November 8, 2018 / 7:19 AM / 5 days ago

ASML raises sales targets for 2020 and beyond

AMSTERDAM, Nov 8 (Reuters) - ASML, a Dutch supplier of equipment to computer chip makers, on Thursday raised sales targets for the coming years, with its systems looking set to dominate in their subsector, using focused energy beams to map out circuitry.

ASML said sales in 2020 would be at least 13 billion euros ($14.8 billion), up from an earlier target of 11 billion.

For 2025 they will be 15-24 billion euros, depending on market conditions, the Dutch firm said in a statement ahead of an investor day.

$1 = 0.8762 euros Reporting by Toby Sterling; Editing by Mark Potter

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