Earnings Release • Mar 15, 2007
Earnings Release
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Corporate | 15 March 2007 07:30
AIXTRON AG: AIXTRON Reports Full Year Results for 2006
AIXTRON AG / Final Results
Release of a Corporate-announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
AIXTRON Reports Full Year Results for 2006
Aachen, Germany – March 15, 2007 – AIXTRON AG, a leading provider of
deposition equipment to the semiconductor industry, today announced
financial results for the full year 2006.
Key Financial Figures (IFRS)
(EUR million) 2006 2005
Sales revenues 171.7 139.4
Gross profit 63.4 34.7
Gross margin, % revenues 37% 25%
EBIT 5.7 -52.7
EBIT, % revenues 3% -38%
Net result 5.9 -53.5
Net result, % revenues 3% -38%
Net result per share – basic (EUR) 0.07 -0.65
Net result per share – diluted (EUR) 0.07 -0.65
Free cash flow 15.7 -15.2
Equipment order intake 178.0 113.6
Equipment order backlog (end of period) 85.1 48.6
A more positive market environment for semiconductor equipment, an expanded
customer range following the integration of Genus, Inc., and improving
demand for newly launched products increased 2006 AIXTRON Group revenues by
23% to EUR 171.7 million. As a result of the revenue increase, and
following the successful review of costs and operating practices, AIXTRON
generated a net income after tax of EUR 5.9 million in 2006.
The value of compound equipment orders, received by AIXTRON in 2006, rose
by 79 %, compared to 2005, to EUR 136.8 million, reflecting a significant
mid-year rise in demand from LED end-application markets. Based on robust
demand for CVD equipment for memory applications, the value of orders
received for silicon semiconductor equipment also increased by 11 % year
over year, to EUR 41.2 million in 2006.
Management Review
Paul Hyland, President and Chief Executive Officer at AIXTRON, commented:
'The increase in the depth and breadth of our business following the
integration of Genus, Inc., and the focus on cost and efficiency have been
key elements in producing the positive 2006 financial results. Working off
this foundation and with an encouraging outlook, we believe we can further
establish profitable growth during the coming year.'
Outlook
AIXTRON believes that 2007 revenues will remain at a healthy level both for
the compound and silicon semiconductor applications. Taking into
consideration the healthy order backlog as per December 31, 2006 of
EUR 85.1 million, the Company expects sales revenues in a range of EUR 190
million and EUR 200 million and EBIT of EUR 15 million and EUR 16 million
for fiscal year 2007.
Investor Conference Call
AIXTRON will host a financial analyst and investor conference call on
March 15, 2007 at 08:30 CET (02:30 EST) to review the Full Year 2006
results.From 08:15 CET (02:15 EST) you may listen to the call live at
+49 (0) 69 5007 1079 (Germany) / +44 (0) 20-7365 1828 (United Kingdom) / +1
(718) 354 1357 (United States). 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.
Financial Tables
The complete consolidated financial statements (balance sheet, income
statement, cash flow statement, statement of changes in equity) are
available in the Annual Report 2006 on www.aixtron.com, section 'Investors'
/ 'Reports/Presentations' / 'Financial Reports'.
Further information
For further information on AIXTRON (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
Language: English
Issuer: AIXTRON AG
Kackertstr. 15-17
52072 Aachen Deutschland
Phone: +49 (0)241 8909-444
Fax: +49 (0)241 8909-445
E-mail: [email protected]
www: www.aixtron.com
ISIN: DE0005066203
WKN: 506620
Indices: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) Nasdaq
End of News DGAP News-Service
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