ASM International N.V : Solid numbers on all fronts, with support from GAA
>Q3 2023 results 10% ahead of expectations - Q3 2023 revenue came in at € 622m, up 9% year-on-year and 3% above the consensus of € 605m (guidance € 580m-620m). Gross margin was 48.9%, above the consensus of 47.6%, thanks to a big contribution from revenue in China (higher gross margin). Operating result was € 157m, putting the operating margin at 25.3%. This is 12% above the consensus forecast of € 140m (23.2% margin). Normalised net earnings came to € 139m, 10% above...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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