Aixtron Responds to the Near Term Market Uncertainty and Issues New 2011 Revenue Guidance
Sep 16, 2011 Aixtron has announced that its new 2011 revenue and EBIT guidance is EUR 600m – 650m revenues with an EBIT performance of c. 25-30%.In addition to that previously published order backlog was reduced by EUR 100m.
According to Aixtron management the adjustments reflect the perceived increase in conversion risk, purchase order delays and deferred system delivery requests into 2012 by several customers, specifically in Asia.
Although they believe the mid- to long-term LED market opportunities are positive, a caution needs to be taken due to the fragility of the short-term economic recovery. Coupled with evident margin pressures from rapidly dropping end market prices for LEDs, several customers are delaying new purchase order placements and deferring system deliveries into 2012.
Official Press release for investors is available at: http://www.aixtron.com/index.phpid=466&L=1&tx_ttnews[tt_news]=1744&tx_ttnews[backPid]=756&cHash=71df7930ace68bf500c5c50538081f12
Author: Alice Jones
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