ASML is one of the world’s leading manufacturers of chip-making equipment. Headquartered in Veldhoven, the Netherlands, ASML employs more than 21,000 people.
ASML is one of the world’s leading providers (measured in revenues) of lithography equipment that is critical to the production of ICs or chips. Headquartered in Veldhoven, the Netherlands, ASML operates globally, with activities in Europe, the United States and Asia. As of December 31, 2011 we employed 7,955 payroll employees (2010: 7,184) and 1,935 temporary employees (2010: 2,061), measured in full-time employees (“FTEs”). ASML operates in 16 countries through over 55 sales and service locations.
In 2011, we generated net sales of EUR 5,651.0 million and operating income of EUR 1,643.5 million or 29.1 percent of net sales. Net income in 2011 amounted to EUR 1,494.0 million or 26.4 percent of net sales, representing net income per ordinary share of EUR 3.51.
In the executive summary below we provide an overview of the risk factors, followed by an update of semiconductor equipment industry conditions, a discussion of our business strategy and our key performance indicators.