DGAP-News
AIXTRON sets direction with 5-Point Program / Overriding aim is a return to sustainable profitability - Seite 2
3. Efficiency - systematically optimizing process and project structures
A cross-functional project will optimize the timing and use of resources in
product development and thus make it possible to achieve outstanding
development results at lower expense. The company will also step up its
partnership-based cooperation with suppliers.
4. Finance - value oriented financial targets
AIXTRON's Executive Board sees management by clear financial targets as the
basis for achieving sustainable profitability. Here, it will focus on four
superordinate key financial figures:
- Revenues
- EBIT
- Free cash flow
- Return on capital employed > cost of capital over business cycle (ROCE
> WACC).
The current priority has been to rapidly adjust costs to present
circumstances. For the current year, the Executive Board already decided in
March to cut operating expenses - excluding restructuring and
transformation expenses - by 20% compared with the previous year, and thus
to reduce the breakeven point.
5. Employees - strengthening AIXTRON culture, taking individual
responsibility, fortifying communication
Following some tough quarters, we aim to reinforce one of AIXTRON's key
qualities - its employees' sense of identification with their company.
Moreover, the Executive Board wants to further develop our management
culture and to adapt it to new challenges. To accomplish this, we are
agreeing clear goals and closely monitoring their achievement.
In its future financial reporting, the Executive Board will regularly
report both internally and externally on the status of this company
program.
The CEO Martin Goetzeler will provide further details about the 5-Point
Program in his presentation at today's Annual General Meeting in Aachen.
The prepared notes of the speech will be available for download following
the presentation (www.aixtron.com/agm).
Contact:
Guido Pickert
Investor Relations and Corporate Communications
T: +49 (241) 8909 444
F: +49 (241) 8909 445
invest@aixtron.com
For more information about AIXTRON (FWB: AIXA, ISIN DE000A0WMPJ6; NASDAQ:
AIXG, ISIN US0096061041) please visit www.aixtron.com.
Forward-Looking Statements
This document may contain forward-looking statements regarding the
business, results of operations, financial condition and earnings outlook
of AIXTRON within the meaning of the safe harbor provisions of the US
Private Securities Litigation Reform Act of 1995. These statements may be
identified by words such as 'may', 'will', 'expect', 'anticipate',
'contemplate', 'intend', 'plan', 'believe', 'continue' and 'estimate' and
basis for achieving sustainable profitability. Here, it will focus on four
superordinate key financial figures:
- Revenues
- EBIT
- Free cash flow
- Return on capital employed > cost of capital over business cycle (ROCE
> WACC).
The current priority has been to rapidly adjust costs to present
circumstances. For the current year, the Executive Board already decided in
March to cut operating expenses - excluding restructuring and
transformation expenses - by 20% compared with the previous year, and thus
to reduce the breakeven point.
5. Employees - strengthening AIXTRON culture, taking individual
responsibility, fortifying communication
Following some tough quarters, we aim to reinforce one of AIXTRON's key
qualities - its employees' sense of identification with their company.
Moreover, the Executive Board wants to further develop our management
culture and to adapt it to new challenges. To accomplish this, we are
agreeing clear goals and closely monitoring their achievement.
In its future financial reporting, the Executive Board will regularly
report both internally and externally on the status of this company
program.
The CEO Martin Goetzeler will provide further details about the 5-Point
Program in his presentation at today's Annual General Meeting in Aachen.
The prepared notes of the speech will be available for download following
the presentation (www.aixtron.com/agm).
Contact:
Guido Pickert
Investor Relations and Corporate Communications
T: +49 (241) 8909 444
F: +49 (241) 8909 445
invest@aixtron.com
For more information about AIXTRON (FWB: AIXA, ISIN DE000A0WMPJ6; NASDAQ:
AIXG, ISIN US0096061041) please visit www.aixtron.com.
Forward-Looking Statements
This document may contain forward-looking statements regarding the
business, results of operations, financial condition and earnings outlook
of AIXTRON within the meaning of the safe harbor provisions of the US
Private Securities Litigation Reform Act of 1995. These statements may be
identified by words such as 'may', 'will', 'expect', 'anticipate',
'contemplate', 'intend', 'plan', 'believe', 'continue' and 'estimate' and