ASML affirms 2020 growth opportunity
October 31 2016 - 3:01AM
NEW YORK, United States, 31 October 2016 - ASML
Holding NV (ASML) today confirms its view, first stated at the 2014
investor day, of an annual revenue opportunity of EUR 10 billion in
2020. The operational leverage in our business model is expected to
lead to an opportunity in 2020 to increase the gross margin to
around 50 percent and together with expected higher sales to a rise
in earnings per share to more than 8 euros. The planned acquisition
of Hermes Microvision Inc. (HMI) will provide additional
opportunities for growth.
At ASML's Investor Day today in New York City,
executive management will lay out the key drivers, market
opportunities and operational priorities that are expected to
enable the company's continued growth and value creation.
The event starts at 9:00 AM Eastern Time (2:00 PM
Central European Time) and will be webcast live on
www.asml.com.
About ASML
ASML is one of the world's leading manufacturers of chip-making
equipment. Our vision is to enable affordable microelectronics that
improve the quality of life. To achieve this, our mission is to
invent, develop, manufacture and service advanced technology for
high-tech lithography, metrology and software solutions for the
semiconductor industry. ASML's guiding principle is continuing
Moore's Law towards ever smaller, cheaper, more powerful and
energy-efficient semiconductors. This results in increasingly
powerful and capable electronics that enable the world to progress
within a multitude of fields, including healthcare, technology,
communications, energy, mobility, and entertainment. We are a
multinational company with over 70 locations in 16 countries,
headquartered in Veldhoven, the Netherlands. We employ more than
15,500 people on payroll and flexible contracts (expressed in full
time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ
under the symbol ASML. More information about ASML, our products
and technology, and career opportunities is available on
www.asml.com.
Forward-Looking
Statements
This document contains statements relating to certain projections
and business trends that are forward-looking, including statements
with respect to annual revenue opportunity in 2020, expected
opportunities for increases in gross margin, expected higher sales,
expected opportunities for an increase in EPS in 2020, the growth
opportunities created by ASML's acquisition of HMI and the drivers,
market opportunities and operational priorities that are expected
to enable the ASML's growth and value creation. You can generally
identify these statements by the use of words like "may", "will",
"could", "should", "project", "believe", "anticipate", "expect",
"plan", "estimate", "forecast", "potential", "intend", "continue"
and variations of these words or comparable words. These statements
are not historical facts, but rather are based on current
expectations, estimates, assumptions and projections about the
business and our future financial results and readers should not
place undue reliance on them.
Forward-looking statements do not
guarantee future performance and involve risks and uncertainties.
These risks and uncertainties include, without limitation, economic
conditions, product demand and semiconductor equipment industry
capacity, worldwide demand and manufacturing capacity utilization
for semiconductors (the principal product of our customer base),
including the impact of general economic conditions on consumer
confidence and demand for our customers' products, competitive
products and pricing, the impact of any manufacturing efficiencies
and capacity constraints, performance of our systems, the
continuing success of technology advances and the related pace of
new product development and customer acceptance of new products
including EUV, the number and timing of EUV systems expected to be
shipped and recognized in revenue, delays in EUV systems production
and development, our ability to enforce patents and protect
intellectual property rights, the risk of intellectual property
litigation, availability of raw materials and critical
manufacturing equipment, trade environment, changes in exchange
rates, changes in tax rates, available cash and liquidity, our
ability to refinance our indebtedness, distributable reserves for
dividend payments and share repurchases and timing of resumption of
the share repurchase plan, and other risks indicated in the risk
factors included in ASML's Annual Report on Form 20-F and other
filings with the US Securities and Exchange Commission. These
forward-looking statements are made only as of the date of this
document. We do not undertake to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise.
Link to Press Release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ASML Holding via Globenewswire
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