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AIXTRON is very definitive results for successful year in 2009 announced /
High order based sustainable growth and for 2010 /
Forecast 2010: revenues between EUR 600 million and EUR 650 Million, EBIT of at least 25% /
AIXTRON plans transformation into a European Company (SE) /
Aachen, 10 March 2010 – AIXTRON AG (ISIN DE000A0WMPJ6) the world’s leading provider of deposition equipment for the Semiconductor industry, today announced record financial results for the Fiscal year 2009 and its forecast for 2010, with an estimated Revenues of EUR 600 million to EUR 650 million and an EBIT margin of 25% or higher. In addition, AIXTRON announces a proposed conversion the legal form of a stock corporation (AG) into an European Company (SE).
Key figures financial position <pre>
2009 2008 +/- 2009 2008 +/-
(Million) Total Total% Q4 Q4%
year year revenues 302.9 274.4 10% 117.9 82.3 43%
Gross profit 134.7 112.9 19% 55.5 35.6 56% Gross margin 44% 41% 3 pp 47% 43% 4 pp Operating profit (EBIT) 62.7 32.5 93% 33.7 7.4 355% EBIT margin 21% 12% 9 pp 29% 9% 20pp net profit 44.8 23.0 95% 24.4 4.1 495% Net profit margin 15% 8% 7% 21% 5 pp 16pp Earnings per share – 0.49 0.26 88% 0.23 0.05 460% undiluted (EUR) Earnings per share – 0.48 0.25 92% 0.23 0.04 575% Diluted (EUR) Dividend proposal / 0.15 0.09 67% Dividends per share Equipment Order Intake 370.1 250.8 48% 163.3 40.6 302% Equipment Order Backlog 203.8 105.0 94% 203.8 105.0 94% (period end)
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Business development Revenues in Fiscal 2009 rose for the first time since the founding AIXTRON Mark of EUR 300 million and amounted to EUR 302.9 million were to order them EUR 28.5 million, or 10% higher than the EUR 274.4 million of Fiscal Year 2008. This increase was despite the global economic crisis be achieved, with a negative impact especially on the first quarter had. After the first quarter increased the quarterly revenues up the end of fiscal 2009 continued (Q1: EUR 46.2 Million, Q2: EUR 56.7 million, Q3: EUR 82.0 million, Q4: EUR 117.9 million).
Rising sales combined with a declining Cost share of the gross profit made in 2009 by 19% to EUR 134.7 million increase (2008: 112.9 million), resulting in an improved three percentage points Gross margin of 44% resulted.
Thanks to the positive leverage effect by increasing sales, a greater average USD / EUR exchange rate and Other operating income rose high operating significantly to 93%, from EUR 32.5 million in 2008 to EUR 62.7 million in 2009. The EBIT margin for full year 2009 amounted to 21% (2008: 12%), increased its EBIT margin in Q4/2009 to a peak of 29%.
The net result of the AIXTRON Group amounted to FY 2009 EUR 44.8 million and this was almost twice as high as EUR 23.0 Million in 2008. In the fourth quarter it was running at £ 24.4 million, ie more than five times higher than in Q4/2008. This led to a basic earnings per share of EUR 0.49 to EUR 0.23 for 2009 and Q4/2009.
On this basis, the Executive Board and Supervisory Board of AIXTRON AG is the Annual General Meeting in May 2010 to propose a dividend of EUR 0.15 per share to pay a payout to shareholders of EUR 15.1 million, or a payout ratio of 34% of the Consolidated net income equivalent.
The equipment orders in excess Fiscal 2009 also all previous highs and at EUR 370.1 million 48% higher than last year (2008: EUR 250.8 million). This quarter new orders rose steadily (Q1: EUR 31.2 million, Q2: EUR 57.8 million, Q3: EUR 117.6 million, Q4: EUR 163.3 million) to the fourth quarter with a orders at record level complete, compared to a downward trend in previous quarters of 2008.
The entire plant order backlog at the end of 2009 with a record level of EUR 203.8 million 94% above the Previous year’s inventory (2008: EUR 105.0 million).
AIXTRON plans transformation into a European Company (SE) to the Executive Board and Supervisory Board of AIXTRON AG have decided that the Annual General Meeting on 18 May 2010, the conversion of AIXTRON Aktiengesellschaft into a European Company (Societas Europaea, SE) propose the name AIXTRON SE. Headquarters of the company and the Administrative offices will remain Herzogenrath, Germany be. The Shareholders of AIXTRON AG will receive the invitation to the AGM more detailed information on the planned conversion of the Legal.
