Skip to main content

Analysis of ASML's Latest Results

Key Figures Compared to Market Consensus (Bloomberg):

- Revenues: €9,263 million (+28%) vs. €9,021 million expected.
- *Gross Margin: 51.7% vs. 49.62% expected.
- EBITDA: €2,693 million (31.5%) vs. €2,624 million expected.
- Order Backlog: €7,088 million vs. €3,530 million expected.

ASML has provided its usual guidance for Q1'25, which exceeds expectations:
- Revenues: Between €7,500 million and €8,000 million (vs. €7,247 million expected by consensus).
- Margins: 52%-53% (vs. 51.2% expected by consensus).

For the full year 2025, ASML maintains its previous guidance:
- Revenues: €30,000 million to €35,000 million (vs. €32,185 million expected by consensus).
- Margins: 51%-53% (vs. 52% expected by consensus).

ASML's latest results confirm that 2025 will be a year of recovery, with revenues expected to grow by 15%. This growth is supported by the development of chips for Artificial Intelligence. The strong financial performance and robust order book are likely to positively impact the share price. We reiterate our Buy recommendation.
Labels:

Comments

Post a Comment

Popular posts from this blog

Market Dynamics and Luxury Fashion: A Week in Review

The global market landscape has seen a flurry of activity over the past week, with significant developments shaping economic outlooks and investor sentiment. As we navigate these changes, let's explore what transpired and what lies ahead. Last Week's Summary The past week was marked by a blend of optimism and uncertainty, influencing various sectors and regions worldwide. Germany's election outcome brought a wave of positivity to European equities, with investors hopeful for growth opportunities, lower corporate taxes, and increased fiscal spending on defense and infrastructure. This renewed confidence has driven a rally in European stocks, signaling a positive shift in the region's economic prospects. However, the technology sector faced a downturn as shares fell following Nvidia's earnings report, which raised doubts about the company's profit outlook. This led to a broader sell-off in tech stocks, with investors reassessing their positions amid co...
Post a Comment
Read more

Apple Results: Summary

Apple has released results and guidance that exceeded market expectations, despite disappointing performance in China. In after-hours trading, the stock rose by 3.01%. Key Figures Against Consensus (Bloomberg): - Sales:$124.3 billion (+4% YoY), compared to the expected $124.1 billion. - EBIT:$42.832 billion, against an anticipated $42.429 billion. - Net Income:$36.330 billion (+7%), surpassing the expected $35.500 billion. Regarding its performance in China, the company reported sales of $18.513 billion, reflecting an 11% YoY decline and falling short of expectations, which were set at $21.567 billion. For the next quarter, Apple anticipates mid/low single-digit growth, slightly above expectations. Opinion on Apple’s Results: Despite the disappointment with figures from China, we view Apple's overall results positively. The company has met expectations and is making progress in its mixed-revenue business model, where the services segment is increasingly gaining importan...
Post a Comment
Read more

Report: Analysis of LVMH Results for 2024

Overview The 2024 results for LVMH slightly exceeded revenue expectations but showed a worsening deterioration in margins during the second half of the year. Key Financial Metrics vs. Bloomberg Consensus - Revenues:b€84,683 million (-1.7%) vs. €84,382 million (-2.1%) expected. - Gross Margin: €56,765 million (67.0% margin) vs. €57,540 million (68.2%) expected. - EBIT: €19,571 million (-14.2%) vs. €20,450 million (-9.4%) expected. - EBIT: €12,550 million (-17.3%) vs. €13,380 million (-11.8%) expected. - Free Cash Flow: €10,478 million (+29%) vs. €12,748 million expected. - Net Financial Debt: €9,228 million (-14%) vs. €10,746 million in 2023. Organic Revenue Growth Organic revenues increased by 1% for the year. In the fourth quarter, sales amounted to €23,930 million (+0%) vs. €23,428 million (-2.2%) expected, with organic growth of +1.0% vs. -1.0% expected. Divisional Performance - Fashion & Leather: -1% vs. -2.8% expected. - Wines & Spirits:b+8% vs. -6.9% expected....
Post a Comment
Read more