ASML profits boosted by market upswing

14th July 2004, Comments 0 comments

14 July 2004 , AMSTERDAM — Profiting from an improved market, Dutch semi-conductor equipment maker ASML has transformed a net loss of EUR 64 million in the second quarter of 2003 to a EUR 65 million net profit in the same period this year.

14 July 2004

AMSTERDAM — Profiting from an improved market, Dutch semi-conductor equipment maker ASML has transformed a net loss of EUR 64 million in the second quarter of 2003 to a EUR 65 million net profit in the same period this year.

ASML recorded a net profit of EUR 21 million in the first three months of this year and chief executive Doug Dunn said the improved second quarterly results reflected a continuing market upturn.

"And we expect that the positive market conditions will stay with us well into 2005," he said. But ASML refused to make a definite profit forecast for 2004.

Turnover amounted to EUR 616 million compared with EUR 329 million 12 months previously. Gross margin rose to 35.6 percent, compared with 22 percent in the second quarter of 2003.

Semi-conductor equipment sales improve in correlation with the rise in sales of computers, mobile phones and digital cameras, all of which need chips, newspaper De Volkskrant reported.

As ASML profited from an upsurge in the market, the Wednesday-issued results exceeded most analyst expectations. But in the absence of a definite profit forecast, ASML stocks dipped 0.8 percent after the opening of the AEX stock market.

[Copyright Expatica News + Novum Nieuws 2004]

Subject: Dutch news

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