Record results for chip machine maker ASML

Chip machinery maker ASML booked record turnover of €4.5bn last year, compared with €1.6bn in 2009.

Net profit was just over €1bn compared with a loss of €151m the previous year.
According to the Financieele Dagblad, the company is now planning to spend €50m on bonuses for its 7,000 staff – with the average payout expected to be €8,000.
‘The fourth quarter was a strong close to a remarkable year in the history of ASML during which we achieved record sales, profit and bookings,’ CEO Eric Meurice said in a statement.
‘In order to meet brisk demand for our advanced technology products as well as for our capacity tools, we almost tripled the output of our factory in 2010.’
As well as a higher dividend for shareholders, ASML has also launched a two year €1bn share buy back programme.
Based on current and expected orders, turnover this year could top €5bn, Meurice is quoted as saying by news agency ANP.

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