ASM ANNOUNCES Q4 2022 REVENUE ABOVE GUIDANCE, DRIVEN BY SUPPLY CHAIN IMPROVEMENT
17 Januar 2023 - 5:45PM
ASM ANNOUNCES Q4 2022 REVENUE ABOVE GUIDANCE, DRIVEN BY SUPPLY
CHAIN IMPROVEMENT
Almere, The Netherlands
January 17, 2023, 17:45 p.m. CET
ASM International N.V. (Euronext Amsterdam: ASM) today
announces that revenue in the fourth quarter of 2022 was ahead of
the previous guidance.
Based on preliminary and unaudited numbers,
sales in Q4 2022 increased to around €720 million mainly due to
better-than-expected supply chain conditions and higher conversion
of the backlog as a result thereof, exceeding the previous guidance
of €630-660 million published in our press release on November 28,
2022. Although we are still faced with certain supply chain
challenges, the situation improved more than expected. Thanks to
solid execution by our suppliers and Global Operations team we were
able to complete and ship additional tools in the final weeks of
December.
Orders amounted to approximately €820 million in
Q4 2022, above the level that was implied by the guidance for a
book-to-bill of a bit above 1 that we mentioned in our press
release of November 28, 2022. The upside was predominantly driven
by the power/analog/wafer segment, including an exceptionally high
order intake in our silicon carbide epitaxy business (LPE). Next to
strong underlying demand, the increase in LPE’s orders was driven
by some customers bringing forward orders that are scheduled for
shipment in the latter part of 2023.
Operating margin for Q4 2022 is expected to be
approximately 26%, excluding PPA (purchase price allocation)
amortization related to the acquisition of LPE.
On February 28, 2023, ASM will report fourth
quarter and full year 2022 financial results and will then also
provide guidance for 2023 Q1 and Q2
revenue.
About ASM International
ASM International N.V., headquartered in Almere,
the Netherlands, and its subsidiaries design and manufacture
equipment and process solutions to produce semiconductor devices
for wafer processing, and have facilities in the United States,
Europe, and Asia. ASM International's common stock trades on the
Euronext Amsterdam Stock Exchange (symbol ASM). For more
information, visit ASM's website
at www.asm.com
Cautionary Note Regarding Forward-Looking
Statements: All matters discussed in this press release, except for
any historical data, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These include, but are not limited to,
economic conditions and trends in the semiconductor industry
generally and the timing of the industry cycles specifically,
currency fluctuations, corporate transactions, financing and
liquidity matters, the success of restructurings, the timing of
significant orders, market acceptance of new products, competitive
factors, litigation involving intellectual property, shareholders
or other issues, commercial and economic disruption due to natural
disasters, terrorist activity, armed conflict or political
instability, changes in import/export regulations, epidemics and
other risks indicated in the Company's reports and financial
statements. The Company assumes no obligation nor intends to update
or revise any forward-looking statements to reflect future
developments or circumstances.
This press release contains inside information within the
meaning of Article 7(1) of the EU Market Abuse
Regulation.
CONTACT
Investor and media contact:Victor BareñoT: +31
88 100 8500 E: investor.relations@asm.com
- 20230117 ASM ANNOUNCES Q4 2022 REVENUE ABOVE GUIDANCE, DRIVEN
BY SUPPLY CHAIN IMPROVEMENT
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