ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

AMSTERDAM: ASML Holding NV, 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.

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