Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. AIXTRON SE
  6. News
  7. Summary
    AIXA   DE000A0WMPJ6

AIXTRON SE

(AIXA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE : AIXTRON successfully continues growth / Order intake plus 90% / Revenues increased again / Significantly improved profitability / Doubling of EBIT / Order intake guidance raised once more

07/29/2021 | 01:31am EDT
DGAP-News: AIXTRON SE / Key word(s): Half Year Results/Change in Forecast 
AIXTRON successfully continues growth / Order intake plus 90% / Revenues increased again / Significantly improved 
profitability / Doubling of EBIT / Order intake guidance raised once more 
2021-07-29 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
AIXTRON successfully continues growth 
Order intake plus 90% / Revenues increased again / Significantly improved profitability / Doubling of EBIT / Order 
intake guidance raised again 
Herzogenrath, July 29, 2021 - AIXTRON SE (FSE: AIXA, ISIN DE000A0WMPJ6) reports a very strong business performance in 
the first half of 2021, with order intake for the leading provider of deposition equipment to the semiconductor 
industry reaching EUR 263.3 million in this period, the highest level in the past ten years. Customer orders almost 
doubled (plus 90%) compared with the corresponding prior-year period (EUR 138.4 million). 
Highest order intake and equipment order backlog in ten years 
In the second quarter of 2021, the order volume of EUR 139.0 million exceeded the already strong first quarter of the 
year (EUR 124.4 million) by a further 12%. Customers particularly requested AIXTRON equipment for gallium nitride power 
electronics applications. Optoelectronics applications for optical data transmission as well as LEDs for fine pitch 
displays were also in high demand. 
At the end of the quarter (June 30, 2021) the equipment order backlog reached EUR 295.0 million, the highest volume in 
the past decade. It was 88% higher than in the same period of the previous year (EUR 156.6 million); at the end of the 
first quarter (March 31, 2021), AIXTRON still had an order backlog of EUR 223.5 million. 
High revenue growth in the second quarter of 2021 
AIXTRON also strongly increased revenues and profits in the first half of 2021 and significantly improved 
profitability. At EUR 117.2 million, revenues (including service and spare parts) exceeded the corresponding prior year 
figure (EUR 97.0 million) by 21%. In the second quarter, revenues rose to EUR 67.7 million, 37% higher than in the 
opening quarter of the year (EUR 49.5 million). 
61% of the revenues in the second quarter of 2021 were generated with systems for optoelectronics. Another high share 
of sales was contributed by equipment for power electronics (30%), in particular systems for gallium nitride 
applications. 7% of the revenues were attributable to the LED area. 
At EUR 45.2 million, gross profit in the first half of 2021 exceeded the gross profit of the prior-year period (EUR 
37.5 million) by 21%. In the second quarter, growth momentum was very high compared to the previous quarter, with gross 
profit in the second quarter increasing by 61% from EUR 17.3 million to EUR 27.9 million compared to the previous 
quarter. AIXTRON achieved a gross margin of 39% in the first six months. In the second quarter, the deposition 
specialist's gross margin was 41%, compared to 35% in the previous quarter. 
Doubling of EBIT 
Operating expenses rose by 14% in the first half of the year from EUR 35.3 million in the previous year to EUR 40.2 
million. Operating expenses in the first half of 2021 include the one-time expenses for the realignment of the business 
activities of the subsidiary APEVA in the amount of EUR 3.2 million. In the second quarter, operating expenses 
including the one-time expenses for APEVA, amounted to EUR 22.3 million, compared with EUR 18.0 million in the first 
quarter of this year. 
AIXTRON was also able to strongly increase its operating result due to the high revenue growth. In the first half of 
the year, the equipment specialist more than doubled its earnings before interest and taxes (EBIT) from EUR 2.2 million 
to EUR 4.9 million. After EBIT in the first quarter was still slightly in the red at EUR -0.7 million, EBIT in the 
second quarter amounted to EUR 5.6 million. In the first half of 2021, the EBIT margin doubled to 4% from 2% in the 
first half of the previous year; in the second quarter it was 8%. 
