ASM International N.V : A stable H1 2024 does not undermine the scenario of strong growth in 2025, driven by 2nm Gate-All-Around
>Q4 2023 results < forecasts, despite good sales and a decent gross margin, mainly due to forex losses linked to the decline in the dollar - Q4 2023 sales came in at € 633m, +1% q-o-q, but -7% y-o-y. They were 1.3% > the consensus forecast of € 625m. Equipment revenues were down -12% y-o-y and stables q-o-q. In contrast, services and spare parts were up +22% y-o-y and +3% q-o-q at cc. The gross margin was 47.9%, a shade < the consensus of 48.1%. The mix remains favour...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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