Overall, the Q3 results were in line, or slightly higher than management’s expectations that reconfirm that 2020 will be a growing year. Cash generation improved in Q3 and is expected to turn significantly positive in Q4, allowing management to resume the share-buy back programme. On a longer-term view, the company gave a conservation flavour for 2021, which is also expected to be another growth year. We maintain a positive view on the company.
14 Oct 2020
Q3 20: strong results, on track to grow
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Q3 20: strong results, on track to grow
ASML Holding NV (ASML:WBO) | 0 0 1.0% | Mkt Cap: 67,287m
- Published:
14 Oct 2020 -
Author:
Hugo Paternoster -
Pages:
3
Overall, the Q3 results were in line, or slightly higher than management’s expectations that reconfirm that 2020 will be a growing year. Cash generation improved in Q3 and is expected to turn significantly positive in Q4, allowing management to resume the share-buy back programme. On a longer-term view, the company gave a conservation flavour for 2021, which is also expected to be another growth year. We maintain a positive view on the company.