Aixtron AG Posts Wider Loss In 9-month; Reiterates 2016 Revenue Guidance

(RTTNews) - Aixtron AG (AIXG) reported that its net result for the first nine months of 2016 was a loss of 30.4 million euros compared to a loss of 27.3 million euros, prior year. Net result per share was a loss of 0.27 euros compared to a loss of 0.24 euros. The operating result (EBIT) fell year-on-year from to a loss of 29.3 million euros compared to a loss of 25.2 million euros.

Total revenues for the first nine months of 2016 was 106.6 million euros, compared to 135.3 million euros, prior year. The company said this particularly reflects comparatively low revenues in the first half of 2016. Total order intake came to 164.6 million euros compared to 135.8 million euros, last year.

For fiscal 2016, Aixtron AG expects to achieve total revenues between 180 and 200 million euros. Total 2016 order intake is expected to be in a range between 200 and 220 million euros. The Group said the increase in order intake is primarily due to the sale of AIX R6 inventories with low margins. Before transaction-related impacts, EBITDA, EBIT, net result and free cash flow are expected to improve slightly compared to 2015, but remain negative for the full year 2016.

"Despite a comparatively weak development in revenues in the first nine months of 2016, we have reiterated our 2016 full year revenue guidance. This is due to solid order situation within recent months. Prior to transaction-related effects and under the conditions mentioned in our guidance, we expect to see a slight year-on-year improvement in our results and free cash flow. These key figures will nevertheless remain negative for the full year, as expected revenue volumes continue to be too low to fully finance all of the products in the development pipeline," said Martin Goetzeler, President and CEO of AIXTRON SE.