VELDHOVEN, the Netherlands, April 20, 2016 - ASML Holding N.V. (ASML) today publishes its 2016 first-quarter results.
Q1 net sales of EUR 1.33 billion, gross margin 42.6 percent
ASML guides Q2 2016 net sales at approximately EUR 1.7 billion and a gross margin of around 42 percent
(Figures in millions of euros unless otherwise indicated) Q4 2015 Q1 2016
Net sales 1,434 1,333
...of which service and field option sales 553 477

Other income (Co-Investment Program) 21 23

New systems sold (units) 32 28
Used systems sold (units) 5 5
Average Selling Price (ASP) of net system sales 23.8 25.9

Net bookings 1,184 835
Systems backlog 3,184 3,018

Gross profit 660 568
Gross margin (%) 46.0 42.6

Net income 292 198
EPS (basic; in euros) 0.68 0.46

End-quarter cash and cash equivalents and short-term investments 3,409 3,138
A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com
CEO Statement
"Our first-quarter net sales and gross margin met our guidance. We expect our second-quarter net sales to increase substantially from the first quarter, as our leading-edge logic customers begin to ramp the 10 nanometer node. Simultaneously, we see continued investment in earlier nodes, notably in the 28 nanometer node," ASML President and Chief Executive Officer Peter Wennink said.
"We continued the rollout of our latest immersion lithography system, the TWINSCAN NXT:1980, with the systems being ramped into production, as well as of our newest metrology system, the YieldStar 350E.
"Our next-generation technology, Extreme Ultraviolet (EUV) lithography, is continuing to make progress to manufacturing readiness. In the past three months, we again demonstrated improved productivity and availability. Our customers presented a wealth of EUV results at the SPIE Advanced Lithography conference that demonstrated significant progress, and they indicated an increased confidence in EUV for manufacturing insertion," Wennink said.

Product and Business Highlights
In Deep Ultraviolet (DUV) lithography, we shipped six TWINSCAN NXT:1980 systems in the quarter. The NXT:1980 rapidly reached productivity of more than 4,000 wafers per day, demonstrating the maturity of our latest NXT platform.
In Holistic Lithography, we started rolling out our YieldStar 350E integrated metrology system. YieldStar enables highly accurate metrology for subsequent analysis in ASML’s Holistic Lithography software, which allows customers to control leading-edge production processes for increased yield.
In Extreme Ultraviolet (EUV) lithography, we achieved productivity of more than 1,350 wafers per day, bringing us closer to our 1,500 wafer per day target for 2016. Separately, three customer systems showed availability of more than 80 percent on average for four weeks. We shipped one NXE:3350B system in Q1.

Outlook
For the second-quarter of 2016, ASML expects net sales at approximately EUR 1.7 billion, a gross margin of around 42 percent, R&D costs of about EUR 270 million, other income of about EUR 23 million -- which consists of contributions from participants of the Customer Co-Investment Program --, SG&A costs of about EUR 90 million and an effective annualized tax rate of around 12 percent.
Our second-quarter net sales guidance includes about EUR 110 million sales for two EUV systems. In accordance with applicable accounting standards we can only recognize part of the system revenue but must recognize the full cost. Together with the initially low profitability of early EUV systems, this has an expected negative impact of 5 percentage points on the gross margin.
Update Share Buyback Program
As part of ASML's financial policy to return excess cash to shareholders through dividends and regularly timed share buyback programs, ASML in January 2016 announced its intention to purchase up to EUR 1.5 billion of shares to be executed within the 2016-2017 time frame. ASML intends to cancel the shares upon repurchase. Through April 3, 2016, ASML has acquired 2.7 million shares under this program for a total consideration of EUR 223 million. The repurchased shares will be canceled. The share buyback program will be executed within the limitations of the existing authority granted by the AGM on April 22, 2015 and of the authority granted by future AGMs. The share buyback program may be suspended, modified or discontinued at any time. All transactions under this program will be published on ASML's website (www.asml.com/investors) on a weekly basis.

tijd 10.08
ASML EUR 89,83 +1,58 vol. 528.000

ASML Discloses Results of Annual General Meeting of Shareholders




VELDHOVEN, the Netherlands, 29 April 2016 - ASML Holding N.V. (ASML) today announces the results of its Annual General Meeting of Shareholders held on 29 April 2016.


On 29 april 2016
The General Meeting of Shareholders adopted ASML's statutory financial statements for the financial year 2015.

In addition, the General Meeting of Shareholders approved the following items:

Discharge of the members of the Board of Management and the Supervisory Board from liability for their responsibilities in the financial year 2015.
Proposal to adopt a 2015 dividend of EUR 1.05 per ordinary share.
The maximum number of shares for the Board of Management for 2016, and the maximum number of stock options and/or shares for employees.
The appointment of KPMG as the external auditor for the reporting year 2017.
Proposal to authorize the Board of Management for a period of 18 months from 29 April 2016: (i) to issue shares or grant rights to subscribe for ordinary shares in the capital of the Company, limited to 5 percent of the issued share capital of the Company at the time of the authorization; (ii) to issue an additional 5 percent of the issued share capital only in connection with mergers, acquisitions and/or (strategic) alliances; and (iii) to authorize the Board of Management to restrict or exclude the pre-emption rights in connection with any such issuance, all subject to the approval of the Supervisory Board.
Proposal to extend the existing authority of the Board of Management to acquire through 29 October 2017 a maximum of 20% of ASML's issued share capital, subject to the approval of the Supervisory Board. The shares can be acquired at a price between the nominal value of the shares acquired and 110 percent of the average market price for these securities on Euronext Amsterdam or Nasdaq Stock Market. The AGM also authorized the cancellation of up to 20% of the issued share capital of ASML as of 29 April 2016.


The following subjects were also discussed at the General Meeting of Shareholders:

The Company's business and financial situation.
The implementation of the company's remuneration policy.
ASML's Corporate Governance.
ASML's reserves and dividend policy.
The composition of the Supervisory Board in 2016: Mr. A.P.M. (Arthur) van der Poel retired by rotation and Mr. G.J. Kleisterlee became the new chairman of the Supervisory Board, effective today.

The presentation given at the Annual General Meeting of Shareholders and the recording of an audio webcast are available at www.asml.com