ASM International Reports Strong Fourth-Quarter Performance and Sets Optimistic Tone for 2024
ASM International, a Dutch semiconductor supplier, delivered impressive results for the fourth quarter, with net earnings reaching EUR90.9 million, despite a slight decline from the previous year. The company's full-year net profit also soared to EUR752.0 million, showcasing its growth trajectory.
Fourth-Quarter Overview
In the final quarter of the year, ASM International experienced a 14% decrease in order bookings, amounting to EUR677.5 million, while revenue dipped 7% to EUR632.9 million. Although these figures were slightly below market expectations, the company remains confident in its performance.
Strategic Moves for Shareholders
To reward shareholders, ASM International announced plans for a EUR150 million share buyback and increased its dividend to EUR2.75 per share from EUR2.50. This decision reflects the company's commitment to creating value for its investors.
Looking Ahead
Despite challenges in the wafer fab equipment market, ASM International foresees a positive outlook for the future. The company anticipates first-quarter revenue between EUR600 million and EUR640 million, with expectations of improved performance in the second half of the year.
Future Prospects
ASM International is optimistic about the rebound in the WFE market by 2025. With revenue targets ranging from EUR3.0 billion to EUR3.6 billion for 2025, the company is poised for continued growth and success in the semiconductor industry.
As ASM International navigates market fluctuations and positions itself for long-term success, its strategic approach and focus on shareholder value set a strong foundation for future growth.
For more information on ASM International and its latest developments, visit their official website.
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