ASMi: neglected after its annual results
The Dutch group saw its adjusted net profit fall by almost 62% to 90.9 million euros, with a normalized operating margin down 3.9 points to 22.3% on revenues of 633 million, down 7% excluding currency effects.
Oddo BHF has lowered its EPS by 7%, as well as its price target from 700 to 680 euros, but remains 'outperform', noting orders 6% higher than expected and judging that the publication 'in no way invalidates the scenario of strong growth in 2025'.
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