ASML says 2014 was a record year, announces €1bn share buy-back

asml officeDutch chip machinery maker ASML booked record sales of €5.9bn last year, an increase of almost 12% on 2013.

Net profit rose almost 18% to €1.2bn, the Veldhoven-based technology company said.

ASML sold 30 chip makers in the fourth quarter of the year, above company estimates and a further indication of global recovery in the technology markets.

The company expects sales in the first half of 2015 to ‘continue to be strong’, chief executive Peter Wennink said in a statement.

The company also announced a €1bn share buy-back programme.

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