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

Quick Facts

Editors Pick
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator. Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
comments powered by Disqus
Follow RTT