AIXTRON Q1 Loss Narrows; Reports Highest Q1 Revenues Since 2011 - Quick Facts

(RTTNews) - AIXTRON SE (AIXG) reported that its first-quarter net result was a loss of 13.5 million euros or 0.12 euros per share compared to a loss of 15.5 million euros or 0.14 euros per share, previous year. Adjusted net result before one-time TFOS write downs was negative at 6.9 million euros, for the quarter.

First-quarter total revenues increased to 53.6 million euros from 21.4 million euros, prior year. The company noted that this is the highest first-quarter revenues since 2011, supported by a solid order backlog and mainly driven by demand for production systems for Opto and Power Electronics, LEDs, as well as for Memory applications.

Order intake came to 61.9 million euros, 39% higher than in the previous year. This was due to consistently high demand of Equipment for LED, telecom and optoelectronic applications.

The company reiterated its full year 2017 guidance with an order intake and revenues between 180 and 210 million euros. Management continues to expect an improvement of the free cash flow in 2017 compared to 2016 and to achieve a positive EBIT for full year 2018.