ASM International N.V : Unchanged trajectory after Q2 2018 results, Buy rating reiterated
>Q2 2018 results and orders within guidance, net slightly above consensus - Sales came to € 208.7m, up 31% sequentially. This compares with a consensus of € 216.4m and guidance of € 200/230m. As promised by management, gross margin returned to 42.1% vs a consensus of 41.2%. This is a significant increase vs the 37.8% reported last quarter. Orders were € 175.9m, slightly below the consensus of € 180m (guidance of € 160/200m). Operating profit was € 38.3m, right in line...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.