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AIXTRON SE

Earnings Release Aug 2, 2007

20_rns_2007-08-02_e6fe70e3-13ce-4cd8-9cd9-b75ad402fb6b.html

Earnings Release

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News Details

Corporate | 2 August 2007 07:30

AIXTRON AG:Strong AIXTRON Order Intake in Q2/2007

AIXTRON AG / Half Year Results/Forecast

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.


Strong AIXTRON Order Intake in Q2/2007

Upper end of 2007 guidance confirmed
First-Half 2007 Revenues: EUR 109.0m, EBIT: 11.4m, Net Income: EUR 11.5m
Strong Second-Quarter Order Intake: EUR 50.3m
Ongoing Strong Demand for LED Equipment

AIXTRON approved for trading on NASDAQ Global Market

Aachen/Germany, August 2nd, 2007 – AIXTRON AG (FSE: AIX, ISIN DE0005066203;
NASDAQ: AIXG, ISIN US0096061041) worldwide leading provider of deposition
equipment to the semiconductor industry, today announced financial results
for the first half of 2007, ended June 30, 2007.

Key Financial Figures

(million €) H1/2007 H1/2006 Q2/2007
Sales revenues 109.0 67.7 45.2
Gross profit 42.5 25.3 18.3
Gross margin, % revenues 39% 37% 40%
Operating result 11.4 -4.2 3.2
Net result 11.5 -4.3 3.8
Net result per share – basic 0.13 -0.05 0.04
Net result per share – diluted 0.13 -0.05 0.04
Operating cash flow 4.2 5.0 9.8
Equipment Order Intake 90.8 81.2 50.3
Equipment Order Backlog (March 31) 80.3 81.2 80.3

Operational Highlights in the first half of 2007

In the first six months of the fiscal year 2007, AIXTRON has achieved
Revenues of EUR 109.0m, which represents 61 percent growth compared to
H1/2006. A favorable product mix supported a Gross Margin improvement of
two percentage-points year over year to reach 39 percent by the end of
H1/2007, despite negative currency exchange effects. AIXTRON’s H1/2007 EBIT
figure is a positive EUR 11.4m compared to a EUR -4.2m loss in H1/2006,
leading to a positive Net Result of EUR 11.5m in the reporting period
(H1/2006: EUR -4.3m). Equipment Order Intake rose 12 percent to EUR 90.8m
(H1/2006: EUR 81.2m). Operating Cash Flow was EUR 4.2m in H1/2007 (H1/2006:
5.0m), Cash & Cash Equivalents rose to EUR 53.9m as of June 30, 2007
compared to EUR 37.7m on that date in 2006.

Operational Highlights in the second quarter of 2007

In Q2, Revenues totaled EUR 45.2m, reflecting lower prior quarters order
intake and customer delivery requirements, in line with Management
expectations. Strong demand for Compound Semiconductor Systems and healthy
demand for Silicon Semiconductor Systems led to an Order Intake figure of
EUR 50.3m in the second quarter of 2007 (Q1/2007: EUR 40.5m) leading to an
increased Order Backlog figure of EUR 80.3m by the end of Q2/2007 (Q1/2007:
EUR 70.0m). The EBIT figure in Q2/2007 was EUR 3.2m with a Gross Margin of
40 percent (Q1/2007: EUR 8.2m and 38 percent). Net result was EUR 3.8m in
the reporting period (Q1/2007: EUR 7.6m). Operating Cash Flow was EUR 9.8m
in Q2/2007 (Q1/2007: EUR -5.6m), leading to a Cash & Cash Equivalents
figure of EUR 53.9m as of June 30, 2007 (Q1/2007: 43.7m).

Management Review

Paul Hyland, Chief Executive Officer at AIXTRON, commented: 'Revenues in
the second quarter were very much in line with our expectations, but the
Order Backlog position was considerably strengthened by a strong Order
Intake in the second quarter, fuelled by healthy ongoing demand of compound
semiconductor equipment for the production of LEDs and relatively stable
demand for silicon semiconductor systems for the production of memory
products.

