AIXTRON SE

Earnings Release • Mar 7, 2002

News Details

Ad-hoc | 7 March 2002 20:21

Aixtron AG english

AIXTRON – high revenues and earnings growth in 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AIXTRON – high revenues and earnings growth in 2001 Further strenghtening of organizational structure Fiscal year 2001: Revenues of EUR 240.1 mil. (+52% yoy), EBIT of EUR 54.2 mil. (+65% yoy), EBT of EUR 57.7 mil. (+60% yoy), group net income of EUR 33.6 mil. (+82% yoy). EPS of EUR 0.52 (EUR 0.29), return on sales after taxes 14.0% (11.7%). Q4: Revenues EUR 59.6 mil., net income EUR 6.5 mil. Order intake in Q4 EUR 30.0 mil., resulting in book-tobill ratio of 0.62 (adjusted for exchange rate effects and service/spare parts). Order intake fy 2001 EUR 163.4 mil. (pr.y. EUR 217.3 mil.), year-end order backlog of EUR 133 mil. (pr. y. EUR 170 mil.). Foreign exchange in order backlog valued with 1 EUR = 0.95 USD. According to initial estimates, AIXTRONs global market share increased again to apr. 58% in 2001 (2000: 57%). Dividend proposal of EUR 0.18 (+80%). The annual report is available at www.aixtron.com. Forecast for 2002: Revenues EUR 210 mil. (-13% yoy), EBT of EUR 46 mil. (-20% yoy), group net income of EUR 29 mil. (- 14% yoy), return on sales after tax of 14%. Continuation of organizational strengthening of AIXTRON’s operational procedures by appointing the business units Directors to the Executive Board with Paul Hyland as CEO and Chris C. Dodson as CFO. Proposal to General Meeting May 22, 2002: Election of Dr. Holger Juergensen and Kim Schindelhauer into the Supervisory Board of AIXTRON AG. By forming a Chairman’s Committee within the Supervisory Board they will closely advise and support the Executive Board and will intensively focus on AIXTRON’s strategy and technology (please find further information in following press announcement). Contact: Dr. Claus Ehrenbeck, AIXTRON AG, +49.241.8909.444, ehr@aixtron.com end of ad-hoc-announcement (c)DGAP 07.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Aixtron group further strengthens its organizational structure The fiscal year 2001 was so far the most successful year in AIXTRON Group history. Since the IPO in November 1997, AIXTRON s revenues have grown from 39.8 million Euro to 240.1 million Euro in 2001 (+ 503%) and the net profit after tax has grown from 2.2 million Euro to 33.6 million Euro (+ 977%). Concurrent with such exceptional performance, the company has continuously developed and strengthened its organizational structure. The latest step was taken in March 2001 when new operational responsibilities were successfully implemented through the introduction of a matrix organisational structure. Improvements through such organisational measures were a logical progression of growth oriented internal structuring. Thereby, clearly defined operational responsibilities have been achieved for the various business units Compound Semiconductor Equipment, Semiconductor Equipment, Global Service Operations (GSO) and Manufacturing Operations. This reorganization has enabled AIXTRON to enter into new markets such as Oxide Materials and Organic Light Emitting Diodes (OLEDs). The creation of the new business unit GSO, which encompasses all group service activities, highlights, that customer satisfaction and a close customer relationship is viewed by AIXTRON as an essential goal of the company. According to the Executive and Supervisory Board resolutions as of March 7, 2002, a further strengthening of the operational functions of the business units within the aforementioned matrix structure has been agreed. As a second step, aiming at continued improvements and increased efficiency of AIXTRONs operational procedures to the benefit of AIXTRONs customers, technology and market position, the business unit Directors Paul Hyland, Chris Dodson, Dr. Bernd Schulte and Steve Perry have been appointed to the Executive Board, effective as of April 1, 2002. Today Executive Board Dr. Holger Juergensen and Kim Schindelhauer will shift their focus to substantially develop the Groups strategic position in its respective markets. They will concern themselves with mid to long term strategic decisions, i.e. technology, future products and potential acquisitions. In a third step, it will be proposed to the General Shareholder Meeting on 22 May 2002, that Dr. Holger Juergensen and Kim Schindelhauer will be elected into the Supervisory Board of AIXTRON AG. Forming a Chairmans Committee within the Supervisory Board, they will work closely with the Executive Board and will advise and support the Executive Board to reach technology and strategy related decisions. Prof. Dr. R. von Rosen, Managing Director of Deutsches Aktieninstitut, will be proposed as an additional member of the Supervisory Board. Therefore the total will be increased to six members. Commencing on May 23, 2002, Paul Hyland will be Chief Executive Officer of AIXTRON AG with Chris C. Dodson as Chief Financial Officer. ——————————————————————————– WKN: 506620; ISIN: DE0005066203; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, München, Hamburg, Hannover und Stuttgart 072021 Mär 02