Latest news with #EUR33
Yahoo
17-07-2025
- Business
- Yahoo
ASML Holding NV (ASML) Q2 2025 Earnings Call Highlights: Strong Sales and Margin Performance ...
Total Net Sales: EUR7.7 billion, at the upper end of guidance. Net System Sales: EUR5.6 billion, with EUR2.7 billion from EUV sales and EUR2.9 billion from non-EUV sales. Installed Base Management Sales: EUR2.1 billion, above guidance. Gross Margin: 53.7%, above guidance. R&D Expenses: EUR1.2 billion. SG&A Expenses: EUR299 million. Net Income: EUR2.3 billion, representing 29.8% of total net sales. Earnings Per Share: EUR5.90. Cash, Cash Equivalents, and Short-term Investments: EUR7.2 billion. Net System Bookings: EUR5.5 billion, with EUR2.3 billion from EUV and EUR3.2 billion from non-EUV. Backlog: Approximately EUR33 billion. Final Dividend Paid: EUR1.84 per ordinary share. First Quarterly Interim Dividend for 2025: EUR1.60 per ordinary share. Share Buyback: EUR1.4 billion in Q2 2025, totaling EUR5.8 billion for the 2022-2025 program. Full Year 2025 Revenue Growth Guidance: Around 15% increase with a gross margin of around 52%. Q3 2025 Revenue Guidance: EUR7.4 billion to EUR7.9 billion. Q3 2025 Gross Margin Guidance: 50% to 52%. Q3 2025 R&D Expenses Guidance: Around EUR1.2 billion. Q3 2025 SG&A Expenses Guidance: Around EUR310 million. Warning! GuruFocus has detected 6 Warning Sign with FHN. Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ASML Holding NV (NASDAQ:ASML) reported total net sales of EUR7.7 billion for Q2 2025, reaching the upper end of their guidance. The company's gross margin for the quarter was above guidance at 53.7%, driven by increased upgrade business and lower-than-expected tariff impacts. Net income for Q2 was EUR2.3 billion, representing 29.8% of total net sales, with earnings per share of EUR5.90. ASML Holding NV (NASDAQ:ASML) expects a 30% increase in EUV capacity in 2025 compared to 2024, driven by higher productivity of the NXE:3800E systems. The company anticipates a 15% revenue increase for the full year 2025, with a gross margin of around 52%. Negative Points ASML Holding NV (NASDAQ:ASML) faces increasing uncertainties due to macroeconomic and geopolitical developments, impacting customer capital expenditure timing. The gross margin in the second half of 2025 is expected to be lower than the first half, primarily due to the margin dilutive effect of High NA systems. There is a EUR1.4 billion adjustment in the backlog related to customer responses to export restrictions, affecting Deep UV and application business. The company has not confirmed growth for 2026 due to ongoing uncertainties, despite preparing for potential growth. ASML Holding NV (NASDAQ:ASML) is experiencing a shift in demand dynamics, with China accounting for over 25% of total revenue, raising concerns about potential pull-forwards. Q & A Highlights Q: Why is the EUV revenue growth lower than expected, and how does it relate to the installed base business? A: Roger Dassen, CFO, explained that the expected EUV growth for the year is about 30%, down from an initial higher estimate. The difference is due to a shift in revenue from system sales to the upgrade business, as many tools shipped at lower configurations are being upgraded to full capacity, which is accounted for in the installed base business rather than system sales. Q: How does ASML price its tools, and is there a difference in value between multi-patterning Low NA and single High NA EUV? A: Christophe Fouquet, CEO, confirmed that ASML prices its tools based on the value provided to customers, including productivity and performance improvements. High NA EUV offers significant value by simplifying processes and enabling further node advancements, which can justify higher pricing compared to multi-patterning Low NA EUV. Q: What impact does the potential removal of export bans on AI chips to China have on ASML? A: Roger Dassen noted that while it may not directly result in a significant increase in tool sales, the removal of export bans is positive for the broader ecosystem, potentially strengthening global reach and benefiting ASML indirectly. Q: How does ASML view the current uncertainty around tariffs and its impact on 2026 growth projections? A: Christophe Fouquet and Roger Dassen highlighted that ongoing tariff discussions create uncertainty, affecting customer investment decisions. This uncertainty has led ASML to be more cautious about confirming growth for 2026, despite strong underlying demand driven by AI. Q: What are the key milestones for High NA EUV adoption, and how is the program progressing? A: Christophe Fouquet stated that the current focus is on qualifying the technology with the EXE:5000 system. The next phase involves ensuring tool maturity for high-volume manufacturing, with the EXE:5200 system being a critical step. The program is progressing well, with positive customer feedback on performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
15-05-2025
- Business
- Yahoo
Bouygues (BOUYF) Q1 2025 Earnings Call Highlights: Strong Construction Backlog and Telecom ...
