AIXTRON SE

Earnings Release • May 5, 2003

News Details

Ad-hoc | 5 May 2003 20:32

Aixtron AG english

AIXTRON: Results Q1/2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Total restructuring expenses charged to income in Q1 Revenues 18.7m EUR (pr.y. 47.2m EUR), of which 65% Asia, 28% US, 7% Europe. Earlier than predicted workforce reduction settlements brought forward into Q1 the total restructuring expenses planned for later periods in the year. Additionally, R&D expenses were accelerated to 3.4m EUR (2002: 2.4 m EUR) in Q1 following further progress in OVPD and Tricent( technology developments. These additional factors increased the predicted operational loss in Q1 to EBIT-7.1m EUR (pr.y. 11.5m EUR). EBT -6.7m EUR (pr.y. 12.3m EUR), Loss after tax -4,4m EUR (pr.y. 7.3m), EPS -0.07 EUR (pr.y. 0.11 EUR). Cash 61.2m. EUR (pr. quarter 62.3m EUR), no liabilities to bank, equity ratio 80% (pr. quarter: 79%). AIXTRON’s Executive Board expects the company to return to profitability in the second half of 2003 as a result of proportionally higher revenues in the remaining reporting periods as well as the positive impact of the cost-saving measures. Forecast 2003: revenues 110m EUR (2002: 150.7m EUR), EAT 0.8m EUR (2002: 15.3m EUR). The ongoing geopolitical crisis and the related general investment nervousness continue to influence customer purchasing behaviour. System orders amounted to 15.2m EUR in the quarter (pr.y. 25.0m EUR), order backlog 88.2m EUR (pr.y. 118.2m EUR). VLSI Research Inc.: AIXTRON’s global market share rose to 67% in 2002 (2001: 58%), while the main US competitor falls below 20%. The complete Q1 2003 Quarterly Report is available as a PDF file at http://www.aixtron.com.- Contact: AIXTRON, Dr. Claus Ehrenbeck, Head of IR, +49.241.8909.444 end of ad-hoc-announcement (c)DGAP 05.05.2003 ——————————————————————————– 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 052032 Mai 03