Aixtron Presents Figures – Outlook Dampened

Aixtron SE presents figures for the first quarter of 2023

The technology group Aixtron SE (ISIN DE000A0WMPJ6) today published its financial results for the first quarter of 2023. Accordingly, orders received amounted to EUR 189.7 million, representing a decrease of 5.3 percent compared to the previous quarter (Q1/2022: EUR 200.2 million) and an increase of 11.5 percent compared to the previous year (Q1/2022: EUR 170.3 million). Revenue in the first quarter of 2023 amounted to EUR 163.8 million, an increase of 1.2 percent compared to the previous quarter (Q1/2022: EUR 161.8 million) and 22.9 percent higher than the previous year (Q1/2022: EUR 133.3 million). The Group's gross profit amounted to EUR 33.3 million in the reporting period, corresponding to a gross profit margin of 20.3 percent (Q1/2022: EUR 32.2 million, 20.0 percent).

Forecast for the current financial year reduced

For the current financial year 2023, the Management Board is adjusting its forecast and now expects revenue in a range of EUR 720 million to EUR 780 million and an EBIT margin in a range of 14 percent to 18 percent - previously the forecast was revenue of EUR 750 million to EUR 850 million and an EBIT margin of 15 percent to 19 percent. The reduction in the revenue forecast is mainly due to the postponement of planned investments by some customers in the display market.

“Despite the macroeconomic challenges, we started the year with a solid order intake,” says President and CEO Dr. Felix Grawert. “However, the postponement of planned investments by some customers in the display market is having a negative impact on our revenue forecast for the full year. Nevertheless, we are confident that we will be able to achieve our ambitious goals in the medium term with our innovative product portfolio and our strong global presence.”