Key Developments For Aixtron AG
Aixtron AG (AIXG.O) (Nasdaq)
AIXTRON AG Announces Capital Increase; Raises FY 2009 Outlook
AIXTRON AG announced that its Executive Board has agreed, with the consent of the Supervisory Board, to increase the Company's share capital by utilizing its authorized capital of up to EUR 8,979,937.00 by issuing up to 8,979,937 new no-par value registered shares, corresponding to approximately 9.8% of the current share capital, for cash. Shareholders' subscription rights will be excluded. The new shares will be offered to qualified investors in Germany and internationally via an accelerated book building process. The new shares will be admitted for trading without a prospectus in the regulated market of the Frankfurt Stock Exchange with a simultaneous listing in the Prime Standard segment of the Frankfurt Stock Exchange, which requires additional disclosure obligations. They will have full dividend entitlement for the fiscal year 2009. In addition, AIXTRON Management again increased its fiscal year 2009 guidance to revenues of EUR 280 million. This total revenue figure bears enough operating leverage potential to enable the Company to reach an 18% EBIT margin for the fiscal 2009. Management sees a strong possibility of the revenue momentum carrying over into 2010. According to Reuters Estimates, analysts on average are expecting the Company to report revenue of EUR 280.45 million for fiscal year 2009.
AIXTRON AG Raises FY 2009 Guidance
AIXTRON AG announced that it has raised its guidance for the fiscal year 2009 to total revenues of between EUR 230 million and EUR 250 million and an EBIT margin of 12-13% from the previous guidance on revenues of EUR 200 million -EUR 220 million and EBIT margin of 10-11%. According to Reuters Estimates, analysts on average are expecting the Company to report revenue of EUR 224.41 million for fiscal year 2009.
AIXTRON AG Receives Order from CESI RICERCA
AIXTRON AG announced that it has received an order for one AIX 2800G4 (15x4") Planetary Reactor system from the CESI RICERCA, a company based in Milan, Italy. The order was received in December 2008 and the reactor will be delivered in the fourth quarter 2009.
AIXTRON AG Receives Multiple System Order from EPISTAR Corporation
AIXTRON AG announced that it has received a further multiple system order from EPISTAR Corporation located at the Hsinchu Science-based Industrial Park in Taiwan. The order, to be delivered during 2009, was received in the second quarter of 2009 and will commence delivery in the third quarter of 2009. This order comprises CRIUS Close Coupled Showerhead (CCS) reactors and AIX 2800G4 HT Planetary Reactor systems for volume production of GaN-based LEDs.
Hualei Optoelectronic Orders AIXTRON AG's AIXTRON MOCVD tools for LEDs
AIXTRON AG announced that Hualei Optoelectronic Ltd., based in Hunan Province, P.R. China, has issued a purchase contract for multiple CRIUS MOCVD systems. The tools for production of high brightness LEDs will be shipped from Q2/09 through Q4/09. Part of this order has been recorded as order intake in Q1/2009.
