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26. July 2012 | Finance News
AIXTRON SE / Key word(s): Half Year Results/Product Launch AIXTRON orders & revenues stabilize Increased Order Intake and EBIT profitability expected to return within H2/2012 Aachen, Germany, July 26, 2012 - AIXTRON SE (ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the global semiconductor industry, has seen its Q2 revenues and orders stabilize at the levels of Q1. With EUR 46.1m in revenues and an EBIT of EUR -16.5m, the Company has achieved a sequential improvement of its financial results. There is also evidence of improved capacity utilizations among LED producers and current quotation levels suggest that a bottom in the order intake cycle may have been reached. However, the prevailing market uncertainty makes the magnitude and timing of the equipment demand pick-up still difficult to forecast with any certainty, which may also affect the Company's ambition to be EBIT profitable in fiscal year 2012. The Company expects nevertheless to return to profitability in the course of the second half of this year. Key Financials
Financial Highlights The gross margin increased by 7 percentage points from 25% in Q1/2012 to 32% in Q2/2012, mainly due to a favorable product mix and currency effects. The H1/2012 gross margin was reported at 28%, down from 48% in the same period last year. The EBIT remained negative, but improved by 10% sequentially, from EUR -18.3m in Q1/2012 to EUR -16.5m in Q2/2012. The H1/2012 EBIT decreased on a year on year comparison by 127%, from EUR 129.2m in H1/2011 to EUR -34.7m in H1/2012. This development was principally due to the significantly reduced gross profit, resulting from the lower sales volumes, coupled with an increasing absolute operating cost base, mainly driven by higher investments into R&D and currency effects. In line with expectations, AIXTRON's order intake volume remained stable during the second quarter of this year. New orders amounted to EUR 30.0m and were broadly in line with the Q1 level of EUR 31.5m, possibly marking the trough level of the current investment cycle. The total H1/2012 order intake of EUR 61.5m compares to a H1/2011 level of EUR 432.5m. Encouragingly, AIXTRON is seeing its non-LED business gaining traction. The Company recorded an increase in silicon equipment orders during H1/2012, strongly influenced by a major order placed by a leading Korean DRAM manufacturer for AIXTRON's next generation QXP8300 ALD deposition tool. The Company also recorded several orders from the high potential power electronics market for both R&D and production tools. Management Review Outlook Financial Tables Investor Conference Call Contact: For further information on AIXTRON SE (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN US0096061041) please consult our website at: www.aixtron.com. Forward-Looking Statements Contact: Investor Relations and Corporate Communications AIXTRON SE, Kaiserstr. 98, 52134 Herzogenrath, Germany Phone: +49 241 8909 444, Fax: +49 241 8909 445, invest@aixtron.com www.aixtron.com End of Corporate News 26.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | AIXTRON SE | |
Kaiserstr. 98 | ||
52134 Herzogenrath | ||
Germany | ||
Phone: | +49 (241) 8909-444 | |
Fax: | +49 (241) 8909-445 | |
E-mail: | invest@aixtron.com | |
Internet: | www.aixtron.com | |
ISIN: | DE000A0WMPJ6, US0096061041 | |
WKN: | A0WMPJ | |
Indices: | TecDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Terminbörse EUREX | |
End of News | DGAP News-Service |
179183 26.07.2012 |
Our registered trademarks: AIXACT®, AIXTRON®, Atomic Level Solutions®, Close Coupled Showerhead®, CRIUS®, EXP®, EPISON®, Gas Foil Rotation®, Optacap™, OVPD®, Planetary Reactor®, PVPD®, STExS®, Trijet®
Investor Relations
Carsten Werle
Director Investor Relations (Interim)
Alan Tai
Taiwan/Singapore
Christof Sommerhalter
USA
Christian Geng
Europe
Hisatoshi Hagiwara
Japan
Nam Kyu Lee
South Korea
Wei (William) Song
China
AIXTRON SE (Headquarters)
AIXTRON 24/7 Technical Support Line
AIXTRON Europe
AIXTRON Ltd (UK)
AIXTRON K.K. (Japan)
AIXTRON Korea Co., Ltd.
AIXTRON Taiwan Co., Ltd. (Main Office)
AIXTRON Inc. (USA)
Laura Preinich
Recruiter
Tom Lankes
Talent Acquisition Expert- Ausbildungsleitung
Christoph Pütz
Senior Manager ESG & Sustainability
Christian Ludwig
Vice President
Carsten Werle
Director Investor Relations (Interim)
Ragah Dorenkamp
Director Corporate Communications
Prof. Dr. Michael Heuken
Vice President Advanced Technologies