AMSTERDAM (Reuters) – ASML Holding NV, a key supplier of equipment to computer chip manufacturers, on Wednesday said it would launch a 12 billion euro ($12.2 billion) share buyback programme to run through 2025.
In an announcement ahead of an investors’ day on Nov. 11, the company said it expects revenue of 30 billion to 40 billion euros by 2025, up from a previous estimate of 24 billion to 30 billion euros.
“While the current macro environment creates near-term uncertainties, we expect longer-term demand and capacity showing healthy growth,” the company said in a statement.
($1 = 0.9839 euros)
(Reporting by Toby Sterling; Editing by David Goodman)
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