logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
Follow RTT