Europe Movers: ASML, Heineken

Inga Muller
16 Apr, 2025
Frankfurt

ASML surged 2.6% to €605.40 after the Dutch supplier to the semiconductor industry reported first quarter 2025 results.

Net sales edged up to €7.74 billion from €5.29 billion, net income jumped to €2.35 billion from €1.22 billion, and diluted earnings per share rose to €6.00 from €3.11 a year ago.

The company guided 2025 net sales to be between €30 billion and €35 billion, compared to €28.26 billion in 2024, with a gross margin between 51% and 53%, compared to 51.3% a year earlier.

However, first-quarter order bookings of €3.94 billion fell short of analysts' expectations amid tariff uncertainties. 

The company estimated second-quarter net sales between €7.2 billion and €7.7 billion, compared to €6.2 billion a year ago, with a gross margin between 50% and 53%, compared to 51.5% in the second quarter of 2024.

In the first quarter, ASML purchased around €2.7 billion worth of shares under the current 2022-2025 share buyback program.

The company proposed a dividend for the year of €6.40 per share, a 4.9% increase compared to 2023.

Recognizing the three interim dividends of €1.52 per share paid in 2024 and 2025, the final dividend amounts to €1.84 per share.

Heineken N.V. surged 2.9% to €77.36 after the Dutch beer maker reported first quarter 2025 results.

Revenue decreased 4.9% to €7.78 billion from €8.18 billion a year ago.

The company guided operating profit in the full year to grow organically between 4% and 8%.

“In our business-to-business digital platforms, we captured €3.1 billion in gross merchandise value, an organic increase of 16% versus last year,” the company said in a release to investors.

“We are now connecting 686,000 active customers in fragmented, traditional channels,” the company added in the statement.

The Heineken volume in the quarter edged up 4.6% to 14.4 mhl from 13.8 mhl a year earlier, with double-digit growth in 25 markets, including Vietnam, China, and Nigeria.