Aixtron Shows Strong Growth in 2009
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

March 10, 2010... Aixtron grew substantially in 2009 despite the recession. The company's net income nearly doubled with an increase of 95 percent, going from EUR23.0 m in 2008 to EUR44.8m in 2009. Aixtron's revenues grew some 10 percent in 2009 reaching EUR302.9m compared to EUR274.4m the previous year. Gross profit increased 19 percent for the year from EUR112.9m to EUR134.7m.

The company had an increase of 48 percent in the equipment order intake for the year from EUR250.8m to EUR370.1m. The company's order backlog also nearly doubled with an increase of 98 percent, going from EUR105m in 2008 to EUR203.8m in 2009.

The management board will propose to change the company from an AG company to an SE company at the March 18 board meeting. Paul Hyland, President & Chief Executive Officer at Aixtron cited the increasingly international nature of the business as the reason for the SE conversion.

Hyland commented, “...fiscal year 2009 has turned out to be one of the best years in the Company’s history. The forward looking decisions we made more than 5 years ago, namely to re-engineer our system technology into configurable modules and the decision to re-engineer our manufacturing processes and supply chain structure have played a decisive part in our ability to react quickly and profitably to the rapid and positive changes in 2009 market conditions. " The company announced a guidance of Euros 600m to Euros 650m for 2010. (As of March 10, 1 Euro= 1.3657 U.S. Dollars) Aixtron 2009 Final Year-end Financial Results

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