Latest news with #EUR7.7
Yahoo
17-04-2025
- Business
- Yahoo
ASML Holding NV (ASML) Q1 2025 Earnings Call Highlights: Strong EUV Sales and Strategic Challenges
Total Net Sales: EUR7.7 billion. Net System Sales: EUR5.7 billion (EUV: EUR3.2 billion, Non-EUV: EUR2.5 billion). Install Base Management Sales: EUR2 billion. Gross Margin: 54%. R&D Expenses: EUR1.161 billion. SG&A Expenses: EUR281 million. Effective Tax Rate: 16.7%. Net Income: EUR2.4 billion. Earnings Per Share (EPS): EUR6. Cash, Cash Equivalents, and Short-term Investments: EUR9.1 billion. Free Cash Flow: Minus EUR475 million. Net System Bookings: EUR3.9 billion (EUV: EUR1.2 billion, Non-EUV: EUR2.8 billion). Dividend: EUR1.52 per ordinary share for Q1 2025; total 2024 dividend proposal of EUR6.40 per ordinary share. Share Purchases: EUR2.7 billion in Q1 2025. Warning! GuruFocus has detected 2 Warning Sign with CFG. Release Date: April 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ASML Holding NV (NASDAQ:ASML) reported total net sales of EUR7.7 billion for Q1 2025, in line with guidance. The company achieved a gross margin of 54%, exceeding expectations due to favorable EUV product mix and customer productivity milestones. Net income for Q1 2025 was EUR2.4 billion, representing 30.4% of total net sales, with an earnings per share of EUR6. ASML Holding NV (NASDAQ:ASML) continues to see strong demand in the AI sector, which is expected to drive growth in 2025 and 2026. The company is making significant progress in EUV technology, with milestones achieved in both low NA and high NA platforms, supporting customer roadmaps and cost optimization. ASML Holding NV (NASDAQ:ASML) experienced a negative free cash flow of EUR475 million in Q1 2025 due to customer payment dynamics and investments in fixed assets. There is increased uncertainty in the business environment due to ongoing discussions about tariffs, which could impact ASML Holding NV (NASDAQ:ASML) and its customers. The gross margin for the second half of 2025 is expected to be lower than the first half due to potential tariff impacts and lower upgrade revenue. ASML Holding NV (NASDAQ:ASML) faces challenges with the geopolitical situation, particularly regarding tariffs that could affect the semiconductor supply chain. The company anticipates a wider range of gross margins for Q2 2025 due to uncertainties around tariffs and their absorption in the value chain. Q: Could you consider flexibility around the pricing of high-NA to facilitate adoption? A: Christophe Fouquet, CEO: The main reason for not adopting new systems quickly is tool maturity, not price. We focus on achieving maturity to ensure optimized cost of technology. Lowering prices without maturity would create issues for customers. Q: What kind of bookings run rate should we expect to see growth in 2025 and 2026? A: Roger Dassen, CFO: We believe 2026 will be a growth year based on technology and market demand, despite macroeconomic uncertainties. While we have a strong backlog, additional bookings are needed for growth, but we won't quantify the exact run rate needed. Q: Is China still expected to account for around 25% of sales this year? A: Roger Dassen, CFO: Yes, we expect China to be slightly over 25% of sales this year, with demand particularly strong in the mainstream business. The backlog composition for China remains in the 20% to 25% range. Q: How are customer conversations regarding tariffs affecting delivery schedules? A: Christophe Fouquet, CEO: Tariff announcements have not changed business conversations with customers. There is uncertainty, but discussions have not fundamentally altered business planning or delivery schedules. Q: Can you provide an update on the adoption of single-exposed EUV versus multi-patterning? A: Christophe Fouquet, CEO: Adoption is happening gradually. Each new customer node with better cost of technology, like the 3800E, presents an opportunity for more single-exposed adoption. This is an ongoing effort with customers. Q: What is the expected impact of tariffs on gross margins for the full year? A: Roger Dassen, CFO: It's difficult to predict the full-year impact due to uncertainty around tariffs. We aim to minimize exposure and believe the tariff burden should be shared across the value chain, not solely by ASML. Q: How does the geographic diversification of fabs affect your business? A: Roger Dassen, CFO: Dispersed fabs may lead to increased capacity needs, potentially driving semiconductor demand. However, tariff uncertainties add complexity to this scenario. Q: What are the key milestones for the EXE platform from R&D to production? A: Christophe Fouquet, CEO: There are three phases: R&D validation with EXE5000, early production testing with EXE5200, and high-volume manufacturing expected in 2027-2028. Progress is ongoing with customers. Q: How does the order volatility relate to tariff uncertainties? A: Roger Dassen, CFO: Order volatility is more related to the lumpiness of order intake rather than tariff uncertainties. Major orders require significant governance, affecting subsequent quarters' order intake. Q: How are you addressing the US tariffs in relation to encouraging semiconductor manufacturing in the US? A: Roger Dassen, CFO: The complexity of tariffs is recognized by all parties, including the US administration. There is a need for more time to understand how to reconcile onshoring goals with tariff impacts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
ASML Stock Falls on Weak Bookings, Soft Sales Outlook
ASML Holding (ASML) shares fell in premarket trading Wednesday after the Dutch manufacturer of semiconductor-producing machinery reported worse-than-expected first-quarter net bookings and a soft current-quarter sales outlook. The firm's Q1 net bookings came to 3.94 billion euros, below the 4.84 billion euros expected by analysts polled by Visible Alpha. Sales of EUR7.74 billion came in a tick below estimates but were in line with the company's sales forecast made last quarter. Diluted earnings per share (EPS) of EUR6.00 topped projections. ASML again affirmed 2025 sales expectations of EUR30 billion to EUR35 billion, but its second-quarter sales outlook of EUR7.2 billion to EUR7.7 billion was below analysts' expectations of EUR7.77 billion. "Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years," CEO Christophe Fouquet said. "However, the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while." Shares of ASML, whose extreme ultraviolet (EUV) lithography machines are needed to make the most advanced artificial intelligence (AI) chips, were roughly 5% lower early Wednesday. They entered the day down about 28% over the past 12 months. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
CTS Eventim AG & Co. KGaA (CEVMF) (FY 2024) Earnings Call Highlights: Record Revenue and ...
