AIXTRON Announces Third Quarter 2010 Results
Oct 28, 2010 AIXTRON AG has announced the consolidated financial results for the first nine months of 2010.
The gross margin in 9M/2010 was 10 percentage points higher at 53% compared to 9M/2009. The 9M/2010 operating result increased year on year by 554% to EUR 189.6m, with a 18 percentage points higher EBIT margin of 34%, leading to a net result of EUR 130.9m or 23% return on sales. The 9M/2010 net income was up 542% year on year.
Q3/2010 revenues increased by 11% over the second quarter from EUR 191.8m to EUR 212.7m. Net income improved by 34% over Q2/2010 from EUR 42.3m to EUR 56.8m or 27% of sales.
In line with Management expectations; equipment orders were recorded on a very high level (Q1/2010 EUR 168.5m; Q2/2010 EUR 175.4m; Q3/2010 EUR 200.4m). Approximately 30% of the LED system orders recorded in Q3/2010 were for the new generation systems, launched in Q1/2010.
Reflecting the healthy business development and the current USD/EUR exchange rate levels, the Executive Board reiterates the 2010 full year revenue guidance of circa EUR 750m and has decided to increase the EBIT margin guidance to circa 35%.
Author: BIO T&T
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