ASMI expects to take strong momentum into 2020

ASM International reports sales of 1.284 billion euros in 2019, which excluding 159 million euros proceeds from a patent settlement represents a 37 percent sales increase compared to 2018. By contrast, the sector as a whole saw sales decline high single-digit percentages on average. ASMI’s net earnings, including the settlement, increased from 170 to 343 million euros.

The good results were enforced by an even better than expected closing quarter, with sales reaching a record 345 million euros, excluding a 56 million euro incoming settlement payment. Looking forward, ASMI expects 310-330 million euro sales in Q1 and 330-350 million euros in Q2. Depending on the timing of memory spending recovery – ASMI’s recent growth was driven almost exclusively by logic – the second half of 2020 could see even more orders coming in.