Hyland continued: 'The current positive market development gives us the
confidence to confirm the upper end of our prior guidance; namely EUR 200m
Revenues and EUR 16m EBIT. Equally encouraging is that the healthy demand
for our products, and most especially our latest Compound systems, is
beginning to give us a solid foundation for 2008'

Outlook

AIXTRON expects the second half of the fiscal year 2007 to be weaker in
Revenues and Results than the first half of this fiscal year. However the
company confirms the full year 2007 guidance of EUR 200m Revenues and EUR
16m EBIT.

NASDAQ

AIXTRON also announced today that the NASDAQ Stock Market has approved the
commencement of trading of AIXTRON’s ADS’s (American Depositary Shares)
effective August 1, 2007 on NASDAQ Global Market with its more stringent
listing requirements. The Company’s Shares have traded on the Capital
Market tier of the NASDAQ Stock Market prior to the upgrade.

Financial Tables

The consolidated interim financial statements (balance sheet, income
statement, cash flow statement, statement of changes in equity) relating to
this press release are available on www.aixtron.com, section 'Investors',
subsection 'Financial Data', subsection 'Reports', as part of AIXTRON’s
Group interim report for the six months ended June 30, 2007.

Investor Conference Call

AIXTRON will host a financial analyst and investor conference call on
August 2, 2007 at 08:30 CEST (02:30 EDT) to review the half 2007 results.
Dial-in is possible from 08:15 CEST (02:15 EDT) at +49 (0) 30 86871–799.

Both a conference call audio replay and a transcript of the conference call
will be available at http://www.aixtron.com, section 'investors', following
the conference call.

Contact:

Guido Pickert

Investor Relations and Corporate Communications:

T: +49-241-8909-444

F: +49-241-8909-445

[email protected]

For further information on AIXTRON AG (FSE: AIX, ISIN DE0005066203; NASDAQ:
AIXG, ISIN US0096061041) please consult our website at: www.aixtron.com.

Forward-Looking Statements

This news release may contain forward-looking statements about the
business, financial condition, results of operations and earnings outlook
of AIXTRON within the meaning of the 'safe harbor' provisions of the United
States Private Securities Litigation Reform Act of 1995. Words such as
'may', 'will', 'expect', 'anticipate', 'contemplate', 'intend', 'plan',
'believe', 'continue' and 'estimate', and variations of these words and
similar expressions, identify these forward-looking statements. The
forward-looking statements reflect our current views and assumptions and
are subject to risks and uncertainties. You should not place undue reliance
on the forward-looking statements. The following factors, and others which
are discussed in AIXTRON’s public filings and submissions with the U.S.
Securities and Exchange Commission, are among those that may cause actual
and future results and trends to differ materially from our forward-looking
statements: actual customer orders received by AIXTRON; the extent to which
chemical vapor deposition, or CVD, technology is demanded by the market
place; the timing of final acceptance of products by customers; the
financial climate and accessibility of financing; general conditions in the
thin film equipment market and in the macro-economy; cancellations,
rescheduling or delays in product shipments; manufacturing capacity
constraints; lengthy sales and qualification cycles; difficulties in the
production process; changes in semiconductor industry growth; increased
competition; exchange rate fluctuations; availability of government
funding; variability and availability of interest rates; delays in
developing and commercializing new products; general economic conditions
being less favorable than expected; and other factors. The forward-looking
statements contained in this news release are made as of the date hereof
and AIXTRON does not assume any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless required by law.

Contact:
Investor Relations and Corporate Communications
AIXTRON AG, Kackertstr. 15–17, 52072 Aachen, Germany
Phone: +49 241 8909 444, Fax: +49 241 8909 445, [email protected]
www.aixtron.com

DGAP 02.08.2007

Language: English
Issuer: AIXTRON AG
Kackertstr. 15-17
52072 Aachen
Deutschland
Phone: +49 (0)241 8909-0
Fax: +49 (0)241 8909-40
E-mail: [email protected]
Internet: www.aixtron.com
ISIN: DE0005066203
WKN: 506620
Indices: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) Nasdaq

End of News DGAP News-Service


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