Ace's strong 18 - year Q1 performance was announced, and net profit increased by 191% year on year

Yesterday (26), the world's leading semiconductor industry deposition equipment supplier, Ace (AIXTRON), announced the performance report of the first quarter of 2018 (1-3 months of 2018).

During the reporting period, AIXTRON realized revenue of 62 million 400 thousand euros (RMB 481 million yuan), up 16% from 53 million 600 thousand euros (RMB 413 million yuan) in the same period last year, with a net profit of 12 million 300 thousand euros (about RMB 94 million 818 thousand and 200), and an increase of 191% over the same period of -1350 million in the same period of last year.

In the first quarter of 2018 revenue composition, equipment revenue of 50 million 800 thousand euros (17%), accounting for 81% of total revenue, 14% of which came from the production of LED equipment; accessories and services and other revenue of 11 million 600 thousand euros (15%), accounting for 19% of total revenue. According to the regional division, Asia, Europe and the United States contributed 46%, 38% and 16% of revenue respectively.

Driven by the continuous demand for MOCVD systems for laser applications such as 3D sensor technology or optical data transmission vertical cavity surface emitting lasers (VCSEL), the total volume of orders (including accessories and services) in the first quarter of 2018 reached 78 million 600 thousand euros, up 27% from a year earlier, and an increase of 20%.

In the first quarter of 2018, free cash flow was reduced by 55 million 700 thousand euros over the same period (34 million 600 thousand euros), to -2110 million. In addition, Ace's strong 1Q18 realized gross profit of 26 million 800 thousand euros, up 97% from the same period, the gross profit rate was 43% and 18 percentage points higher than that of 1Q17.

Based on the performance of the first quarter and the current order, the management is expected to achieve the operating income of 230 million -2.6 billion, and the gross interest rate of 35%-40% in the 2018 fiscal year.

"We are happy to have a good start in the new fiscal year," said Dr. Bernd Schulte, President of Ace strong. "1Q18 is the strongest first quarter of Ace since 2011. Revenue and orders are further increased, which makes the 2018 expectation of February more definite." We expect the 2018 earnings and pre tax profits to be close to the upper limit of the expected range. "

"Ace has a very good market position in the field of laser and special LED applications, and has a bright future in the field of power electronics. In the medium term, we expect that the power electronics products based on gallium nitride and silicon carbide will bring great potential for the company. " Dr. Felix Grawert, the president of Ace, added. (compiled: LEDinside Nicole)

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