ASM UPDATES Q4 GUIDANCE
Almere, The Netherlands
November 28, 2022, 5:45 p.m.
CET
ASM International N.V. (Euronext Amsterdam: ASM)
today provides an update on the expected impact of the recently
announced US export restriction as well as an update on the
guidance for Q4 2022.
On October 25, 2022, we reported that the export
regulations that were issued by the US government on October 7,
2022, had an expected negative impact on 40% or more of our sales
to China, based on a conservative scenario (and with equipment
sales in China accounting for 16% of our total revenue in the first
nine months of 2022). Following extensive clarifications and
subsequent internal reviews, we now expect that the recently
announced US export restrictions will negatively impact our China
sales between 15-25%.
As a result of somewhat higher sales to China,
combined with a slightly higher than expected conversion of backlog
into shipments in other regions, we now project Q4 2022 sales of
€630-660 million, up from €600-630 million previously expected.
On October 25, we also announced that we had
reduced our Q3 2022 backlog as a result of the export restrictions
which were announced on October 7, 2022. We now expect to rebook
part of these tool orders in Q4 2022 and in early 2023, depending
on the outcome of discussions with customers. In part driven by
these rebookings, and also supported by continued healthy demand in
the logic/foundry, and power/analog segments, and including LPE, we
expect the book-to-bill in Q4 2022 to be a bit above 1.
About ASM International
ASM International N.V., headquartered in Almere,
the Netherlands, and its subsidiaries design and manufacture
equipment and process solutions to produce semiconductor devices
for wafer processing, and have facilities in the United States,
Europe, and Asia. ASM International's common stock trades on the
Euronext Amsterdam Stock Exchange (symbol ASM). For more
information, visit ASM's website
at www.asm.com
Cautionary Note Regarding Forward-Looking
Statements: All matters discussed in this press release, except for
any historical data, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These include, but are not limited to,
economic conditions and trends in the semiconductor industry
generally and the timing of the industry cycles specifically,
currency fluctuations, corporate transactions, financing and
liquidity matters, the success of restructurings, the timing of
significant orders, market acceptance of new products, competitive
factors, litigation involving intellectual property, shareholders
or other issues, commercial and economic disruption due to natural
disasters, terrorist activity, armed conflict or political
instability, changes in import/export regulations, epidemics and
other risks indicated in the Company's reports and financial
statements. The Company assumes no obligation nor intends to update
or revise any forward-looking statements to reflect future
developments or circumstances.
This press release contains inside information within the
meaning of Article 7(1) of the EU Market Abuse Regulation.
CONTACT
Investor and media contact:Victor BareñoT: +31
88 100 8500 E: investor.relations@asm.com
- 20221128 - ASMI UPDATES Q4 GUIDANCE
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