logo
Share SHARE
FONT-SIZE Plus   Neg

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

German LED lighting equipment firm Aixtron AG (AIXG) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Procter & Gamble Co., (PG) Tuesday announced the promotion of David Taylor to the role of Chief Executive Officer, as the consumer goods giant replaces Chief Executive A.G. Lafley for the second time. David Taylor, a 35-year-veteran and currently Group President of Global Beauty, Grooming and Health... Anadarko Petroleum reported a plunge in second-quarter profit, hurt by weak oil prices, partly offset by some derivative gains. However, its earnings topped Street estimates, driven by operational efficiencies and sales of higher-margin oil. Anadarko shares... Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter net loss narrowed from last year, as revenue surged 61%. The company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
RELATED NEWS
Trade AIXG now with 
Follow RTT