Foundry and logic customers boost ASML take

ASML Holding has announced 2007 first quarter results reflecting 53% growth year on year.

ASML Holding has announced 2007 first quarter results according to US GAAP.

Q1 2007 net sales were Eur 960 million, compared with Q4 2006 net sales of Eur 1068 million and Q1 2006 net sales of 629 million, amounting to 53% growth year on year.

Q1 2007 net income was Eur 153 million or 16.0% of sales - which includes Eur 25 million costs for the Brion acquisition, of which Eur 23 million is a one-off charge - versus Q4 2006 net income of Eur 206 million or 19.3% of sales and Q1 2006 net income of Eur 80 million or 12.7% of sales.

Q1 2007 net bookings were valued at Eur 911 million with 62 systems including 59 new and three refurbished systems, leading to an order backlog valued at Eur 2163 million as of 1st April 2007 "High-value bookings in Q1 underline the robustness of our position in the market".

"Orders from foundry and logic customers compensated for the expected slowdown in Flash and DRAM orders and resulted in a record backlog", said Eric Meurice, President and CEO, ASML.

"This backlog will ensure a sustained sales level in Q2, and strong revenues in the second half of the year supported by the need for capacity from foundry and IDM customers, and continuing immersion bookings".

"We therefore confirm our view that 2007 will be a growth year for ASML".

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