AIXTRON - Strong growth in revenues and profit in H1/2000
- Revenues: EUR 66.3 mil. (+64% yoy) - EBT: EUR 16.3 mil. (+70% yoy) - Profit before goodwill amortization: EUR 9.4 mil. (+88% yoy) - Forecast for 2000 increased - Revenues: EUR 140 mil. (+65% on 99) - EBT: EUR 29.6 mil. (+66% on 99) - Profit before goodwill amortization: EUR 18.0 mil. (+61% on 99)
Aachen, Germany. The profitable growth of the AIXTRON Group, the global market and technology leader in MOCVD systems for manufacturing compound semiconductors, continued as anticipated in Q2/2000. AIXTRON generated revenues of EUR 43.4 million and income before tax of EUR 10.7 million. It recorded consolidated net income of EUR 5.2 million and EUR 6.0 million before goodwill amortization with a return on sales after tax of 12% and 14% before goodwill amortization. Earnings per share amounted to EUR 0.17 or EUR 0.19 before goodwill amortization.
AIXTRON thus increased revenues to EUR 66.3 million (+64% yoy) in H1/2000. 45% of revenues were generated in Asia, 35% in the USA and 20% in Europe. The Aachen-based company also substantially increased income before tax to EUR 16.3 million (+70% yoy). Consolidated net income rose to EUR 7.8 million (+56% yoy), or to EUR 9.4 million before goodwill amortization (+88% yoy).AIXTRON thus generated a return on sales after tax of 12%, or 14% before goodwill amortization, in the first six months of 2000. Earnings per share in H1/2000 reached EUR 0.25, or EUR 0.3 before goodwill amortization.
The AIXTRON Executive Board has again increased its forecasts for the current fiscal year on the basis of the excellent results generated in the first six months. AIXTRON now expects to generate revenues of EUR 140 million in 2000, an increase of 65% on 1999. Net income at EUR 14.8 million will exceed that of the previous year by 42%, or, at EUR 18 million before goodwill amortization, by 61%. Return on sales after tax will be at 11% or 13% before Goodwill amortization. Earnings per share will grow to EUR 0.47 or EUR 0.57 before goodwill amortization.
Orders received in the Group amounting in Q2 to EUR 53.1 million and thus totalling in H1/2000 EUR 90.6 mil. (+178% yoy) resulted in a new record. Order backlog amounted to EUR 87.8 million as of June 30, 2000 (+106% yoy). New orders, primarily multiple orders, were also received from Japan, Taiwan, the UK and the USA. With the inclusion of the US-based American Xtal Technology, Inc., CA, another prominent name has been added to the list of compound semiconductor manufacturers that successfully produce high-performance, ultra-high brightness blue and green LEDs on an industrial scale using AIXTRON systems. Agilent/LumiLeds (USA), Epistar (Taiwan), EPI (UK) are further examples of over 40 AIXTRON customers from industry and research who successfully manufacture blue and green LEDs.
The current status of AIXTRON s MOCVD technology is the result of over 20 years of intensive and focused research and development activities in close and trusting cooperation with customers. AIXTRON technology is not limited for use in spezial compound semiconductors application, but is rather the first and enabling step in the value chain of numerous future technologies based on compound semiconductors such as LEDs, lasers, solar cells and special transistors for mobile phones.
Over 350 AIXTRON systems delivered to over 15 countries demonstrate their technological lead in day-to-day use. Additionally, with the protection of many patents, AIXTRON is continuing to expand its technological lead. The prominent international market research institute VLSI Research Inc has established that the AIXTRON Group s global market share of MOCVD systems for compound semiconductors amounted to 54% in 1999.
Contact: Dr. Claus Ehrenbeck Manager Investor Relations AIXTRON AG Tel:+49 (241) 8909-444 Fax: +49 (241) 8909-445 E-mail: ehr@aixtron.com
Dr. Claus Ehrenbeck
Manager Investor Relations
AIXTRON AG
Tel:+49 (241) 8909-444
Fax: +49 (241) 8909-445
E-mail: ehr@aixtron.com
E-mail: ehr@aixtron.com
