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Bloomberg
ASML Holding, Europe’s largest semiconductor equipment ma-ker, expects net sales to grow to 13 billion euros ($14.9 billion) by 2020, up from a previous forecast of 11 billion euros.
The company already expected sales to reach the 11-billion euro mark for 2018. In a statement kicking off its investor day, ASML’s management said it expects to continue to return “significant amounts of cash†to shareholders through a combination of share buybacks and growing dividends. ASML sha- res rose 2.9 percent in early trading in Amsterdam, and are up over 6.6 percent this year.
The Veldhoven, Netherlands-based company — with a current market value of 66.8 billion euros — said the development of 5G connectivity, artificial intelligence, autonomous driving and big data are all driving “healthy†growth in the semiconductor end market.
Based on different market scenarios, the company said it could expect annual revenue in 2025 to reach between 15 billion euros to as much as 24 billion euros. The growth is another positive for ASML. The target of 11 billion euros in 2018 was already a record year. In October the manufacturer announced five new orders for its newest lithography machines in the third quarter.
ASML’s CEO Peter Wennink along with other executives will discuss the company’s strategy and developments at its inve-stor day in Veldhoven, starting around 1 pm local time.