ASMIY - ASM International GAAP EPS of Euro7.67 revenue of Euro710M

2023-04-26 08:46:03 ET

• ASM International Press release ( OTCQX:ASMIY ): Q1 GAAP EPS of €7.67.
• Revenue of €710M (+37.4% Y/Y).
• New orders of €647 million for the first quarter 2023 decreased by 6% at constant currencies compared to the same period last year (decreased 11% as reported).
• Year-on-year revenue growth for the first quarter 2023 was 40% at constant currencies (37% as reported).
• Normalized gross profit margin of 51.1%, excluding PPA expenses in the first quarter 2023, improved compared to 47.8% in the same quarter last year, mainly explained by mix.
• Normalized operating result for the first quarter 2023, excluding PPA expenses, improved from €143 million last year to €221 million this year due to strong revenue growth.
• Net earnings included a non-cash reversal of €215 million, with the previous impairment of the ASMPT stake fully reversed at the end of Q1, reflecting the recovery in the market valuation of ASMPT.

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