ASM International (ASM) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with multilingual access and simultaneous translation for inclusivity.

• Introduction of all Management and Supervisory Board members, auditor, and notary present.

• Housekeeping covered meeting logistics, voting procedures, and Q&A protocols.

• Shareholders could submit questions in advance or during the meeting, with structured rounds for Q&A.

• Voting on agenda items was digital or by proxy, with results to be posted online.

Financial performance review

• Revenue increased by 12% in 2024, marking the eighth consecutive year of double-digit growth.

• Operating profit rose by 23% year-over-year; gross margin surpassed 50% for the first time.

• Record profit of EUR 821 million and free cash flow of EUR 548 million achieved.

• EUR 287 million returned to shareholders via dividends and share buybacks.

• Spares and services business grew 29%, now representing 19.19% of total revenue.

Board and executive committee updates

• New CEO Hichem M'Saad appointed, succeeding Benjamin Loh, with a successful transition.

• Two new Supervisory Board members added, strengthening audit and technology oversight.

• Reappointments of key board and supervisory members approved for continuity.