!!! Press Release !!! AIXTRON AG – Group revenues and profits increase in the first half of 2001
Forecast raised for fiscal year 2001
As expected, AIXTRON, the technology and global market leader for MOCVD equipment used in the manufacture of compound semiconductors and other multicomponent materials, is delighted to report that its second quarter of 2001 was extremely satisfying. Consolidated revenues amounted to EUR 58.9 mil., with earnings before taxes of EUR 14.9 mil., and consolidated net income totaled EUR 7.8 mil. or EUR 8.6 mil. before goodwill amortization. This corresponds to a return on sales of 13.2% or 14.6% before goodwill amortization. Earnings per share were EUR 0.13 or EUR 0.14 before goodwill amortization. With revenues of EUR 118.7 mil. for the first six months AIXTRON has topped last year's figures by 79%. 35% of this revenue was generated in the United States, 42% in Asia and 23% in Europe. At EUR 5.6 mil., research and development expenses were exactly on target. Earnings before taxes rose by 87% to EUR 30.4 mil. and consolidated net income by 112% to EUR 16.5 mil., or before goodwill by 93% to EUR 18.1 mil. This resulted in a return on sales of 13.9% or 15.2% before goodwill amortization. Profits per share for the first six months grew to EUR 0.26 or EUR 0.28 before goodwill. This excellent half-yearly result has led AIXTRON’s Executive Board to raise its targets for the year as a whole. Revenues are set to rise by 51% yoy to EUR 239 mil. and net income by 62% yoy to EUR 30 mil., or by 53% yoy to EUR 33 mil. before goodwill. This is equivalent to a return on sales after taxes of 12.6% or 13.8% before goodwill. Earnings per share will be EUR 0.46 or EUR 0.51 before goodwill. New orders in the Group of EUR 50.1 mil. in the second quarter and therefore of EUR 102.4 mil. in the first six months (+10% yoy) mean that the order backlog rose by 79% to EUR 160.7 mil. by the end of the quarter, supporting AIXTRON’s forecast growth of an average 30% p.a. for the next few years. AIXTRON’s patented technology, the strong growth of many different end user markets and a customer base of over 150 customers worldwide all create a foundation for further growth. In the first six months AIXTRON received orders, some of which were repeat orders, from companies such as Alcatel (F), Sumitomo (J), Marconi (GB), JDS Uniphase (US), AXT (US) and Anritsu (J). Clients are already planning their production capacity for compound semiconductors with a view of 18 to 24 months. Every day, more than 500 AIXTRON systems in practical use in over 15 countries demonstrate their technological lead. The internationally renowned market research institute VLSI Research Inc recently reported that in 2000 the AIXTRON Group held a 57% share of the global market for MOCVD equipment for compound semiconductors, while that of its main US competitor was only 29%. AIXTRON's technology is the first and all-important step in a value chain comprising a broad, diversified range of products and future technologies. Examples of these are LEDs for signal and illumination technology, lasers and other optoelectronic components for fiber optic data transfer and optical data storage, electronic components for mobile communications and faster signal transfer, as well as solar cells for satellites. A complete copy of the quarterly report for Q2/2001 is available at www.aixtron.com. For further information please contact:
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