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ASML soars after announcing that in the first quarter it earned 240% more

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The Dutch manufacturer of semiconductor equipment ASML recorded a net profit of 1,330 million euros in the first quarter of the year, which represents 240% more than in the same period of 2020. In addition, it predicts that its sales will grow 30% in 2021, above its forecast of at least 10% in January. Sales in the first quarter were 4,360 million euros. The company's shares soared more than 4% this Wednesday.

"Compared to three months ago, we are seeing a significant increase in demand across all market segments and our product portfolio, "said ASML CEO Peter Wennink.

Most of ASML's sales are to Taiwan and South Korea, with China in third place and the United States in fourth, although its sales to China face export license restrictions as some of their machines are considered "dual use" technology with military applications.

The group's order book improved with net reserves of 4,740 million euros between January and March, compared to € 4.24 billion in 2020.

ASML has raised its turnover by 78.6% up to 4,360 million euros, from the 2,440 million that it entered in the same period a year ago, also obtaining a gross margin of 53.9%.

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