Group Sales: EUR12.6 billion, up 2.2% year-on-year. Net Result Attributable to the Group: Minus EUR156 million, including an exceptional income tax surcharge of EUR33 million. Net Debt: EUR7.1 billion, an improvement of EUR645 million year-on-year. Construction Backlog: EUR34.2 billion, up EUR3.8 billion year-on-year. Equans COPA: EUR177 million, with a COPA margin of 3.8%, up 0.9 points year-on-year. Colas Sales: EUR2.7 billion, up 3% year-on-year. Bouygues Telecom Fixed Customers: 5.2 million, with 148,000 new FTTH customers in Q1. Bouygues Telecom Mobile Plan Customers: 18.3 million, with 63,000 new customers in Q1. TF1 Group Sales: Up 2% year-on-year, with media sales up 2% and TF1+ up 37%. Liquidity: EUR14.8 billion, including EUR3.8 billion in cash and equivalents. Warning! GuruFocus has detected 12 Warning Signs with BOUYF. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bouygues (BOUYF) confirmed its group outlook for 2025, with group sales and COPA both up year-on-year. The construction backlog reached a record level of EUR34.2 billion, up 12% year-on-year, providing good visibility on future activities. Net debt improved by EUR645 million year-on-year, despite significant acquisitions, indicating strong financial management. Bouygues Telecom achieved a 6% growth in sales billed to customers year-on-year, driven by strong performance in the Fixed segment. Equans showed significant improvement with a COPA margin increase of 0.9 points to 3.8%, reflecting successful execution of strategic plans. The net result attributable to the group was negatively impacted by an exceptional income tax surcharge, leading to a net loss of EUR156 million. Bouygues Telecom's EBITDA after leases decreased due to higher energy costs and increased IFER tax on mobile sites. The macroeconomic environment remains uncertain, affecting the pace of growth in certain segments like giga factories and data centers. Bouygues Immobilier's backlog remains low, reflecting a challenging market environment. The Fixed ABPU growth rate is expected to slow down in 2025 compared to previous years. Q: Can you provide insights into the current telecom market, particularly regarding pricing pressures in mobile and fixed segments? A: Christian Lecoq, Bouygues Telecom SA - CFO: The mobile market is less dynamic with slight growth and sustained competition in the low-end segment. We initiated an upward trend in tariffs, but not all competitors followed. In the high-end, our new marketing strategy has reduced churn and improved customer satisfaction. In fixed, we are gaining market share, especially in rural areas, due to our strong network quality. Q: How is the synergy extraction and margin improvement progressing at Equans? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: We are implementing a strategic plan focusing on pricing, purchasing, and productivity improvements. This has led to gradual margin improvements, with a target to reach a 5% margin by 2027. We are optimistic about achieving slightly higher margins than previously guided for 2025. Q: Are there any impacts from tariffs on Equans or construction businesses? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: There is no significant impact from tariffs as our operations are largely localized. The main concern is the global economic environment, which remains uncertain. Q: Could you elaborate on the slowdown in certain market segments for Equans in Q1? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: The slowdown is due to a wait-and-see approach in segments like giga factories for batteries and data centers, where technological advancements and policy changes are causing delays in decision-making. Q: What is the outlook for Bouygues Telecom's fixed ABPU growth? A: Christian Lecoq, Bouygues Telecom SA - CFO: Fixed ABPU growth will continue in 2025 but at a slower pace than previous years. This is due to the end of DSL and WiFi 5 commercialization and the introduction of new technologies at higher prices, along with the impact of our B&YOU offers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
