Ace Q1 18 years of earnings, net profit rose 191%

Yesterday (26 days), the leading global semiconductor industry strong deposition equipment supplier Ace (AIXTRON) announced the first quarter of 2018 (2018 1-3) performance report.

During the reporting period, AIXTRON revenues of 62 million 400 thousand euros (about 481 million yuan), compared with the same period last year to 53 million 600 thousand euros (about 413 million yuan) an increase of 16%; net profit of 12 million 300 thousand euros (about 94 million 818 thousand and 200 yuan), compared to -1350 million euros in the same period last year increased 191%.

2018 first quarter revenue of equipment revenue amounted to 50 million 800 thousand euros (up 17%), accounting for 81% of total revenue, 14% of which came from the production of LED equipment; accessories and services revenue amounted to 11 million 600 thousand euros (up 15%), accounting for 19% of total revenue. According to the geographical division of Asia, Europe and the United States respectively 46%, 38% and 16% of revenue contribution.

In the vertical cavity surface 3D sensor technology or optical data transmission emitting lasers (VCSEL) drive system MOCVD laser application continued demand, total orders in the first quarter of 2018 (including accessories and services) reached 78 million 600 thousand euros, an increase of 27%, an increase of 20%.

The first quarter of 2018, free cash flow over the same period last year (34 million 600 thousand euros) to reduce the 55 million 700 thousand euros for -2110 million euros. In addition, Ace 1Q18 gross profit of 26 million 800 thousand euros, an increase of 97%; the gross profit margin of 43%, an increase of 18 percentage points compared with 1Q17.

A quarter of the current situation and order based on the management of fiscal year 2018 is expected to achieve revenue 230 million -2.6 billion, gross margin of 35%-40%.

Ace CEO Bernd Schulte, commented: "we have a good start for the new year happy, Ace 1Q18 is strong since 2011 the most strong performance in the first quarter, revenue and orders increased further, which makes February released in 2018 is expected to be more determined. We expect 2018 earnings and EBIT will be close to the upper limit of the corresponding expected."

"Ace currently has very good market position in the laser and special LED applications, and has a bright prospect of the technology in the field of power electronics equipment. In the medium term, we expect the power electronic products gallium nitride and silicon carbide will bring the enormous potential for the company based on." Ace CEO Felix Grawert added. (compiled: LEDinside Nicole)

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