AMSTERDAM--Dutch semiconductor equipment maker ASML Holding NV
(ASML) Thursday said third quarter net profit increased 4.6%, due
to a tax gain and said it expects flat sales for 2013 supported by
the first shipments of its next generation EUV machine.
MAIN FACTS:
- Fourth quarter sales dropped 15.7% to 1.02 billion euro
compared to 1.21 billion euro in the fourth quarter of 2011.
- Net profit increased by 4.6% to 298 million euro, helped by a
115.8 million euro net tax benefit.
- Net booking, excluding EUV, for the fourth quarter were 667
million euro, compared to 831 million euro in the third quarter of
2012.
- The systems backlog, excluding EUV, dropped by 9.7% on a
quarterly basis to 1.21 billion euro.
- In the fourth quarter ASML released EUR 119.5 million of its
liability for unrecognized tax benefits after successful conclusion
of tax audits in different jurisdictions, which resulted in a net
tax benefit of 115.8 million euro for the quarter.
- ASML expects net sales for 2013 at a similar level to that of
2012, with a slow 1Q start, recovering in 2Q and a relatively large
second half.
- ASML will ship its first NXE:3300B EUV tool in Q2 targeting
for a maximum of 11 potential shipments in 2013, representing a net
sales value of around 700 million euro.
- For the first quarter of 2013, ASML expects net sales of about
850 million euro, gross margin of about 38%, R&D costs of 185
million euro, other income of 16 million euro which consists of
contributions from participants of the Customer Co-Investment
Program and SG&A costs of 63 million euro including 6 million
euro in expenses related to the pending Cymer acquisition.
- ASML will propose a dividend for 2012 of 0.53 euro per
ordinary share compared with a dividend of 0.46 euro per ordinary
share paid in 2011.
- By Amsterdam Bureau, Dow Jones Newswires;
amsterdam@dowjones.com
Order free Annual Report for ASML Holding NV
Visit http://djnweurope.ar.wilink.com/?ticker=NL0010273215 or
call +44 (0)208 391 6028
Order free Annual Report for ASML Holding NV
Visit http://djnweurope.ar.wilink.com/?ticker=USN070592100 or
call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires