Home Markets ASML sees decade of growth, $28-35 bln revenues by 2025

ASML sees decade of growth, $28-35 bln revenues by 2025

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ASML Holding logo is seen at company’s headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier

AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products.

“We feel very comfortable with these numbers” Chief Executive Peter Wennink said at a presentation to investors, adding that they did not include possible extra demand for chips due to U.S., Chinese and European drives for “technological sovereignty.”

In a market update, ASML estimated revenue would hit 24 to 30 billion euros ($28 billion-35 billion) in 2025 with gross margins up to 55%. That compares with the previous forecast of a 15-to-24 billion euro range in the same year, at gross margins of at least 50%.

ASML says it is benefiting from what it termed “global megatrends in…

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