DGAP-News
AIXTRON: Order backlog supports strong growth in H2/2015 / Customers proceed with qualification process of AIX R6
DGAP-News: AIXTRON SE / Key word(s): Half Year Results/Forecast
AIXTRON: Order backlog supports strong growth in H2/2015 / Customers
proceed with qualification process of AIX R6
28.07.2015 / 07:36
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AIXTRON: Order backlog supports strong growth in H2/2015
Customers proceed with qualification process of AIX R6
Herzogenrath/Germany, July 28, 2015 - AIXTRON SE (FSE: AIXA; NASDAQ: AIXG)
a leading provider of deposition equipment to the semiconductor industry,
today announced financial results for the first half and the second quarter
2015.
At EUR 101.4m in the first half 2015 order intake including spares and
service was up 2% on the same period last year (H1/2014: EUR 99.2m) and 7%
up in a sequential quarterly comparison (Q2/2015: EUR 52.5m; Q1/2015: EUR
48.9m).
The total equipment order backlog of EUR 91.2m as at June 30, 2015 reached
the highest level since 2012 (June 30, 2014: EUR 66.4m) with the major part
of the order backlog scheduled for delivery within this year.
H1/2015 revenues at EUR 80.7m (H1/2014: EUR 90.1m) were down 10%
year-on-year. Q2/2015 revenues at 40.4m fell by 13% year-on-year but inline
against the previous quarter (Q2/2014: EUR 46.2m; Q1/2015: EUR 40.3m).
AIXTRON generated EUR -21.8m in EBITDA during the first half 2015 which
meant a sequential improvement over the previous half year (H2/2014: EUR
-27.9m; H1/2014: EUR -13.4m). In Q2/2015 EBITDA was at EUR -15.3m (Q1/2015:
EUR -6,4m) which was caused in particular by additional qualification
expenses for the AIX R6, higher R&D costs and lower positive currency
effects compared to the previous quarter.
The significantly improved free cash flow both compared to the first half
of last year (H1/2015: EUR -12.3m; H1/2014: EUR -31.3m) as well as to the
previous quarter (Q2/2015: EUR -0.1m; Q1/2015: EUR -12.1m) underlines
AIXTRON's continuing management of liquidity.
The integration of US technology company PlasmaSi, Inc., acquired at the
beginning of April 2015, is going well with AIXTRON expecting measurable
market and customer synergies in the area of OLED technology shortly.
AIXTRON forecasts first orders for the OLED encapsulation technology
Optacap(TM) in the current fiscal year.
Key Financials
AIXTRON: Order backlog supports strong growth in H2/2015
Customers proceed with qualification process of AIX R6
Herzogenrath/Germany, July 28, 2015 - AIXTRON SE (FSE: AIXA; NASDAQ: AIXG)
a leading provider of deposition equipment to the semiconductor industry,
today announced financial results for the first half and the second quarter
2015.
At EUR 101.4m in the first half 2015 order intake including spares and
service was up 2% on the same period last year (H1/2014: EUR 99.2m) and 7%
up in a sequential quarterly comparison (Q2/2015: EUR 52.5m; Q1/2015: EUR
48.9m).
The total equipment order backlog of EUR 91.2m as at June 30, 2015 reached
the highest level since 2012 (June 30, 2014: EUR 66.4m) with the major part
of the order backlog scheduled for delivery within this year.
H1/2015 revenues at EUR 80.7m (H1/2014: EUR 90.1m) were down 10%
year-on-year. Q2/2015 revenues at 40.4m fell by 13% year-on-year but inline
against the previous quarter (Q2/2014: EUR 46.2m; Q1/2015: EUR 40.3m).
AIXTRON generated EUR -21.8m in EBITDA during the first half 2015 which
meant a sequential improvement over the previous half year (H2/2014: EUR
-27.9m; H1/2014: EUR -13.4m). In Q2/2015 EBITDA was at EUR -15.3m (Q1/2015:
EUR -6,4m) which was caused in particular by additional qualification
expenses for the AIX R6, higher R&D costs and lower positive currency
effects compared to the previous quarter.
The significantly improved free cash flow both compared to the first half
of last year (H1/2015: EUR -12.3m; H1/2014: EUR -31.3m) as well as to the
previous quarter (Q2/2015: EUR -0.1m; Q1/2015: EUR -12.1m) underlines
AIXTRON's continuing management of liquidity.
The integration of US technology company PlasmaSi, Inc., acquired at the
beginning of April 2015, is going well with AIXTRON expecting measurable
market and customer synergies in the area of OLED technology shortly.
AIXTRON forecasts first orders for the OLED encapsulation technology
Optacap(TM) in the current fiscal year.
Key Financials
2015 2014 +/- 2015 2015 +/-
(in EUR million) H1 H1* Q2 Q1*
Revenues 80.7 90.1 -10% 40.4 40.3 0%