In addition, the capitalization of deferred taxes on loss carryforwards amounting to EUR 3.4 million in the second 
quarter of 2021 had a positive impact on net profit which improved significantly to EUR 11.5 million in the first half 
of the year, compared with EUR 2.5 million in the corresponding prior-year period. In the second quarter, net profit 
doubled from EUR 3.8 million in the previous quarter to EUR 7.7 million. 
Strong financial foundation 
The leading deposition equipment supplier has a solid financial foundation. Due to the significant increase in customer 
prepayments reflecting the positive order situation, AIXTRON reported a decrease in the equity ratio as of June 30, 
2021. It was 73% at the end of the first half year (June 30, 2021), compared to 84% as of December 31, 2020. Due to the 
positive business development, AIXTRON SE had distributed a dividend to its shareholders for the first time in ten 
years for fiscal year 2020. Free cash flow increased to EUR 46.1 million in the first half of the year, compared to EUR 
-8.4 million in the same period of the previous year, mainly due to high order prepayments. 
Executive Board once again raises forecast for order intake 
The Executive Board confirms its guidance for the full year 2021, which was increased at the beginning of June due to 
the very dynamic order development, and raises the order intake guidance once more. Accordingly, AIXTRON expects for 
fiscal year 2021 
- Order intake in the range of EUR 440 million to EUR 480 million (previously: EUR 420 million to EUR 460 million) 
- Revenues from EUR 400 million to EUR 440 million 
- a Gross margin of approximately 40% of revenues and 
- an EBIT margin of 20% to 22% of revenues. 
Expectations for 2021 are based on the assumption that the COVID-19 pandemic continues to have no significant impact on 
the development of the business. 
"Customer demand is very high in all end markets relevant to us. In particular, AIXTRON's equipment for the production 
of gallium nitride power electronics, for the production of components for 5G network expansion and for high-speed 
optical data transmission is in high demand. This trend is unbroken, and we expect to continue to see very dynamic 
revenue growth in the second half of the year," said Dr. Felix Grawert, President and CEO of AIXTRON SE. 
"The gallium nitride material system in particular opens up competitive advantages for our customers in terms of 
performance, but also with regard to energy consumption and the associated CO2 emissions. Our customers are 
increasingly taking advantage of gallium nitride in devices," adds Dr. Felix Grawert. 
Financial Tables 
The half year 2021 results presentation is available at http://www.aixtron.com/en/investors/publications. The 
consolidated financial statements (income statement, statement of comprehensive income, balance sheet, cash flow 
statement, statement of changes in equity) relating to this press release are available at http://www.aixtron.com/en/ 
investors/publications as part of AIXTRON's First Half 2021 Financial Report. 
Investor Conference Call 
In conjunction with the announcement of the first half 2021 results, AIXTRON will hold a conference call for analysts 
and investors on Thursday, July 29, 2021, 3.00 p.m. CEST (6.00 a.m. PDT, 9.00 a.m. EDT) to review the first half 2021 
results. You can dial into the conference starting at 2.45 a.m. CEST (5.45 a.m. PDT, 8.45 a.m. EDT) by calling +49 (69) 
24 747 18 33 or +1 (646) 712-9911. An audio recording or transcript will be available after the conference at 
https://www.aixtron.com/en/investors/events/conference-calls/. 
Key Financials                  H1/2021 H1/2020 +/-  Q2/2021 Q1/2021 +/- 
(in EUR million)                                 %                    % 
Order intake                      263.3   138.4   90   139.0   124.4   12 
Order backlog (Equipment only)    295.0   156.6   88   295.0   223.5   32 
Revenues                          117.2    97.0   21    67.7    49.5   37 
Gross profit                       45.2    37.5   21    27.9    17.3   61 
Gross margin                        39%     39%    -     41%     35% 6 pp 
EBIT                                4.9     2.2  123     5.6    -0.7  900 
EBIT margin                          4%      2% 2 pp      8%     -1% 9 pp 
Net result                         11.5     2.5  360     7.7     3.8  103 
Net margin                          10%      3% 7 pp     11%      8% 3 pp 
Free Cash Flow                     46.1    -8.4  649    18.0    28.1  -36 

To download photos please click here.

