ASM International N.V : Very strong orders again and very good visibility on H2 despite the now known supply chain constraints
>Q1 2022 results slightly higher than expected, with once again very strong orders (>€ 700m, BtB of 1.4x) - Q1 2022 sales came to € 517m, bang in line with the consensus, at the midpoint of the guidance range of € 500-530m, i.e. +25% at cc. The gross margin came to 47.8%, beating the consensus forecast of 47.3%. Operating profit was € 143m, i.e. an operating margin of 27.7%, 2% below the consensus forecasts for € 148m and 28.6%, due to the increase in SG&A spending, ...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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