Businessweek

Annual General Meeting

ASML Holding NV approved 2012 dividend of EUR 0.53 per ordinary share of EUR 0.09, at the annual genera meeting held on April 24, 2013. The company also approved the appointment of Mr. Grose and Ms. Smits-Nusteling as members of the Supervisory Board effective April 24, 2013. Messrs. O. Bilous and F.W. Fröhlich will retire by rotation in 2014.

ASML Holding NV announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, on U.S. GAAP basis, the company reported total net sales were EUR 892.1 million against EUR 1,251.9 million for the quarter ended April 1, 2012. Income from operations was EUR 107.5 million against EUR 322.9 million for the quarter ended April 1, 2012. Income before income taxes was EUR 104.2 million against EUR 323.5 million for the quarter ended April 1, 2012. Net income was EUR 96.2 million or EUR 0.23 per diluted share against EUR 282.0 million or EUR 0.68 per basic and diluted share for the quarter ended April 1, 2012. Net cash used in operating activities was EUR 56.3 million against net cash provided by operating activities of EUR 395.6 million for the quarter ended April 1, 2012. Purchase of property, plant and equipment was EUR 27.3 million against EUR 47.2 million for the quarter ended April 1, 2012. Purchase of intangible assets was EUR 4.0 million against EUR 3.3 million for the quarter ended April 1, 2012. For the quarter, on IFRS basis, the company reported total net sales were EUR 892.1 million against EUR 1,251.9 million for the quarter ended April 1, 2012. Operating income was EUR 171.1 million against EUR 362.8 million for the quarter ended April 1, 2012. Income before income taxes was EUR 170.9 million against EUR 360.8 million for the quarter ended April 1, 2012. Net income was EUR 155.7 million against EUR 317.4 million for the quarter ended April 1, 2012. Net cash provided by operating activities was EUR 31.9 million against EUR 463.3 million for the quarter ended April 1, 2012. Purchase of property, plant and equipment was EUR 27.3 million against EUR 47.2 million for the quarter ended April 1, 2012. Purchase of intangible assets was EUR 92.2 million against EUR 70.9 million for the quarter ended April 1, 2012. For the second quarter of 2013, the company expects net sales of about EUR 1.1 billion, a gross margin of between 41% and 42%. The company continues to expect sales levels for 2013 to come in at similar levels to 2012. The company proposed dividend to EUR 0.53 per share, which is a 15% increase.

ASML Holding NV's Supervisory Board announced it has decided upon the new leadership of the company, as the contract of Eric Meurice, President and Chief Executive Officer, ends in 2014. As of 1 July 2013, ASML's leadership will be comprised as follows: Peter Wennink will be President and Chief Executive Officer; Martin van den Brink will be President and Chief Technology Officer; Frits van Hout and Frederic Schneider-Maunoury will continue as Executive Vice Presidents in the Board of Management; Eric Meurice will be Chairman of the company and act as adviser to the new leadership and the Supervisory Board until the end of his contract on March 31, 2014, ensuring a smooth and comprehensive transition of critical tasks and processes, customer contacts and relations with strategic suppliers. Eric Meurice took office as CEO and President on October 1, 2004 and is currently on his third term. Peter Wennink will act as interim Chief Financial Officer until a successor has been appointed. Peter Wennink joined the company as Executive Vice President, Chief Financial Officer and member of the Board of Management of the company in 1999. Martin van den Brink joined the company when the company was founded in early 1984 and held several positions in engineering.

ASML Holding NV, Q1 2013 Earnings Call, Apr 17, 2013