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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ASML Holding N.V.    ASML   NL0010273215

ASML HOLDING N.V.

(ASML)
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Dutch government to invest 20 billion euros in economic growth fund

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09/07/2020 | 05:55am EDT

The Dutch government said on Monday it will invest 20 billion euros ($23.6 billion) in education, infrastructure and research and development projects over five years to help strengthen its economy and better shield it from future recessions.

Finance minister Wopke Hoekstra said the government would take advantage of ultra-low interest rates on its bonds to borrow money for the dedicated fund.

"It is clear we have to invest our way out of this crisis," economy minister Eric Wiebes said. "We need to invest in innovation, the jobs of tomorrow and the transition to a sustainable economy."

The new borrowing will add to Dutch government debt, which is already set to balloon to 60% of gross domestic product next year due to spending on unemployment benefits and support for companies during the coronavirus crisis.

After years of austerity, the Dutch government had brought down its debt to 49% of GDP last year.

The Dutch focus on improving government finances has often been criticized by institutions such as the International Monetary Fund, which said the Dutch needed to invest more in education and infrastructure to help stimulate economic growth throughout the euro zone.

Investment proposals for the fund will be weighed by an independent committee, including ex-finance-minister Jeroen Dijsselbloem, the former CEO of chemicals company DSM, Feike Sijbesma, and chip machine maker ASML's CEO Peter Wennink.

(Reporting by Bart Meijer; Editing by Toby Chopra and Catherine Evans)


Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -0.95% 312 Delayed Quote.18.32%
ROYAL DSM N.V. 0.18% 137.45 Delayed Quote.18.39%
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Financials
Sales 2020 13 417 M 15 624 M 15 624 M
Net income 2020 3 216 M 3 745 M 3 745 M
Net cash 2020 1 490 M 1 735 M 1 735 M
P/E ratio 2020 40,8x
Yield 2020 0,80%
Capitalization 130 B 152 B 152 B
EV / Sales 2020 9,61x
EV / Sales 2021 8,53x
Nbr of Employees 24 749
Free-Float 97,3%
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Technical analysis trends ASML HOLDING N.V.
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 354,61 €
Last Close Price 312,00 €
Spread / Highest target 36,2%
Spread / Average Target 13,7%
Spread / Lowest Target -32,7%
EPS Revisions
Managers
NameTitle
Peter T. F. M. Wennink Co-President & Chief Executive Officer
Martin A. van den Brink Co-President & Chief Technology Officer
Gerard Johannes Kleisterlee Chairman-Supervisory Board
Frédéric J. M. Schneider-Maunoury Chief Operations Officer & Executive VP
Roger J.M. Dassen Chief Financial Officer & Executive Vice President
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