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ASML shares dive after Q3 figures leak
The Hague, Oct 15 (AFP) Oct 15, 2024
Shares in Dutch tech giant ASML which supplies chip-making machines to the semiconductor industry took a tumble Tuesday after an apparent leak of its third quarter financial figures.

ASML's share price slumped by more than 15 percent to 668 euros on the blue-chip Amsterdam stock exchange's AEX index around closing, after the company released figures showing far lower order inflows than expected.

Based in Veldhoven in southern Netherlands, the tech giant's statement said net orders dropped from 5.56 billion ($6.06 billion) in the second quarter to 2.6 billion euros in the third.

"Based on the recent market dynamics... we expect our 2025 total net sales to grow to a range between EUR30 billion and EUR35 billion, which is the lower half of the range that we provided at our 2022 Investor Day," ASML chief executive Christophe Fouquet said.

"We expect a gross margin between 51 percent and 53 percent, which is below the range we then provided, mainly related to the delayed timing of EUV demand," he said.

ASML was scheduled to release its financials early Wednesday, but Dutch business media radio BNR said "it is likely that ASML itself brought out the figures prematurely."

The company then made its figures public.


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