Another loss-making quarter for Aixtron
Germany-based MOCVD equipment manufacturer Aixtron generated €21.5 million ($24.6 million) in revenue for its third quarter of 2003. This compares with €35.3 million for the same period last year.
Aixtron made a pre-tax loss of €1.5 million on the third-quarter business. This means that for the first nine months of fiscal 2003, the company has posted a pre-tax loss of €22.8 million on sales of €62.5 million.
Last year, it made a €22 million profit on revenue of €118.6 in the first three quarters.
Asia has accounted for 72% of the revenue so far this year, with 21% of sales going to the US and 7% to Europe.
Despite the mounting losses, Aixtron says that the improving economic climate in Asia has seen orders increase by €6.7 million quarter-on-quarter to €22.6 million.
Aixtron CEO Paul Hyland said: “We have received some encouraging signals from the market during Q3. However, it’s still too early to talk of a sustained recovery as many customers remain cautious regardless of the positive general economic data.”
Aixtron confirmed that it expects total revenue for fiscal 2003 to be in the range €90 to €95 million.