Revenue Growth: Increased by 19.1% in 2024. Adjusted EBITDA Growth: Rose by almost 22% year on year. EBIT Growth: Increased by 9.5% year on year. Online Ticket Sales: Increased by almost 25% without See Tickets numbers. Tickets Sold Outside Germany: Grew by 29.2% year on year. Dividend Proposal: EUR1.66 per share, a record dividend. EBITDA Margin: Increased to 19.3%. Q4 Revenue Growth: Up 29% year on year. Q4 Adjusted EBITDA Growth: Increased by 40% year on year. Q4 EBITDA Margin: 28.1%. Ticketing Revenue: EUR880 million for the year, with EUR315 million in Q4. Adjusted EBITDA for Ticketing: EUR417 million for the year, with EUR176 million in Q4. Retail Tickets Sold: 147 million in 2024, including See Tickets. Gross Transaction Value (GTV): EUR7.7 billion in 2024. Live Entertainment Revenue: Nearly EUR2 billion, with EUR477 million in Q4. Live Entertainment Adjusted EBITDA: EUR126 million for the year, with EUR44 million in Q4. Venue Operations Profit: Slightly more than EUR50 million, with an EBITDA margin of around 50%. Greenhouse Gas Emissions: Approximately 1.4 million tonnes of CO2 in 2024. Warning! GuruFocus has detected 2 Warning Sign with STU:IRV. Release Date: March 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CTS Eventim AG & Co. KGaA (CEVMF) reported strong double-digit growth in both revenues and EBITDA for 2024, driven by all elements of their value chain including Ticketing, Live Entertainment, and Venue Management. The company proposed a record dividend of EUR1.66 per share, continuing their policy of distributing 50% of reported group net profit. The acquisition of See Tickets and the consolidation of France Billet have strengthened CTS Eventim's market position, particularly in the UK, US, and France. Online ticket sales increased by almost 25%, with significant growth in international markets, indicating strong global demand. The company introduced a new metric, Gross Transaction Value (GTV), which increased from EUR5.6 billion in 2023 to EUR7.7 billion in 2024, reflecting higher average ticket prices and fees. EBIT growth was only 9.5% due to non-recurring effects from the previous year, such as compensation settlements and corona-related compensations. Despite strong overall performance, the company remains cautious about the Live Entertainment segment due to ongoing cost pressures and a high basis from the previous year. The US market showed flat revenue contribution, indicating challenges in expanding their presence despite efforts and resources allocated. Mobile ticket penetration remains low at around 8%, limiting potential monetization opportunities through direct consumer engagement. The financial results have been volatile over the past few years, with uncertainties in predicting future financial income and expenses. Q: Did the online tickets for 2024 include France Billet for December? A: Yes, we did. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: How does the agenda look for Q1, considering major events like Lady Gaga and Adele? A: Last year, we had major onsales like ACDC and Adele. This year, we have many mid-sized onsales but nothing that spikes out. It will be a good quarter, but not as standout as last year. - Holger Hohrein, Group Chief Financial Officer Q: Is CTS Eventim focusing more on venues, and can we expect more venue developments like the Vienna and Milan Arenas? A: Owning venues is not a primary objective. We may develop and operate venues when opportunities arise, but it's not a shift in our business model. - Holger Hohrein, Group Chief Financial Officer Q: What are your thoughts on StubHub's IPO and its potential impact on the European market? A: The secondary market in Europe is quite regulated, unlike the US. We don't see any imminent risk from StubHub's IPO affecting us in Europe. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: Can you provide some numbers on France Billet and the synergies expected from the acquisition? A: We see room for synergies, potentially improving the EBITDA margin by around 10 percentage points compared to the segment average. - Holger Hohrein, Group Chief Financial Officer Q: What is the current share of mobile tickets, and what are the financial implications of higher mobile penetration? A: The mobile share is around 8%. Increased mobile penetration would allow direct access to ticket holders, offering better customization and potentially reducing costs. - Holger Hohrein, Group Chief Financial Officer Q: What is the growth plan for the US market, and why hasn't it grown significantly in 2024? A: We are focusing more on Ticketing in the US. The content side is well-positioned, and the focus will be on profitability and economies of scale. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: What is the outlook for 2025, and what does "moderate" growth mean? A: Moderate growth means an internal increase of between 5% to 15%. We aim for EUR3 billion in revenues and EUR600 million in EBITDA by the end of the year. - Holger Hohrein, Group Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
