STOCK EXCHANGE: A fragmented opening in Europe – ASML believes in long-term growth

After a while of trading, the Stoxx 600 index was up 0.2 percent. The CAC 40 index in Paris was up 0.2 percent, the DAX index in Frankfurt was up 0.6 percent, the FTSE 100 index in London was down 0.1 percent and the OMXS30 index in Stockholm was up 0.1 percent.

Dutch equipment manufacturer for the semiconductor industry ASML on Thursday confirmed its outlook for the coming years. ASML expects revenue to be between $44 billion and $60 billion in 2030, which is the same as the company’s previous outlook. The guidance means an increase in turnover of approximately 8–14 percent over the next five years.

“We are strengthening our capital allocation strategy and expect to be able to return significant amounts of money to our shareholders through increasing dividends and share buybacks”, CEO of AMSL Roger Dassen commented in the announcement.

The company’s gross profit forecast for 2030 is approximately 56–60 percent.

Earlier, in connection with the results announcement, it became clear that ASML’s order intake fell in the third quarter, which led to a price drop for both ASML and other semiconductor stocks. ASML also calculated its guidelines for 2024.

ASML’s share was up 2.6 percent after trading on the Amsterdam stock exchange for a while.

German Siemens Energy raised its medium-term guidance on Wednesday, and the company’s stock shot up by more than 19 percent. On Thursday, Siemens Energy’s share was again up more than one percent after trading for a while.

Siemens Energy now expects revenue to grow by 8-10 percent in 2025 and to continue high single-digit or low double-digit growth through 2028.

Yesterday’s rise was offset by about 1.6 percent by the Dutch food delivery giant Just Eat Takeawaywhose stock rose 20 percent on Wednesday. The company said it was selling its unit located in the United States Grubhubille for $650 million.

Based on the indices, a mixed opening is expected for Wall Street: Dow Jones +0.04%, S&P 500 -0.03% & Nasdaq -0.13%.