AIXTRON SE’s 9M 2023 Financial Overview
Guido Pickert, the Head of Investor Relations at AIXTRON SE, presented an in-depth analysis of the company’s financial performance during the first nine months of 2023, emphasizing AIXTRON’s growth and financial strength in the market.
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2023 Growth and Positive Outlook
Guido Pickert confirmed AIXTRON’s growth guidance for 2023, driven by strong demand in power electronics, a key growth factor for the company.
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Technological Advancements: G10-GaN System
The presentation highlighted the launch of the G10-GaN system, a testament to AIXTRON’s innovation and technological leadership.
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Key Financial Indicators
Order Intake and Backlog
In the first nine months of 2023, AIXTRON saw a significant order intake of EUR 436.2 million, a 2% increase year-on-year, with a stable equipment order backlog of EUR 368.0 million.
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Revenue and Gross Margin
Revenues surged by 49% to EUR 415.7 million in 9M 2023, with a gross margin improvement to 43%, leading to a gross profit of EUR 180.8 million.
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Operating Results and Profit
The operating result (EBIT) reached EUR 93.4 million, a 22% EBIT margin, and a profit of EUR 83.5 million.
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Q3 2023 Performance
Q3 2023 saw a robust performance with high revenues of EUR 165.0 million and a strong operating result (EBIT) of EUR 45.3 million despite increased R&D spending.
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Financial Position and Future Outlook
Concluding the presentation, Guido Pickert projected a positive future for AIXTRON SE, driven by demand for efficient power electronics and new technologies, with expected significant growth in order intake, revenues, and EBIT margin.
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Conclusion
AIXTRON SE’s performance in the first nine months of 2023 underscores its solid financial health and market position, backed by continuous technological advancements and steady demand in its sector.