ASM International N.V : Q3 guidance “somewhat short”, but very strong order intake in Q2 and Q3, confirming visibility for 2022
>Q2 2021 results broadly in line with expectations, with very strong order intake as expected - Revenue came in at € 411.7m > consensus of € 403.7m, +5% q-o-q and +29% y-o-y. Gross margin was 48.1%, in line with the consensus of 48%. Operating profit was € 118.1m, representing an operating margin of 28.7%, slightly above the consensus of € 115.6m and 28.6%. Adjusted net earnings totalled € 111.4m, close to the consensus of € 112.3m. Order intake totalled € 515m, drive...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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