ASM International expects FY sales growth of 10%-20% despite tariff uncertainty

Reuters

Tue, Apr 29, 2025, 9:27 AM 1 min read

(Reuters) -Computer spot instrumentality shaper ASM International (ASMI) said connected Tuesday it expects yearly income to turn successful a double-digit percent scope astatine changeless currencies, contempt accrued macroeconomic uncertainty from commercialized tensions.

The Dutch institution expects income to turn successful a scope of 10% to 20% for 2025.

"While we person tenable visibility that we volition execute the little extremity of the range, achieving the higher extremity volition necessitate immoderate upside opportunities to materialize, which astatine this constituent is inactive uncertain," the institution said successful a statement.

U.S. President Donald Trump's sweeping tariffs and uncertainty implicit his commercialized policies person sent planetary markets into a tailspin and importantly dampened investors' economical optimism.

"For 2025, we present expect gross borderline to beryllium successful the precocious fractional of the people scope of 46%-50%," CEO Hichem M'Saad said, adding that this excludes immoderate imaginable nonstop interaction from tariffs, which was presently hard to predict.

Europe's second-largest spot instrumentality supplier besides expects its second-quarter income to summation by a scope of 1%-6%, astatine changeless currencies, from 839.2 cardinal euros ($958.03 million) successful the archetypal quarter.

($1 = 0.8760 euros)

(Reporting by Ozan Ergenay successful Gdansk; Editing by Emelia Sithole-Matarise and Joe Bavier)