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

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.

by RTT Staff Writer

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