ASML Holding Expects Long-Term Demand, Growth as It Kicks off EUR12 Billion Buyback
11 November 2022 - 4:15AM
Dow Jones News
By Joe Hoppe
ASML Holding NV said Thursday that it sees longer-term wafer
demand and capacity showing healthy growth despite
macroeconomic-driven near-term uncertainties, and announced a new
12.0 billion euro ($12.02 billion) share buyback.
Speaking ahead of its investor day meeting on Friday, the Dutch
semiconductor-equipment maker said expanding application space and
industry innovation are expected to keep fueling growth across
semiconductor markets, and it plans to adjust its capacity to meet
future demand.
The company said it expects a substantial growth opportunity to
achieve annual revenue of between around EUR30 billion and EUR40
billion in 2025, with a gross margin of between 54% and 56%. It
further expects annual revenue to be between around EUR44 billion
and EUR60 billion in 2030.
ASML said it expects to continue to return significant cash to
shareholders through a combination of growing dividends and share
buybacks, and announced a new buyback program, effective from
Friday and to be carried out by the end of 2025.
It said it intends to repurchase up to EUR12 billion of shares.
Repurchased shares will either be used to cover employee share
plans, or cancelled.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
November 10, 2022 12:00 ET (17:00 GMT)
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