DGAP-News
AIXTRON SE: Initial Success from the 5-Point-Program / Progress in efficiency and cost reduction programs / Customers remain hesitant to invest
DGAP-News: AIXTRON SE / Key word(s): Half Year Results/Incoming Orders
AIXTRON SE: Initial Success from the 5-Point-Program / Progress in
efficiency and cost reduction programs / Customers remain hesitant to
invest
25.07.2013 / 07:31
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Initial Success from the AIXTRON 5-Point-Program
Progress in efficiency and cost reduction programs
Customers remain hesitant to invest
Aachen, Germany, July 25, 2013 - AIXTRON SE (ISIN DE000A0WMPJ6), a leading
provider of deposition equipment to the semiconductor industry, today
announced revenues of EUR 45.3m for the second quarter of 2013,
representing a quarterly sequential increase of 13 percent compared to EUR
40.2m in Q1/2013. AIXTRON also recorded improvements in its gross profit
and operating result (EBIT).
This development reflects first positive impacts from the 5-Point-Program,
which was started in Q1/2013. Efficiency improvements and cost cutting
measures resulted in reductions in both cost of sales and operating
expenses.
Key Financials
* Operating CF + Investing CF + Changes in Cash Deposits
Investment demand from LED manufacturers remained subdued despite a
continued reduction of production overcapacities in the market. This was
also reflected in the development of order intake (Q2/2013: EUR 30.5m;
Q1/2013: EUR 29.9m).
Gross profit in Q2/2013 amounted to EUR 12.3m and thus came in
significantly better than the previous quarter which had been affected by
inventory write-downs (Q1/2013: EUR -47.7m; Q2/2012: EUR 14.7m; H1/2013:
Initial Success from the AIXTRON 5-Point-Program
Progress in efficiency and cost reduction programs
Customers remain hesitant to invest
Aachen, Germany, July 25, 2013 - AIXTRON SE (ISIN DE000A0WMPJ6), a leading
provider of deposition equipment to the semiconductor industry, today
announced revenues of EUR 45.3m for the second quarter of 2013,
representing a quarterly sequential increase of 13 percent compared to EUR
40.2m in Q1/2013. AIXTRON also recorded improvements in its gross profit
and operating result (EBIT).
This development reflects first positive impacts from the 5-Point-Program,
which was started in Q1/2013. Efficiency improvements and cost cutting
measures resulted in reductions in both cost of sales and operating
expenses.
Key Financials
2013 2012 2013 2013
(in EUR million) H1 H1 +/- Q2 Q1 +/-
Revenues 85.6 88.1 -3% 45.3 40.2 13%
Gross profit -35.4 25.0 -242% 12.3 -47.7 126%
Gross margin -41% 28% -69 pp 27% -118% 145
pp
Operating result (EBIT) -86.1 -34.7 148% -9.8 -76.3 -87%
EBIT margin -101% -39% -62 pp -22% -190% 168
pp
Net result -87.8 -23.9 -267% -11.8 -76.0 -84%
Net result margin -103% -27% -76 pp -26% -189% 163
pp
Net result per share - basic (EUR) -0.87 -0.24 -263% -0.12 -0.75 -84%
Net result per share - diluted (EUR) -0.87 -0.24 -263% -0.12 -0.75 -84%
Free cash flow* 5.6 -37.5 115% -3.7 9.3 -140%
Equipment order intake 60.3 61.5 -2% 30.5 29.9 2%
Equipment order backlog (end of
period) 71.7 137.7 -48% 71.7 78.4 -9%
* Operating CF + Investing CF + Changes in Cash Deposits
Investment demand from LED manufacturers remained subdued despite a
continued reduction of production overcapacities in the market. This was
also reflected in the development of order intake (Q2/2013: EUR 30.5m;
Q1/2013: EUR 29.9m).
Gross profit in Q2/2013 amounted to EUR 12.3m and thus came in
significantly better than the previous quarter which had been affected by
inventory write-downs (Q1/2013: EUR -47.7m; Q2/2012: EUR 14.7m; H1/2013: