In the fourth quarter of last year, ASML recorded a net sales of 4.036 billion euros. This is a 28 percent increase year-on-year and a 35 percent increase sequentially. Net income amounted to 1.134 billion, a growth of 44 and 81 percent, respectively. For 2019 as a whole, the Veldhoven-based lithography giant reports 11.820 billion euros in sales, up 8 percent. Net income remained stable at 2.592 billion. Q4 has thus completely made up for the weak start to the year.
“For ASML, 2019 was another growth year, mainly due to strong logic demand for both DUV and EUV,” comments CEO Peter Wennink. “We recorded an order intake for EUV of 6.2 billion euros during the year and saw the adoption of EUV in high-volume manufacturing. In the fourth quarter, we shipped eight EUV systems and we received orders for nine.”
“We expect that 2020 will be another growth year, both in sales and in profitability, driven by EUV demand and our installed base business. The logic market is expected to remain strong in 2020, due to investments in 5G and high-performance compute applications. In the memory market, our customers are starting to see the first signs of recovery,” says Wennink. For the first quarter of 2020, he expects net sales of between 3.1 billion and 3.3 billion euros.
ASML also announced its intentions to appoint Mark Durcan and Warren East as new members of its supervisory board, effective from the 2020 annual general meeting. Durcan was CEO of Micron Technology from 2012 until 2017. Currently, he’s a non-executive director at AMD. East has been the CEO of Rolls-Royce Group since 2015. Wolfgang Ziebart will retire from the supervisory board at the end of his current term, after having served on the board for eleven years. Annet Aris has been nominated for reappointment.