Financial Performance - ASM International reported Q1 2025 results with new orders of €834 million, a 14% increase year-on-year at constant currencies, and a 20% increase as reported, driven by strong GAA 2nm orders and contributions from the Chinese market [1][3] - Revenue for Q1 2025 reached €839 million, reflecting a 26% increase at constant currencies and a 31% increase as reported, surpassing the guidance midpoint of €810-850 million [1][2] - Gross profit margin improved to 53.4%, up from 52.9% in Q1 2024 and 50.3% in Q4 2024, attributed to a favorable product and customer mix [1][4] - Adjusted operating result margin increased to 32.3%, a rise of 2.3 percentage points year-on-year and 4.2 percentage points quarter-on-quarter, due to higher gross profit margins and reduced operating expenses [1][4] Market Conditions - Demand in AI-related segments, particularly in leading-edge logic/foundry and DRAM HBM memory, remained strong, while other market segments were sluggish [3][4] - The cash position improved to over €1.1 billion, supported by robust free cash flow of €264 million [3] Outlook - For 2025, ASM expects sales to grow by a double-digit percentage range of 10-20% year-on-year at constant currencies, outpacing the WFE market, which is forecasted to grow slightly [5] - Q2 2025 sales are anticipated to increase by 1% to 6% compared to Q1, indicating continued double-digit year-on-year growth [6] - The company remains confident in strong GAA sales for 2025, with healthy memory sales expected, although lower than the strong levels seen in 2024 [7][8] Corporate Actions - ASM announced a regular dividend proposal of €3.00 per common share at the upcoming Annual General Meeting scheduled for May 12, 2025 [9] - A new share repurchase program of up to €150 million for the 2025/2026 period was authorized, set to commence on April 30, 2025 [10]