ASM International N.V : A decent publication, but an adjustment on 2023 is necessary due to new US regulations on China
>Q3 2022 earnings > forecasts - ASMi reported its Q3 2022 earnings which beat expectations with robust orders, despite the impact of the new US restrictions on exports to China. Sales in Q3 totalled € 610m, above the consensus of € 583m (guidance of € 570-600m), a y-o-y increase of 33% cc (+41% reported). The gross margin stood at 48.1% vs the consensus at 47.7%. Operating profit came to € 160m, or an operating margin of 26.2%, close to the consensus of € 155m and 2...ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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