AIXTRON SE

Earnings Release • Aug 4, 2004

News Details

Ad-hoc | 4 August 2004 22:54

Aixtron Q2 Results

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AIXTRON Announces Second Quarter 2004 Financial Results Aachen, Germany – August 4, 2004 – AIXTRON AG (FSE: AIX; ISIN DE0005066203), a leading provider of equipment for compound semiconductor epitaxy, today announced financial results for the second quarter of 2004, ended June 30, 2004. Total revenues rose by 35 percent sequentially, from Euro 25.4 million in the first quarter of 2004 to Euro 34.2 million in the second quarter of 2004. Year over year, total revenues in the second quarter of 2004 increased by 53 percent, from Euro 22.3 million in the second quarter of 2003. The total value of equipment orders received rose by 23 percent quarter over quarter, from Euro 30.1 million in the first quarter of 2004 to Euro 36.9 million in the second quarter of 2004, marking the fifth consecutive quarterly increase in order intake. The equipment order backlog as of June 30, 2004 was Euro 73.6 million, as compared to Euro 66.5 million as of March 31, 2004, a sequential increase of 11 percent. Driven by robust sales, net income totaled Euro 0.5 million in the second quarter of 2004, representing a net income per share of Euro 0.01. This compares to a net income of Euro 0.1 million in the first quarter of 2004, representing a net result per share of Euro 0.00, and compares to a net loss of Euro 8.3 million in the second quarter of 2003, representing a net loss per share of Euro 0.13. As of June 30, 2004, cash and cash equivalents amounted to Euro 48.7 million, as compared to Euro 49.8 million as of June 30, 2003 and Euro 45.3 million as of December 31, 2003. As of June 30, 2004, the Company recorded no bank liabilities. The equity ratio as of June 30, 2004 was 73 percent, compared to 80 percent as of June 30, 2003 and 79 percent as of December 31, 2003. Due to the positive business development in the first half of 2004, the Company forecasts total revenues for 2004 will be in the range of Euro 130 million to Euro 140 million, with net income in the range of Euro 2 million to Euro 5 million (excluding merger-related expenses). end of ad-hoc-announcement (c)DGAP 04.08.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The full press release relating to this ad hoc disclosure is available on the Web at www.aixtron.com. About AIXTRON AIXTRON AG (FSE: AIX; ISIN DE0005066203) is a leading provider of equipment for compound semiconductor epitaxy. The Company’s products are used by a diverse range of customers worldwide to manufacture advanced semiconductor components such as HBTs, PHEMTs, MESFETs, Lasers, LEDs, Detectors, and VCSELs used in fiber optic communication systems, wireless and mobile telephony applications, optical storage devices, illumination, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed in the Prime Standard market segment of the Frankfurt Stock Exchange and are included both in the TecDAX index and the MSCI World Index. More information about AIXTRON can be found on the Web at www.aixtron.com. Contact: Investor Relations and Corporate Communications: T: +49-241-8909-444 F: +49-241-8909-445 invest@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,” “plans,” “believe,” “continue” and “estimate,” and variations of these words and similar expressions, identify these forward-looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which AIXTRON expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks, including risks arising from: actual customer orders received by AIXTRON; the extent to which metal-organic chemical vapor deposition, or MOCVD, 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 (and expressly disclaims any such obligation to) update the reasons why actual results could differ materially from those projected in the forward-looking statements. Any reference to the Internet website of AIXTRON is not an incorporation by reference of such information in this news release, and you should not interpret such a reference as an incorporation by reference of such information. ——————————————————————————– WKN: 506620; ISIN: DE0005066203; Index: TecDAX, NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 042254 Aug 04