Contact Persons

Guido Pickert Vice President Investor Relations & Corporate Communications fon +49 (2407) 9030-444 e-mail g.pickert@aixtron.com

Andrea Koegler-Ihler Senior IR Manager

fon +49 (2407) 9030-6153

e-mail a.koegler@aixtron.com About AIXTRON

AIXTRON SE is a leading provider of deposition equipment to the semiconductor industry. The Company was founded in 1983 and is headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and sales offices in Asia, United States and in Europe. AIXTRON's technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and optoelectronic applications based on compound or organic semiconductor materials. Such components are used in a broad range of innovative applications, technologies and industries. These include Laser and LED applications, display technologies, data transmission, SiC and GaN power management and conversion, communication, signaling and lighting as well as a range of other leading-edge applications.

Our registered trademarks: AIXACT(R), AIXTRON(R), Atomic Level SolutionS(R), Close Coupled Showerhead(R), CRIUS(R), Gas Foil Rotation(R), OVPD(R), Planetary Reactor(R), PVPD(R), TriJet(R)

For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6) please visit our website at: www.aixtron.com

(MORE TO FOLLOW) Dow Jones Newswires

July 29, 2021 01:30 ET (05:30 GMT)

All news about AIXTRON SE
08/31AIXTRON SE : Release according to Article 41 of the WpHG [the German Securities Trading Ac..
EQ
08/03AIXTRON : supports flood victims
PU
08/02AIXTRON : Barclays reiterates its Buy rating
MD
07/30AIXTRON : Berenberg gives a Buy rating
MD
07/29AIXTRON : DZ Bank keeps its Buy rating
MD
07/29AIXTRON : Receives a Buy rating from Warburg Research
MD
07/29AIXTRON : Barclays keeps its Buy rating
MD
07/29AIXTRON : Q2 2021 Investor Presentation.PDF
PU
07/29AIXTRON : 6-months-report 2021.pdf
PU
07/29PRESS RELEASE : AIXTRON successfully continues growth / Order intake plus 90% / Revenues i..
DJ
More news
Analyst Recommendations on AIXTRON SE
More recommendations
Financials
Sales 2021 426 M 499 M 499 M
Net income 2021 79,0 M 92,5 M 92,5 M
Net cash 2021 283 M 332 M 332 M
P/E ratio 2021 32,2x
Yield 2021 0,80%
Capitalization 2 539 M 2 981 M 2 975 M
EV / Sales 2021 5,30x
EV / Sales 2022 4,77x
Nbr of Employees 718
Free-Float 94,3%
Chart AIXTRON SE
Duration : Period :
AIXTRON SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIXTRON SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 22,65 €
Average target price 25,61 €
Spread / Average Target 13,1%
EPS Revisions
Managers and Directors
Felix Jan Grawert President, CEO & Chairman-Executive Board
Christian Danninger Chief Financial Officer & Executive Director
Kim Schindelhauer Chairman-Supervisory Board
Michael Heuken Vice President-Research & Development
Jochen Linck Chief Operating & Technical Officer
Sector and Competitors
1st jan.Capi. (M$)
AIXTRON SE58.78%2 981
ASML HOLDING N.V.85.81%355 326
LAM RESEARCH CORPORATION27.28%85 328
TOKYO ELECTRON LIMITED40.26%76 459
QORVO, INC.4.25%19 264
ENTEGRIS, INC.39.01%18 114