ASMIY - ASM International reports Q4 results; initiates Q1 and FY23 outlook

• ASM International press release ( OTCQX:ASMIY ): Q4 normalized net earnings for the fourth quarter 2022 were €142 million, up from €138 million in Q4 last year.
• Revenue of €724.8M (+47.5% Y/Y).
• New orders of €829 million for the fourth quarter 2022 increased by 26% at constant currencies compared to the same period last year (28% as reported).
• ASM started the year with a record-high order backlog of €1.7 billion.
• Outlook: On a currency comparable level, we expect revenue for Q1 of €660 - 700 million, with a slight increase in Q2 revenue compared to this level. Based on the current visibility, we expect revenue in the second half of 2023 to remain at a healthy level, albeit somewhat lower than in the first half of 2023.
• "We have decided to step up CapEx to a level of €150-200 million in 2023."

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