Ad-hoc | 31 March 2005 00:36
Aixtron AG:AIXTRON Announces Fiscal Year 2004 Financial Results
Ad hoc announcement §15 WpHG
Annual Results
Aixtron AG:AIXTRON Announces Fiscal Year 2004 Financial Results
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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AIXTRON Announces Fiscal Year 2004 Financial Results
Aachen, Germany – March 31, 2005 – AIXTRON AG (FSE: AIX; ISIN DE0005066203;
NASDAQ: AIXG) today announced full financial results for fiscal year 2004,
ended December 31, 2004.
Total fiscal year 2004 revenues rose by 55 percent year over year, from Euro
90.4 million in 2003 to Euro 140.0 million in 2004.
Gross margin on sales improved from 20 percent in 2003 to 36 percent in 2004.
Net income totaled Euro 7.1 million in 2004, representing a net income per
share of Euro 0.11. This compares to a net loss of Euro 17.8 million in 2003,
representing a net loss per share of Euro 0.28.
Cash and cash equivalents amounted to Euro 45.5 million as of December 31,
2004, as compared to Euro 45.3 million as of December 31, 2003. The Company
recorded no bank borrowings at year end 2004. The equity ratio as of December
31, 2004 was 77 percent, compared to 78 percent as of December 31, 2003.
The total value of equipment orders received rose by 40 percent year over
year, from Euro 79.3 million as of December 31, 2003, to Euro 111.4 million as
of December 31, 2004. The equipment order backlog as of December 31, 2004 was
Euro 36.6 million, as compared to Euro 59.4 million as of December 31, 2003.
The revenue value of orders, not yet recognized, at customer locations
awaiting acceptance totaled Euro 15.6 million as of December 31, 2004.
The Company believes that the business climate may remain difficult for the
next twelve months, but nevertheless, expects to maintain its very strong
position in the Compound Semiconductor MOCVD system market and remains
positive about its ability to build a much stronger position in both the
OVPD(R) Display and the Silicon semiconductor arenas in the coming year.
This latter opportunity in Silicon is greatly enhanced by the recent
acquisition of Genus, and the focus for management in 2005 will be on the
integration and consolidation of the AIXTRON and Genus Silicon groups. AIXTRON
will have a clearer insight into the timing and volume of business in 2005
once the Company has completed its post-acquisition reviews, and remains very
optimistic about the medium and long term prospects for all the AIXTRON group
of companies.
AIXTRON AG
Kackertstr. 15-17
52072 Aachen
Deutschland
ISIN: DE0005066203 (TecDAX)
WKN: 506620
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 30.03.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
About AIXTRON
AIXTRON AG (FSE: AIX; ISIN DE0005066203; NASDAQ: AIXG) is a leading provider
of deposition equipment to the semiconductor industry. The Company’s products
are used by a diverse range of customers worldwide to manufacture advanced
semiconductor components such as HBTs, PHEMTs, MESFETs, Lasers, LEDs,
Detectors, and VCSELs used in fiber optic communication systems, wireless and
mobile telephony applications, optical storage devices, illumination,
signaling and lighting, as well as a range of other leading-edge technologies.
AIXTRON AG’s securities are listed on the Prime Standard market segment of
the Frankfurt Stock Exchange and NASDAQ, and are included both in the TecDAX
index and the MSCI World Index. More information about AIXTRON can be found on
the Web at www.aixtron.com.
Contact:
Investor Relations and Corporate Communications:
T: +49-241-8909-444
F: +49-241-8909-445
invest@aixtron.com
Forward-Looking Statements
This news release may contain forward-looking statements about the business,
financial condition, results of operations and earnings outlook of AIXTRON
within the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “expect,” “anticipate,” “contemplate,” “intend,” “plans,” “believe,”
“continue” and “estimate,” and variations of these words and similar
expressions, identify these forward-looking statements. These statements are
not guarantees of future performance, involve certain risks, uncertainties and
assumptions that are difficult to predict, and are based upon assumptions as
to future events that may not prove accurate. Therefore, actual outcomes and
results may differ materially from what is expressed herein. In any forward-
looking statement in which AIXTRON expresses an expectation or belief as to
future results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis, but there can be no assurance that the
statement or expectation or belief will result or be achieved or accomplished.
Actual operating results may differ materially from such forward-looking
statements and are subject to certain risks, including risks arising from:
actual customer orders received by AIXTRON; the extent to which chemical vapor
deposition, or CVD, technology is demanded by the market place; the timing of
final acceptance of products by customers; the financial climate and
accessibility of financing; general conditions in the thin film equipment
market and in the macro-economy; cancellations, rescheduling or delays in
product shipments; manufacturing capacity constraints; lengthy sales and
qualification cycles; difficulties in the production process; changes in
semiconductor industry growth; increased competition; exchange rate
fluctuations; availability of government funding; variability and availability
of interest rates; delays in developing and commercializing new products;
general economic conditions being less favorable than expected; and other
factors. The forward-looking statements contained in this news release are
made as of the date hereof and AIXTRON does not assume any obligation to (and
expressly disclaims any such obligation to) update the reasons why actual
results could differ materially from those projected in the forward-looking
statements. Any reference to the Internet website of AIXTRON is not an
incorporation by reference of such information in this news release, and you
should not interpret such a reference as an incorporation by reference of such
information.
Additional Information
For additional information about factors that could affect our future
financial and operating results, see our filings with the Securities and
Exchange Commission, including the Registration Statement on Form F-4
(Regis.No. 333-122624) filed with the Commission on February 8, 2005 and
available at the Commission’s website at www.sec.gov.
End of message (c)DGAP
310036 Mär 05