1/25, 7:32 AM (Source: TeleTrader)
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ASML CEO anticipates rebound in second half of year

ASML Holding NV' Chief Executive Officer, Peter Wennink (pictured), stated Wednesday that despite the current uncertainty due to inflation, and hiking interest rates, clients of ASML see a rebound for the second half of the year.

"We continue to see uncertainty in the market caused by inflation, rising interest rates, risk of recession, and geopolitical developments related to export controls. However, our customers indicate that they expect the market to rebound in the second half of the year," Wennink said in the latest financial report of the company. At the same time, he advanced the net sales for 2023 will continue its "strong growth with a net sales increase of more than 25%" relative to 2022.

ASML, one of the world leaders in the manufacturing of advanced technology systems for the semiconductor industry, declared today Q4 net sales of €6.4 billion and 2022 net sales of €21.2 billion.

Baha Breaking News (BBN) / JG