ASML is benefiting from new technology – Financieele Dagblad (Registration)

Chip Machine manufacturer ASML has the value of its order book shows increase sharply as the company’s orders for so-called EUV machines have incorporated.

EUV (Extreme Ultraviolet) is a technology that can make the chip production again less complex and cheaper and to ensure growth at ASML. Sales of the technology pearl from Veldhoven remained stable in the quarter.

, according to financial figures that presented the company Wednesday. Revenue for the second quarter amounted to € 1.65 billion against € 1.64 billion in the same period a year earlier. In the first three months was already booked a turnover of € 1.65 billion.

ASML ASML Holding NV 96.86 + 2.82% 2.66 + now heads a annual turnover of more than € 6 billion, though the company aims to not commit to a target for the whole year. Thus 2015 will be a record year. Last year, revenues amounted to € 5.86 billion.

Big jump

By 2020 the annual turnover should reach € 10 billion. On this great leap new machines will have to make an important contribution. ASML is still working on machines that use EUV technology. The development of this technology was difficult, since the middle of last year seems to sail in it. Customers testing at various locations with the machines to run high volume production.

In April, ASML announced orders for fifteen EUV machines to have received from a large customer in the United States. Of these, six are included in the order book. The value of total new orders (for 46 machines) amounted to € 1.5 billion from € 1 billion in the previous quarter. A spokesman explained that ASML EUV machines accounted for approximately € 500 million, or more than € 80 million each.

The total size of the order book was at the end of the second quarter of € 3 billion, against € 2.6 billion in late March. Halfway through last year, the value of the order book amounted to € 1.76 billion.

are from the EUV large order this year two supplied equipment and next year four. “EUV comes closer volume production”, says CEO Peter Wennink Wednesday in a statement.

Outlook

The financial results in the quarter to meet the expectations of analysts. ASML achieved a net profit of € 370 million against € 399 million in the second quarter last year. The gross margin, an important parameter for analysts, was 45.6%.

share ASML was in on the stock exchange in Amsterdam morning trade 1.7% higher than € 95. The fund was thus the strongest riser in the AEX index. ASML has a market value of almost € 42 billion.