"We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.
The chip crunch has driven home the need for automakers to be "proactive" right now, and create "supply-chain resiliency" longer term to avoid disruptions in the future, the firm said on Friday.
Net profit rose to 8.8 billion Swedish kronor ($1.05 billion, 874 million euros), up from 4.67 billion a year earlier and beating analyst expectations.
The group, which makes equipment for chipmakers, said in a statement it had booked record orders of 327 million euros ($386.12 million) for the quarter, up 108% from the previous quarter and 176% from the same quarter of 2020.
The shortage comes as carmakers, which shut plants during the COVID-19 pandemic last year, compete against the sprawling consumer electronics industry for chip supplies.