ASM International N.V : Excellent Q1, outlook upgraded for 2021
>Q1 2021 results significantly higher than expected - Sales came in at € 394m, in line with the consensus of € 393.5m and at the top of the € 380-400m guidance range. This figure shows q-o-q growth of 14% and y-o-y growth of 21.2%. The gross margin came to 49.5%, well ahead of the consensus of 46.4%, thanks to the mix effect. Operating profit came to € 124.5m, or an operating margin of 31.6%, ahead of the consensus of € 101.8m and 25.8%. Adjusted net income amounted t...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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