved to 51.1%, while the normalized operating result rose to €221 million. Net earnings for the quarter were €380.4 million, boosted by a non-cash reversal of €215 million related to ASMPT stake impairment. Despite positive growth, the company anticipates a decrease in sales for the second half of 2023 by at least 10% compared to the first half. Overall, ASM expects a single-digit revenue growth for the full year, amidst a declining wafer equipment market.
ASM International N.V. has announced that it will report its first quarter 2023 financial results on April 25, 2023, at approximately 6:00 p.m. CET.
The company will host a quarterly earnings conference call and webcast on April 26, 2023, at 3:00 p.m. CET. Participants are encouraged to pre-register to receive access details.
ASM International specializes in designing and manufacturing equipment and solutions for semiconductor device production, with a presence in the United States, Europe, and Asia. Its stock is traded on the Euronext Amsterdam under the symbol ASMIY.
ASM International N.V., based in Almere, the Netherlands, has announced that materials for the Annual General Meeting (AGM) on May 15, 2023, are now available on its website. The AGM will start at 2:00 p.m. CET and can be attended in person, by proxy voting, or via a live webcast. Key agenda items include a change in the Management Board's remuneration policy, the proposal to declare a €2.50 dividend per share, and reappointment of KPMG for the 2023 and 2024 financial years. The record date is April 17, 2023, with a total of 49,348,548 shares issued.
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