27. July 2023 | Finance News
EQS-News: AIXTRON SE / Key word(s): Half Year Results/Quarter Results
AIXTRON raises 2023 growth guidance
Highest order intake since 2011 / Efficient power electronics based on gallium nitride (GaN) and silicon carbide (SiC) further drives successful momentum / Revenues and profit significantly increased
Herzogenrath, Germany, July 27, 2023 – AIXTRON SE (FSE: AIXA, ISIN DE000A0WMPJ6) has, in the second quarter of 2023, continued its strong growth path and has further expanded its order intake: The leading supplier of deposition equipment to the semiconductor industry even achieved the highest quarterly order intake in the company's history since 2011. This momentum was driven by the continued high demand from the addressed end markets and in particular for efficient power electronics based on gallium nitride (GaN) and silicon carbide (SiC). In line with these ongoing dynamics, the Executive Board has raised the growth guidance for the fiscal year 2023.
Strong order intake
Equipment for efficient SiC and GaN power electronics accounted by far for the largest share of the order intake. The reason for the continued strong growth: AIXTRON is currently supporting several major customers in setting up production facilities and enabling these important semiconductor companies to manufacture SiC and GaN devices in high volumes. AIXTRON's new G10 family of products sets the grounds for this – the G10-SiC, the G10-AsP and the G10-GaN, which will follow later this year.
SiC and GaN drive double-digit growth in revenues
Strong earnings performance
Raise of full-year growth guidance
Strongly investing in R&D
AIXTRON concluded the second quarter of 2023 with an operating result (EBIT) of EUR 44.6 million and a strong EBIT margin of 26%, an increase of 159% and 9 percentage points (Q2/2022: EUR 17.2 million; 17%). In the first half of the year, the operating result (EBIT) reached EUR 48.1 million, with an EBIT margin of 19% (H1/2022: EUR 31.4 million; 16%). The profit for the period in the first half of the year increased significantly by 41% to EUR 43.9 million (H1/2022: EUR 31.1 million). Of this, EUR 40.4 million was achieved in the current year's second quarter, an increase of 134% compared to the same period in 2022 (Q2/2022: EUR 17.3 million).
As of June 30, 2023, AIXTRON reported cash and cash equivalents including other current financial assets of EUR 210.4 million (Dec. 31, 2022: EUR 325.2 million). This includes a dividend payment from May 2023 of EUR 34.8 million. The equity ratio as of June 30, 2023, was 75% (Dec. 31, 2022: 73%).
Reflecting the strongly growing core business, the number of employees (full-time equivalent employees as of the reporting date) in the group continued to grow. As of June 30, 2023, 1,014 employees worked for AIXTRON, an increase of 31% versus end of June 2022 (June 30, 2022: 772).
"The main driver of our consistently strong growth comes from efficient power electronics based on silicon carbide (SiC) and gallium nitride (GaN). And we expect this momentum to continue in the years to come. A very strong indication of this can be found in e-mobility where SiC is the preferred material system. Moreover, we already know that our systems for SiC will by far be the top-selling products in our portfolio in 2023," says Dr. Felix Grawert, CEO and President of AIXTRON SE.
"Led by the global megatrends of electrification, digitalization, and sustainability, we expect the strong demand for Wide-Band-Gap materials such as SiC and GaN to last and continue. With our R&D investments and strengthening our organization, we are laying the foundation to benefit from this in the long run. And it will help us not only to maintain but even expand our position as a technology leader. With all of this, we are ideally prepared for further growth," says Dr. Christian Danninger, CFO of AIXTRON SE.
* not meaningful due to too high period fluctuations
The complete financial tables of the Group (income statement, other comprehensive income, balance sheet, cash flow statement and statement of changes in equity) related to this press release are available as part of the Half-Year Group Financial Report 2023 at:
AIXTRON SE is a leading provider of deposition equipment to the semiconductor industry. The Company was founded in 1983 and is headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and sales offices in Asia, United States and in Europe. AIXTRON´s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and optoelectronic applications based on compound semiconductor materials. Such components are used in a broad range of innovative applications, technologies, and industries. These include Laser and LED applications, display technologies, data transmission, SiC and GaN power management and conversion, communication, signaling and lighting as well as a range of other leading-edge applications.
Our registered trademarks: AIXACT®, AIXTRON®, Close Coupled Showerhead®, EXP®, EPISON®, Gas Foil Rotation®, Optacap®, OVPD®, Planetary Reactor®, PVPD®, STexS®, TriJet®
For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6) please visit our website at: www.aixtron.com
This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. These statements may be identified by words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “intend”, “plan”, “believe”, “continue” and “estimate” and variations of such words or similar expressions. These forward-looking statements are based on our current assessments, expectations and assumptions, of which many are beyond control of AIXTRON, and are subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Should these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of AIXTRON may materially vary from those described explicitly or implicitly in the relevant forward-looking statement. This could result from a variety of factors, such as actual customer orders received by AIXTRON, the level of demand for deposition technology in the market, the timing of final acceptance of products by customers, the condition of financial markets and access to financing for AIXTRON, general conditions in the market for deposition plants and macroeconomic conditions, cancellations, rescheduling or delays in product shipments, production capacity constraints, extended sales and qualification cycles, difficulties in the production process, the general development in the semi-conductor industry, increased competition, fluctuations in exchange rates, availability of public funding, fluctuations and/or changes in interest rates, delays in developing and marketing new products, a deterioration of the general economic situation and any other factors discussed in any reports or other announcements , in particular in the chapter Risks in the Annual Report, filed by AIXTRON. Any forward-looking statements contained in this document are based on current expectations and projections of the executive board based on information available the date hereof. AIXTRON undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.
This document is an English language translation of a document in German language. In case of discrepancies, the German language document shall prevail and shall be the valid version.
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|EQS News ID:||1689287|
|End of News||EQS News Service|
Our registered trademarks: AIXACT®, AIXTRON®, Atomic Level Solutions®, Close Coupled Showerhead®, CRIUS®, EXP®, EPISON®, Gas Foil Rotation®, Optacap™, OVPD®, Planetary Reactor®, PVPD®, STExS®, Trijet®
Nam Kyu Lee
Wei (William) Song
AIXTRON SE (Headquarters)
AIXTRON 24/7 Technical Support Line
AIXTRON Ltd (UK)
AIXTRON K.K. (Japan)
AIXTRON Korea Co., Ltd.
AIXTRON Taiwan Co., Ltd. (Main Office)
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