AIXTRON SE 
By - Progress in efficiency and cost reduction programs -
- Customers remain hesitant to invest -
AIXTRON SE(ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the semiconductor industry, today announced revenues of EUR 45.3m for the second quarter of 2013, representing a quarterly sequential increase of 13 percent compared to EUR 40.2m in Q1/2013. AIXTRONalso recorded improvements in its gross profit and operating result (EBIT).
This development reflects first positive impacts fromthe 5-Point-Program, which was started in Q1/2013. Efficiency improvements and cost cutting measures resulted in reductionsinboth cost of sales and operating expenses.
Key Financials
2013 | 2012 | +/- | 2013 | 2013 | +/- | |
(in EUR million) | H1 | H1 | Q2 | Q1 | ||
Revenues | 85.6 | 88.1 | -3% | 45.3 | 40.2 | 13% |
Gross profit | -35.4 | 25.0 | -242% | 12.3 | -47.7 | 126% |
Gross margin | -41% | 28% | -69 pp | 27% | -118% | 145 pp |
Operating result (EBIT) | -86.1 | -34.7 | 148% | -9.8 | -76.3 | -87% |
EBIT margin | -101% | -39% | -62 pp | -22% | -190% | 168 pp |
Net result | -87.8 | -23.9 | -267% | -11.8 | -76.0 | -84% |
Net result margin | -103% | -27% | -76 pp | -26% | -189% | 163 pp |
Net result per share - basic (EUR) | -0.87 | -0.24 | -263% | -0.12 | -0.75 | -84% |
Net result per share - diluted (EUR) | -0.87 | -0.24 | -263% | -0.12 | -0.75 | -84% |
Free cash flow* | 5.6 | -37.5 | 115% | -3.7 | 9.3 | -140% |
Equipment order intake | 60.3 | 61.5 | -2% | 30.5 | `29.9 | 2% |
* Operating CF + Investing CF + Changes in Cash Deposits
Investment demand from LED manufacturers remained subdued despite a continued reduction of production overcapacities in the market. This was also reflected in the development of order intake (Q2/2013: EUR 30.5m; Q1/2013: EUR 29.9m).
Gross profit in Q2/2013 amounted to EUR 12.3m and thus came in significantly better than the previous quarter which had been affected by inventory write-downs (Q1/2013: EUR
