ASML expects slow start to 2013

Chip machinery maker ASML booked net profit of €1.1bn last year on turnover of €4.7bn, in what was its second best year ever.

Nevertheless, sales were down 16% and net profit 22% on 2011’s performance.
The company said in a statement it plans net sales for 2013 at a ‘similar level to that of 2012, with a slow Q1 start, recovering in Q2 and a relatively large second half’. The slow start is partly due to falling demand for pcs but sales will pick up in the latter part of the year as 4G mobile phone technology is rolled out.
ASML is the largest chip machinery maker in the world. Last year it signed a development agreement with two of its major clients – Intel and Samsung.

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