ASML Holding NV (XAMS:ASML)
€ 658.4 15.5 (2.41%) Market Cap: 258.88 Bil Enterprise Value: 258.59 Bil PE Ratio: 37.41 PB Ratio: 16.03 GF Score: 97/100
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ASML Holding NV at Citi Global Technology Conference Transcript

Sep 04, 2019 / 12:00PM GMT
Release Date Price: €204.7 (+1.71%)
Amit B. Harchandani
Citigroup Inc, Research Division - VP and Analyst

Warm welcome to the listeners of the webcast. I'm Amit Harchandani, Head of Citi's European Tech Research Franchise. And on behalf of Citi's Global Technology team, I would formally like to welcome you to our 26th Annual Global Technology Conference.

Opening keynote this morning is ASML, the dominant supplier of lithography systems with a market share approaching 90% in 2018. Representing top management, it is my privilege to welcome on stage CFO, Roger Dassen. In addition, we also have Pete Convertito, Director Investor Relations, joining us in the audience. Thank you for joining us, gentlemen. So the way we have planned this, Roger, is that I'll ask you some questions, some of which have been sent by investors beforehand and also pause in between to take the questions from the audience here. So in the interest of time to begin with, I'm keen to talk about the broader demand trends across your 2 key end markets: logic and memory. So the first question may be starting with memory. You lowered your outlook for 2019, sales down

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