ASM International N.V : Q2 2024 orders ahead of expectations
>Q2 2024 results slightly better than expected - Q2 2024 revenues came in at € 706m, at +10% q-o-q and +6% y-o-y, or 3% ahead of the consensus of € 683m and above the top end of the € 660-700m guidance range. The gross margin came in at 49.8%, just below the consensus of 50.4%, due to a less favourable mix with the decline in sales in China (expected – ODDO BHF at 49%). Adjusted EBIT came in at € 182m, or an operating margin of 25.8%, short of the consensus at € 188m ...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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