ASM International N.V : Fairly reassuring numbers after the ASML ‘melodrama’…
>Q3 24: Results above expectations (except for net income with a one-off on forex) - Q3 2024 revenues came in at € 778m, at + 26% y-o-y, ahead of the css of € 767m and at the top of the € 740-780m range. The gross margin came to 49.4% ahead of the css of 48.6%, thanks to the contribution from China. Adjusted EBIT amounted to € 215m, or an operating margin of 27.6%, ahead of the css of € 201m and 26.3%. Net income came in at € 134m, short of the consensus of € 172m, du...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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