ASM International N.V : Marked acceleration in orders in Q4 and excellent visibility on 2021
>Q4 2020 results slightly better than expected, very sharp acceleration in orders at year-end - Revenues came in at € 346.6m, just ahead of the consensus of € 341.9m (guidance of € 330-350m). This figure shows sequential growth of 10%, but a y-o-y decline of 5%. Revenues were driven by foundries, memory and the logic segment. 2020 revenue growth worked out at +18%. The gross margin came to 45.2% vs a consensus of 45.7%. Note the group has always indicated that it expe...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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