Report of the Board Paul Hyland, CEO of AIXTRON AG said: ‘Due to the uncertain financial environment and the prevailing recession fears, started in 2009 very difficult. However developed in 2009 as one of the best business in the history of the company. We benefited from the already over taken five years, forward looking decisions, our Transform our systems into modules, and configurable Manufacturing processes and supply chain re-fit. These factors were critical to our ability to short-term Changes in market conditions in 2009 to respond quickly and profitably. Also in 2010, we will take the necessary strategic Investment decisions proactively to ensure that we have just have the new technology and infrastructure, with the AIXTRON his leading role in this growing market sustainably can say. The planned transformation of legal form AIXTRON AG into an SE underlines the increasing international nature of our business and supports the flexibility of our business model. "
Forecast AIXTRON start in the year 2010 with a very high Order backlog of EUR 190.1 million, the 1 January 2010 based on a Exchange rate of USD 1.50 / euro was revalued. This is exclusively available in 2010 contracts. On this basis the expected Board Total Revenues for 2010 amounting to EUR 600 Million to EUR 650 million with an EBIT margin of at least 25%.
Financial Information Presentation for Year results 2009 and the complete financial tables of the Consolidated financial statements (balance sheet, profit and loss account, cash flow statement and Changes in equity) are as part of the Annual Report 2009 at http://www.aixtron.com, section ‘Investors / Reports / Presentations’
available.
Conference call for investors in the context of Publication of the results for fiscal 2009 will be on AIXTRON Thursday 11 Clock in March 2010 at 15:00 CET (06:00 am PST, 09:00 am EST) A telephone conference (in English) for investors . hold You can from 14:50 CET (05:50 am PST, 08:50 am EST) the following phone number to dial into the conference: +49 (69) 247501-899 or +1 (212) 444-0297. An audio recording or a copy You will find after the conference at http://www.aixtron.com, section ‘Investors’.
Contact: Guido Pickert Investor Relations and Corporate Communications: T: +49 (241) 8909-444 F: +49 (241) 8909-445 invest@aixtron.com
For further information on AIXTRON AG (FSE: AIXA, ISIN DE000A0WMPJ6, NASDAQ: AIXG, ISIN US0096061041) are on the Internet at http://www.aixtron.com available.
Forward-Looking Statements This release may forward-looking statements about the business, financial position and results and earnings outlook of AIXTRON within the meaning of ‘Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 included. Terms such as ‘may’, ‘will’, ‘expect’,
‘anticipate’, ‘contemplate’, ‘intend’, ‘plan’, ‘believe’,
‘continue’ and ‘estimate’, and variations of these words and similar expressions identify these forward-looking statements. The forward-looking statements reflect our current views and assumptions and are subject to re – existing risks and uncertainties. You should not place undue Reliance on the forward-looking statements set. The hereafter shall Factors like the other in AIXTRON with the U.S. Securities and Exchange Commission filings and public reports Messages are among those factors that have resulted may cause actual and future results and Trends to differ materially from our forward-looking statements: The actual customer orders received by AIXTRON; the Extent of market demand for chemical vapor deposition (CVD) technology, the timing of final acceptance of products by customers; the financial climate and accessibility to Financing and the general conditions in the Thin film equipment market and the macroeconomic environment, cancellations, Changes or delays in product shipments; Manufacturing capacity constraints, lengthy sales and Qualification cycles; difficulties in the fabrication process, changes in Semiconductor industry growth, increased competition; Exchange rate fluctuations, availability of public funds, interest rate fluctuations and availability of interest rates, delays in Development and commercialization of new products; poorer general than expected economic conditions and other factors. In this Communication from the forward-looking statements are valid assumes the date hereof and AIXTRON does not Obligation to update or revise forward-looking statements because of new information, future events or otherwise, except where there is a required by law.
Contact: Investor Relations and Corporate Communications AIXTRON AG, Kaiserstr. 98, 52134 Herzogenrath, Germany Phone: +49 241 8909 444, Fax: +49 241 8909 445, invest@aixtron.com www.aixtron.com
10.03.2010 15:06 Ad-hoc news, financial news and Press releases transmitted by DGAP. Media archive at http://www.dgap-medientreff.de and http://www.dgap.de
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Language: German Company: AIXTRON AG
Kaiserstr. 98
52134 Herzogenrath
Germany Phone: +49 (241) 8909-444 Fax: +49 (241) 8909-445 E-mail: invest@aixtron.com Internet: www.aixtron.com ISIN: DE000A0WMPJ6, US0096061041 WKN: A0WMPJ Indices: TecDAX Listed: Regulated Markt in Frankfurt (Prime Standard); OTC
in Berlin, Munich, Dusseldorf, Stuttgart; Date EUREX;
Foreign Exchange (s) NASDAQ
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Tags: aixtron ag, deposition equipment, stock corporation, ebit margin, semiconductor industry