Q4 2019 ASML Holding NV Earnings Interview with CEO Transcript
Mr. Winnick, another record year in revenue for ASML. Can you give us a summary of the fourth quarter and the full year results?
Of course, let's first talk about the numbers. Fourth quarter sales came in at EUR 4 billion. That's just above guidance and gross margin within guidance. That translates into a full year sales number of EUR 11.8 billion and EUR 2.6 billion of net income. So it's a good year.
When you look at those numbers, I think you need to look at the bigger picture. I think if you look at 2019, it was a year where the Logic business was strong. Memory was weaker because our Memory customers were digesting an overcapacity situation.
But within that context, the estimate is that our equipment industry, the industry at large, will have a reduction in sales of about 10%, and ASML grew between 8% and 9%. So that's very good. And actually, it's a reflection of, I think, the importance of lithography, the
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