AIXTRON SE (FSE: AIXA; OTC: AIXNY), a leading provider of deposition equipment to the semiconductor industry, today announced its financial results for the first quarter 2017.
Total revenues for Q1/2017 increased to EUR 53.6m (Q1/2016: EUR 21.4m; Q4/2016: EUR 89.8m). This figure, which represents the highest Q1 revenues since 2011, was supported by a solid order backlog and mainly driven by demand for production systems for Opto and Power Electronics, LEDs, as well as for Memory applications.
The free cash flow of EUR 33.3m in Q1/2017 improved by EUR 53.6m on the previous year (Q1/2016: EUR -20.3m; Q4/2016: EUR -4.9m). This was mainly due to the collection of receivables as well as advanced payments received from customers.
Order intake in Q1/2017 came to EUR 61.9m, 39% higher than in the previous year (Q1/2016: EUR 44.4m; Q4/2016: EUR 60.5m). This was due to consistently high demand of Equipment for LED, telecom and optoelectronic applications.
As of March 31, 2017, the equipment order backlog totaled EUR 87.6m, a 12% increase on the figure of EUR 78.1m at the beginning of the year (March 31, 2016: EUR 67.7m).
Cash and cash equivalents (including cash deposits with a maturity of more than 90 days) increased to EUR 193.6m as of March 31, 2017, as against EUR 160.1m as of December 31, 2016. The difference is mainly due to the collection of receivables.
Order intake in Q1/2017 came to EUR 61.9m, 39% higher than in the previous year (Q1/2016: EUR 44.4m; Q4/2016: EUR 60.5m). This was due to consistently high demand of Equipment for LED, telecom and optoelectronic applications.
As of March 31, 2017, the equipment order backlog totaled EUR 87.6m, a 12% increase on the figure of EUR 78.1m at the beginning of the year (March 31, 2016: EUR 67.7m).
Cash and cash equivalents (including cash deposits with a maturity of more than 90 days) increased to EUR 193.6m as of March 31, 2017, as against EUR 160.1m as of December 31, 2016. The difference is mainly due to the collection of receivables.
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