ASM International Predicts 10%-20% Sales Growth Despite Tariffs
(Reuters) -Computer chip equipment maker ASM International (ASMI) said on Tuesday it expects annual sales to grow in a double-digit percentage range at constant currencies, despite increased macroeconomic uncertainty from trade tensions.
The Dutch company expects sales to grow in a range of 10% to 20% for 2025.
"While we have reasonable visibility that we will achieve the lower end of the range, achieving the higher end will require some upside opportunities to materialize, which at this point is still uncertain," the company said in a statement.
U.S. President Donald Trump's sweeping tariffs and uncertainty over his trade policies have sent global markets into a tailspin and significantly dampened investors' economic optimism.
"For 2025, we now expect gross margin to be in the upper half of the target range of 46%-50%," CEO Hichem M'Saad said, adding that this excludes any potential direct impact from tariffs, which was currently difficult to predict.
Europe's second-largest chip equipment supplier also expects its second-quarter sales to increase by a range of 1%-6%, at constant currencies, from 839.2 million euros ($958.03 million) in the first quarter.
($1 = 0.8760 euros)
(Reporting by Ozan Ergenay in Gdansk; Editing by Emelia Sithole-Matarise and Joe Bavier)
