ASML reports loss but sees rise in bookings for 2010 - Embedded.com

ASML reports loss but sees rise in bookings for 2010

LONDON — ASML Holding NV (Veldhoven, the Netherlands) has seen sales rise in its fourth quarter to €581 million compared to net sales of €555 million in the third quarter of 2009 and net sales of €494 million in the fourth quarter of 2008.

Full year 2009 net sales were €1,596 million, down 46.0 percent compared with 2008 which saw net sales of €2,954 million.

The fourth quarter 2009 net income of was €50 million, or 8.7 percent of net sales, compared with net income of €20 million in the third quarter of 2009, or 3.6 percent of net sales. The fourth quarter 2008 net loss was €88 million or 17.8 percent of net sales.

Full year 2009 net loss amounted to €151 million or 9.5 percent of net sales, compared with 2008 net income of €322 million or 10.9 percent of net sales.

Fourth quarter 2009 net bookings were valued at €956 million with 40 systems including 35 new and 5 used systems, leading to an order backlog valued at €1,853 million as of December 31, 2009.

“We closed the year as planned with improved sales and strong bookings, as the semiconductor business recovers, driven by technology buys from the memory market segments and technology and capacity buys from major Foundry customers,” said Eric Meurice, president and Chief Executive Officer of ASML.

“We are making good progress with our next generation EUV technology, as system integration and source performance development confirms shipments of the first pre-production systems in the second half of 2010. We thus closed off a challenging year, having generated cash from operations, set up a more efficient cost structure and built an even stronger product portfolio,” said Meurice.

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