Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Aixtron Slips To Loss In Q1; Backs 2012 EBIT Profitability Target - Quick Facts

RELATED NEWS
Trade AIXG now with 
4/26/2012 1:45 AM ET

German LED lighting equipment firm Aixtron AG (AIXG: Quote) posted first-quarter 2012 net loss of 12.3 million euros or 0.12 euros per share, as against a profit of 52.3 million euros or 0.51 euros per share last year. First-quarter 2012 finished EBIT negative at 18.3 million euros, versus 74.9 million euros profit in the previous year.

Quarterly revenues reached 42.0 million euros, down 80% down from 205.4 million euros a year before.

Heavily influenced by fragile consumer confidence, credit tightness, reduced subsidies and ongoing customer overcapacity, the company's order intake visibility remainslimited, Aixtron noted.

The company said the order intake visibility has not improved to the point where AIXTRON Management can yet predict a full year revenue figure. Nevertheless, the company still targets to remain EBIT profitable in 2012 under the current circumstances.

Click here to receive FREE breaking news email alerts for Aixtron AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Israel on Thursday announced it has suspended the US-mediated peace talks with the Palestinians in response to a unity accord reached between the two rival Palestinian groups, the Hamas and the Fatah. The development comes just a day after the Hamas, a radical Islamist group that controls Gaza, and the Fatah faction that rules the West Bank announced a reconciliation deal. The two groups said they While U.S. President Barack Obama and his Russian counterpart Vladimir Putin have called for a diplomatic solution to the ongoing crisis in Ukraine, the two leaders both made comments Thursday with the potential to inflame rather than tamp down the situation. After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Thursday. The strength that has emerged on the day has largely offset the weakness that was seen in the previous session. The major averages have moved roughly sideways in recent trading, hovering in positive territory.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.