AIXTRON SE — Earnings Release 2003

Jul 29, 2003

News Details

Ad-hoc | 29 July 2003 21:18

Aixtron AG english

AIXTRON: Report results Q2 and H1/2003 Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AIXTRON: Report results Q2 and H1/2003 Results H1 impacted by one-time expenses and provisions. Full year forecast revised due to specific market conditions. H1/03: revenues EUR 41.0m (pr. y. EUR 83.3m), of which US 21%, Asia 71%, Europe 8%. Half-year results impacted by one-time expenses for restructuring as reported at end of Q1 and provisions of EUR 9.1m in Q2 against inventories in line with the order backlog review detailed below. Result H1: excluding impairment provisions EBIT would have been -EUR 11.9m (pr. y. EBIT EUR 15.7m), EBT -EUR 11.2m (pr. y. EBT EUR 17.0m), EAT -EUR 7.1 million (pr. y. EAT EUR 10.3 million); including impairment provisions EBIT -EUR 21.0m (pr. y. EBIT EUR 15.7m), EBT -EUR 20.3m (pr. y. EBT EUR 17.0m), EAT -EUR 12.7m (2002: EAT EUR 10.3m), EPS -EUR 0.20 (pr. y. EPS EUR 0.16). Cash at end of H1 EUR 49.8m (previous quarter: EUR 61.2m), with no liabilities to banks. Equity ratio 80%. The reported order backlog end of H1 53.5m (pr. y.: EUR 110.3m) adjustment reflecting the Executive Board’s view concerning the likelihood of order backlog deliveries achievable in the foreseeable future. Q2/03: revenues EUR 22.3m (pr. y. EUR 36.1m). Results Q2 : excluding one-time inventory provisions EBIT would have been -EUR 4.8m (pr. y. EBIT EUR 4.2m), EBT -EUR 4.5m (pr. y. EBT EUR 4.7m) and EAT -EUR 2.7m (pr. y. EAT EUR 3.0m); including one-time inventory provisions EBIT -EUR 13.9m (pr. y. EBIT EUR 4.2m), EBT -EUR 13.6m (pr. y. EBT EUR 4.7m), EAT -EUR 8.3m (pr. Y. EAT EUR 3.0m). EPS -EUR 0.13 (pr. y. EPS EUR 0.05). Order intake in Q2 slightly up to EUR 15.9m (pr. y.: EUR 26.1m) as against the previous quarter’s EUR 15.1m, continued to be strongly influenced by general reluctance to invest and negative impact of SARS. Forecast 2003: AIXTRON’s EB expects revenues in the range of EUR 90.0m to EUR 95.0m (2002: EUR 150.7m) and EAT correspondingly in the range of -EUR 15.2m to -EUR 13.5m (2002: EAT EUR 15.3m), resulting from the continuing economic uncertainty, and the impact of consolidation activities of several customers, particularly in the telecom/datacom sector. The complete Q2/03 report is available as a PDF file at http://www.aixtron.com. Contact: Dr. Claus Ehrenbeck, AIXTRON AG, 49 241 8909 444 end of ad-hoc-announcement (c)DGAP 29.07.2003 ——————————————————————————– 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 292118 Jul 03