Aixtron 2017 over the first half revenue 9 billion, LED equipment accounted for 44%

The day before, the world's leading semiconductor industry strong deposition equipment supplier Ace (AIXTRON) announced half a year and second quarter financial results on 2017. The first half of 2017, AIXTRON achieved total revenue of 114 million 100 thousand euros (about 904 million yuan), compared to the same period last year 55 million 500 thousand euros (about 436 million yuan) growth of 106%; among them, the first quarter of 2017 and the second quarter revenues of 53 million 600 thousand euros and 60 million 600 thousand euros.

On the first half of 2017 revenue structure, equipment and accessories sales accounted for 83% and 17%; according to the terminal application division, LED, silicon, power electronic and optoelectronic equipment revenue accounted for 44%, 25%, 13% and 15%; geographically, Asia, Europe and the United States respectively 8% and 82% of revenue contribution. 10%.

The first half of 2017 the total amount of orders (including accessories and services) reached 128 million 500 thousand euros, compared with 95 million 500 thousand in the first half of 2016 the euro rose 34%. Among them, the second quarter orders amounted to 66 million 600 thousand euros, 61 million 900 thousand euros in the first quarter growth of 8%. This trend is mainly benefited from the application in vertical cavity surface emitting laser (VCSEL), orange yellow (ROY) metal organic chemical vapor deposition and special LED (MOCVD) system and used in power electronic and chemical gas production flash application phase deposition (CVD) system needs improvement.

Thanks to the accounts receivable and return customer payment in advance, free cash flow in the first half of 2017 reached 4030 million euros, compared to the same period last year (-4100 million euros) increased 8130 million euros. In addition, Ace 1H17 gross profit and gross margin was 30 million 600 thousand euros and 27%, compared with 2016 in the first half of 10 million euros and 18% increase.

The first half of 2017, AIXTRON continues to change, let R & D expenses and income remains the same, to recover in 2018. Under this background, AIXTRON announced to Eugene Technologies in the second quarter of 2017, Inc. sold in the United States ALD / CVD production line. In addition, AIXTRON OLED deposition technology to establish a joint venture of the work in progress. To support this, AIXTRON has also established a wholly owned subsidiary of APEVA SE.

According to the evaluation of AIXTRON order increment, management expects revenue and the amount of orders for fiscal year 2017 to achieve 210 million -2.3 billion euros.

AIXTRON will continue to change, the development costs and income consistent, in order to recover in 2018. The implementation of the strategy may have a significant impact on the profit, the management did not for the fiscal year 2017 EBITDA (EBITDA), EBIT (EBIT) forecast and net income. With the implementation of the plans and measures, the management will update the 2017 earnings outlook.

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