Latest news with #MillaNissi-Prussak
The Star
5 days ago
- Business
- The Star
TomTom raises 2025 guidance after positive half-year results
(Reuters) - Dutch digital mapping specialist TomTom raised its full-year revenue outlook on Tuesday, saying its results in the first half of 2025 were better than it had initially expected despite market headwinds. The Amsterdam-based company expects its revenue to come between 535 million and 565 million euros ($624.72 million and $659.75 million) in 2025, compared with the previous forecast of 505-565 million euros. ($1 = 0.8564 euros) (Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
The Star
15-05-2025
- Business
- The Star
ASM to pass on tariff costs to buyers, says no disadvantage against peers
AMSTERDAM (Reuters) -Dutch chip-making equipment supplier ASM International plans to pass on any cost increases related to tariffs to its value chain, including customers, its CEO and finance chief told Bank of America in a meeting, a report on the analysts' takeaways showed on Thursday. Europe's second-largest supplier of semiconductor equipment said that thanks to its manufacturing flexibility, it "won't be at a disadvantage compared to competitors", the note distributed by the bank reads. ASM makes wafer fab processing equipment which is a key to chipmakers like Intel or TSMC as they adopt a leading-edge transistor design called Gate-All-Around. But in other segments, it competes with major U.S. players such as Applied Materials and LAM Research. It is also the most exposed to the U.S. market among its European peers, including ASML and BE Semiconductor. ASML had said as part of its first-quarter reporting that U.S. chipmakers would bear the "lion's share" of tariff costs. ASM's management told the analysts that its Chinese sales may reach the high end of its guidance range for 2025, or be slightly above that, the report showed. The company has guided for Chinese equipment sales to make up a low-to-high twenties percentage of its total sales in 2025. ASML's chief financial officer had similarly said in its last earnings presentation that Chinese demand was stronger than expected in 2025. (Reporting by Nathan Vifflin, editing by Milla Nissi-Prussak)
Yahoo
08-05-2025
- Business
- Yahoo
Kongsberg's profit soars in 1st quarter on defence systems demand
(Reuters) -Norwegian defence equipment maker Kongsberg Gruppen reported an 81% higher first-quarter core profit on Thursday, driven by demand for its missiles and air defence systems among others. Its operating earnings before depreciation and amortisation (EBITDA) soared to 3.29 billion Norwegian crowns ($318.3 million) in the first quarter on the year. ($1 = 10.3369 Norwegian crowns) (Reporting by Marta Frąckowiak in Gdansk; Editing by Milla Nissi-Prussak)
