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BRIEF-ASM International Q4 new orders at 176.9 million euros beating Reuters poll
March 2, 2017 / 5:34 PM / 9 months ago

BRIEF-ASM International Q4 new orders at 176.9 million euros beating Reuters poll

March 2 (Reuters) - ASM International NV:

* Q4 new orders 176.9 million euros ($185.9 million) versus 143 million euros in Reuters poll

* Q4 operating result 29.9 million euros versus 25.4 million euros in Reuters poll

* Q4 net sales 172.6 million euros versus 161 million euros in Reuters poll

* Q4 adjusted net earnings 61.5 million euros versus 42.1 million euros in Reuters poll

* Dram segment is expected to show a modest recovery in 2017

* Projects a year-on-year sales increase for the first half of 2017, whereby company expects a sales level of 135-145 million euros for Q1 and 160-200 million euros for Q2

* Expect that the single wafer ALD market experienced a double digit decline in 2016

* Forecasts the single wafer ALD market to reach a size of approx. USD 1.5 billion in 2020-2021

* Order intake in Q1 is expected to remain healthy at a level of 170-190 million euros, also on a currency comparable level

* Continue to expect a clear improvement in the single wafer ALD market in 2017

* Announces that its Management Board authorized an increase to 100 million euros in its share buyback program announced in October Source text: Further company coverage: ($1 = 0.9515 euros) (Gdynia Newsroom)

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