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ASML net profit slumps 49% on quarter; downgrades revenue outlook

  • ASML's (ASML) Q1 net profit almost halved to €249.1M ($344M) from €481M in Q4 but exceeded expectations of €230M. Profit in Q1 a year earlier was €96M.
  • Sales slumped 24% on quarter to €1.4B, as expected. On year, revenue rose 57% from  €892M.
  • ASML downgraded its H1 sales forecast due to slowing revenues in Q2, saying it expects turnover of €3B including extreme ultraviolet (EUV) systems for producing smaller chips. The company's prior guidance was €3B excluding EUV products.
  • "That ASML is now including EUV in its sales guidance means a difference on a yearly basis of around €500-600M, which is about 10% of sales," says ING analyst Robin van den Broek.
  • Shares are -3.6% in Amsterdam. (PR)

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This was corrected on 04/16/2014 at 04:59 AM.
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