(Reuters) – ASML, one of the main suppliers to semiconductor manufacturers, recorded a decline in its first quarter net profit on Wednesday, to 1.22 billion euros, as the flow of new orders on the same period dried up to 3.6 billion euros.
The group reported a net profit of 2.05 billion euros in the fourth quarter of 2023.
The turnover for the first quarter stood at 5.29 billion euros after 7.24 billion euros a year ago.
Analysts polled by LSEG expected a net profit of 1.08 billion euros while a consensus compiled by Reuters forecast new orders of around 5.4 billion euros.
“Our outlook for the full year 2024 remains unchanged, with the second half expected to be stronger than the first, in line with the industry’s continued recovery from the recession,” said Peter Wennink, chief executive of the group, in a press release, adding that 2024 is a “year of transition”.
The company forecasts a stable turnover in 2024, after 27.6 billion euros achieved last year, but says it is preparing for strong growth in 2025.
(Reporting Toby Sterling, Augustin Turpin, edited by Blandine Hénault)
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