NEW YORK, NY--(Marketwire - March 9, 2011) - No European company is held in higher esteem by the investment analysts who cover it than ASML Holding, which for a second consecutive year is the only outfit to take top honors in every category in its sector on the All-Europe Executive Team, Institutional Investor's annual ranking of the region's best CEOs, CFOs, investor-relations professionals and investor-outreach initiatives.
The complete list of winners can be found at www.institutionalinvestor.com.
Survey results reflect the opinions of more than 800 money managers and investment professionals at some 435 buy-side firms, and more than 1,200 sell-side analysts from nearly 150 institutions.
The executive team at ASML, a semiconductor-equipment manufacturer headquartered in Veldoven, Netherlands, is "very focused on the long-term investor," according to Sandeep Deshpande, leader of J.P. Morgan Cazenove's No. 1-ranked team in the Semiconductors sector on II's 2011 All-Europe Research Team. "Of course that involves running the business very efficiently, gaining share in end markets and so on, but it also means that the company does not worry about short-term trends such as whether orders are up one quarter or down, as some short-term investors do."
But ASML has given even short-term investors much to cheer about lately. "Last year was an exceptional year for us," declares President and CEO Eric Meurice. "We broke records with revenues of EUR 4.5 billion -- triple what we achieved in 2009." In addition, ASML reported that its net income skyrocketed to EUR 1.02 billion last year, after a loss of EUR 150.9 million in 2009.
Two Swiss companies, biotechnology firm Actelion and builder-materials supplier Holcim, tie for second place, followed by Paris-based luxury goods maker LVMH Moët Hennessy Louis Vuitton.
The complete list of winners can be found at www.institutionalinvestor.com.
Editorial inquiries; please contact II Managing Editor Thomas W. Johnson at tjohnson@iimagazine.com or +1(212) 224-3160.
All other inquiries; please contact Michele Bickford at mbickford@iiresearchgroup.com or +1(212) 224-3360.
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