Aixtron AG (AIXG: Quote) reported that its fourth-quarter net loss widened to 43.2 million euros from 10.9 million euros in the same quarter last year. On a per share basis, net loss was 0.43 euros, compared to a loss of 0.11 euros in the prior year quarter.
Revenue for the quarter declined to 77.5 million euros from 140.1 million euros in the prior year quarter.
The company said its Executive and Supervisory Boards will propose to the shareholders' meeting that the 2012 loss should be carried forward and consequently no dividend for 2012 will be distributed.
The company expects demand for MOCVD production equipment to potentially improve as demand for LEDs increases later in the current year. On the same timeline, the company also envisages incremental equipment demand coming from non-LED emerging MOCVD applications and other technology markets, including Silicon and Organic Semiconductor applications.
"Despite the generally more positive outlook for the year 2013, there remains a high degree of uncertainty about the timing of a significant order recovery and Management is consequently unable to offer a precise revenue and EBIT margin guidance for the year at this time," the company said.
| || |
| To receive FREE breaking news email alerts for Aixtron AG and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org