ASM International N.V : Excellent T2, guidance T3 supérieure aux attentes, visibilité sur T4 – Opinion Achat réitérée, OC relevé à 180 € (vs 170 €)
>Des résultats T2 2020 nettement supérieurs aux attentes, notamment grâce à une MB record, favorablement impactée par le mix - Le CA s’établit à 341.8 M€, à +5% et +32% yoy (hors litige avec Kokusai Electric), supérieur au consensus de 330 M€, à notre prévision de 325 M€ et s’inscrit plutôt dans la partie haute de la guidance de 300/350 M€. La MB s’élève à 48.3% (320 pb au-dessus du T1 20), un niveau record vs un consensus à 43.6%. Le groupe explique qu’elle a été imp...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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