LONDON — In a better than anticipated guidance note, ASML Holding NV (Veldhoven, the Netherlands) says its business has picked up over the past months.
The Dutch lithography gear vendor says the main reason is due to improved short- and mid-term orders from makers of DRAMs and logic devices.
"This will translate into Q3 and Q4 2009 net sales of above Euros 500 million (about $650 million) each and Q3 2009 bookings significantly above that level," the company said.
Previous guidance issued on July 15 was for Q3 2009 net sales of around Euros 450 million.
ASML will report final 2009 third quarter results on October 14, 2009.
In July, the company reported sales of Euros 277 million (about $388 million) in the second quarter, up 50 percent from Q1 and beating its own estimates. Nevertheless the company continued to make losses.
In comparison with Q2 2008, sales declined 67 percent, and the previous year's Q2 profit of Euros 192 million turned into a loss of Euros 104 million.
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