DGAP-Adhoc: AIXTRON Q1/2013 Earnings affected by inventory write-downs and restructuring costs / Order intake in Q1/2013 remains subdued

AIXTRON SE / Key word(s): Profit Warning/Preliminary Results

23.04.2013 23:12

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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AIXTRON Q1/2013 Earnings affected by inventory write-downs
and restructuring costs
Order intake in Q1/2013 remains subdued

Aachen, Germany, April 23, 2013 - AIXTRON SE (FSE: AIXA; NASDAQ: AIXG), a
leading provider of deposition equipment to the semiconductor industry,
today announces preliminary results for the first quarter of fiscal year
2013. The quarterly results were significantly affected by inventory
write-downs and restructuring costs.

To better reflect the on-going uncertainty in demand as well as
the technological improvement of the AIXTRON product portfolio, Management
executed a further review of all inventories in Q1/2013. Consequently,
Management decided on additional write-downs in the range of approximately
EUR 43.0m.

Moreover, the Company has recorded restructuring expenses of approximately
EUR 6.1m, mainly in conjunction with the initiated staff reduction
measures in Germany.

The revenue figure for Q1/2013 amounted to EUR 40.2m. Due to the
aforementioned special items, the gross profit was EUR -48.0m and the
operating result (EBIT) came to EUR -76.3m.

Free Cash Flow came in at EUR 9.3m and cash and cash equivalents including
cash deposits as per March 31, 2013 amounted to EUR 219.9m.

Order intake in Q1/2013 remained subdued at EUR 29.9m.

Quarterly Financial Report
As planned, AIXTRON will publish its quarterly financial report for the
first quarter 2013 before the start of trading in Germany on Thursday,
April 25, 2013. On the same day, AIXTRON will host a financial analyst and
investor conference call to review the first quarter 2013 results at 3:00pm
CEST.

Contact:
Guido Pickert
Investor Relations and Corporate Communications
T: +49 (241) 8909-444
F: +49 (241) 8909-445
invest@aixtron.com

For further information on AIXTRON SE (FSE: AIXA, ISIN DE000A0WMPJ6;
NASDAQ: AIXG, ISIN US0096061041) please consult our website at:
www.aixtron.com.

Forward-Looking Statements
This document may contain forward-looking statements regarding the
business, results of operations, financial condition and earnings outlook
of AIXTRON within the meaning of the safe harbor provisions of the US
Private Securities Litigation Reform Act of 1995. These statements may be
identified by words such as 'may', 'will', 'expect', 'anticipate',
'contemplate', 'intend', 'plan', 'believe', 'continue' and 'estimate' and
variations of such words or similar expressions. These forward-looking
statements are based on our current views and assumptions and are subject
to risks and uncertainties. You should not place undue reliance on these
forward-looking statements. Actual results and trends may differ materially
from those reflected in our forward-looking statements. This could result
from a variety of factors, such as actual customer orders received by
AIXTRON, the level of demand for deposition technology in the market, the
timing of final acceptance of products by customers, the condition of
financial markets and access to financing for AIXTRON, general conditions
in the market for deposition plants and macroeconomic conditions,
cancellations, rescheduling or delays in product shipments, production
capacity constraints, extended sales and qualification cycles, difficulties
in the production process, the general development in the semi-conductor
industry, increased competition, fluctuations in exchange rates,
availability of public funding, fluctuations and/or changes in interest
rates, delays in developing and marketing new products, a deterioration of
the general economic situation and any other factors discussed in any
reports or other announcements filed by AIXTRON with the U.S. Securities
and Exchange Commission. Any forward-looking statements contained in this
document are based on current expectations and projections of the executive
board and on information currently available to it and are made as at the
date hereof. AIXTRON undertakes no obligation to revise or update any
forward-looking statements as a result of new information, future events or
otherwise, unless expressly required to do so by law.

Contact:
Investor Relations and Corporate Communications
AIXTRON SE, Kaiserstr. 98, 52134 Herzogenrath, Germany
Phone: +49 241 8909 444, Fax: +49 241 8909 445, invest@aixtron.com
www.aixtron.com

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Language: English
Company: AIXTRON SE
Kaiserstr. 98
52134 Herzogenrath
Germany
Phone: +49 (241) 8909-444
Fax: +49 (241) 8909-445
E-mail: invest@aixtron.com
Internet: www.aixtron.com
ISIN: DE000A0WMPJ6, US0096061041
WKN: A0WMPJ
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart; Terminbörse EUREX

End of Announcement DGAP News-Service

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