Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
First-quarter bookings fall sharply at ASML
(Sharecast News) - Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update. The Dutch firm, the leading supplier of manufacturing equipment to the semiconductor industry, saw total net sales slide to €5.3bn from €7.2bn in the previous quarter, in line with company guidance.
However, net bookings fell sharply, to €3.6bn from €9.2bn, well below analyst expectations for bookings of more than €5bn.
Net income was also down, falling to €1.2bn from £2bn.
As at 1100 BST, shares in the firm were down 4%, having fallen as much as 6% earlier in the session.
The tech giant has been hit by a slowdown across the semiconductor industry as well as US-driven sanctions against China.
However, the firm - which forecast second-quarter sales of between €5.7bn and €6.2bn - left its outlook for the full year unchanged.
Outgoing chief executive Peter Wennink said: "Our outlook for the full year 2024 is unchanged, with the second half expected to be stronger than the first, in line with the industry's continued recovery from the downturn.
"We see 2024 as a transition year with continued investments in both capacity ramp and technology, to be ready for the turn in the cycle."
Wennink, 66, announced last November that he would step down this month, after more than a decade at the helm.
He will be replaced by chief business officer Christophe Fouquet.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.