AIXTRON SE (AIXG), a provider of deposition equipment to the semiconductor industry, reported a wider loss for the first quarter, mainly due to restructuring costs and inventory write-downs.
For the three-month period, the firm recorded net loss of 76 million euros or 0.75 euros per share, compared with a loss of 12.3 million euros or 0.12 euros per share last year.
Restructuring costs related to staff reductions in Germany, and inventory write-downs during the quarter totaled approximately EUR 49.1 million. For the quarter, the company reported EBIT loss of 76 million euros, that widened from 18.3 million euros loss last year.
AIXTRON generated total revenues of 40.2 million euros for the quarter, a 4 percent decline from last year's figure of 42 million euros. The continued low level of order intake in the first quarter is mainly attributable to the subdued demand for semiconductor deposition equipment, the company said in a statement.
Citing poor visibility of orders, the company said it was not able to issue any forecast for the revenues and EBIT margin in the current financial year.
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