AIXTRON SE (ISIN DE000A0WMPJ6) reported revenues of EUR 182.9m (2012: EUR 227.8m) and an EBIT of -95.7m (2012: EUR -132.3m) for the full fiscal year 2013.
In the fourth quarter of 2013, revenues were up sequentially to EUR 51.5m (Q3/2013: EUR 46.2m). The Q4 EBIT (excluding unusual items) of EUR -8.3m (Q3/2013 excluding unusual items: EUR -9.2m) came in slightly above the previous quarter. In spite of a 20% decrease in revenues the Company's earnings benefited from positive cost effects and efficiency gains from the 5-Point-Program initiated in Q1/2013. Thereby, operating costs (excluding unusual items) were reduced in fiscal year 2013 to less than the previously targeted EUR 100m (operating costs 2012, excluding unusual items: EUR 124.9m).
Key Financials
| 2013 | 2012 | +/- | 2013 | 2012 | +/- | |
| (in EUR million) | FY | FY | Q4 | Q4 | ||
| * Operating CF + Investing CF + Changes in Cash Deposits | ||||||
| Revenues | 182.9 | 227.8 | -20% | 51.1 | 77.5 | -34% |
| Gross profit | -7.4 | 0.4 | n.a. | 17.4 | 17.7 | -2% |
| Gross margin | -4% | 0% | -4 pp | 34% | 23% | 11 pp |
| Operating result (EBIT) | -95.7 | -132.3 | 28% | -12.6 | -19.3 | 35% |
| EBIT margin | -52% | -58% | 6 pp | -25% | -25% | 0 pp |
| Net result | -101.0 | -145.4 | 30% | -14.8 | -43.2 | 66% |
| Net result margin | -55% | -64% | 9 pp | -29% | -56% | 27 pp |
| Net result per share - basic (EUR) | -0.98 | -1.44 | 32% | -0.13 | -0.43 | 70% |
| Net result per share - diluted (EUR) | -0.98 | -1.44 | 32% | -0.13 | -0.43 | 70% |
| Free cash flow* | -1.1 | -61.6 | 60.5 | -0.2 | 1.8 | -2.0 |
| Dividend proposal/dividend per share (EUR) | 0 | 0 | 0% | |||
| Equipment order intake | 133.2 | 131.4 | 1% | 37.1 | 35.5 | 5% |
| Equipment order backlog (end of period) | 59.6 | 79.4 | -25% | 59.6 | 79.4 | -25% |