Strong demand for MOCVD equipment, Ace strong Q3 profit continued

Yesterday (30), the world's leading semiconductor industry equipment supplier Ace strong (AIXTRON) announced the first nine months and third quarters of 2018 performance report.

Revenue: in the first nine months of 2018, revenue grew by 3% over the previous year, reaching 180 million 900 thousand euros (about 1 billion 429 million yuan). Revenue in the third quarter increased to 63 million 400 thousand euros (about 500 million yuan).

Gross profit and gross profit margin: gross profit and gross profit margin increased in the first nine months of 2018, up to 78 million 200 thousand euros (about 618 million yuan) and 43% respectively. Compared with the second quarter, the gross profit of the third quarter increased to 27 million 600 thousand euros (about 218 million yuan), which was consistent with the growth of revenue, while the gross margin remained stable at 44%. This has benefited from positive products and regional portfolios, the dollar's exchange rate with the euro, and the positive impact of higher sales in the third quarter.

Orders: orders, including spare parts and services, increased by 16% over the same period last year, reaching 233 million euros (about 1 billion 840 million yuan). This is mainly due to the continuous demand for the production of power electronics, laser and ROY LED MOCVD systems, such as vertical cavity surface emitting lasers (VCSEL) or suitable for 3D sensing or optical data transmission. Emission laser (EEL).

Pre tax profit (EBIT) increased from EBIT to 20 million 700 thousand euros (about 163 million yuan) in the first nine months of:2018. Compared with the second quarter, the EBIT in the third quarter doubled to 8 million 700 thousand euros (about 68 million 730 thousand yuan).

Net profit: net profit in the first nine months of 2018 increased to 27 million 700 thousand euros (about 219 million yuan) compared with last year, and was positively affected by the deferred tax of 4 million euros in the third quarter of 2018. Compared with the second quarter, net profit in the third quarter increased sharply to 11 million 700 thousand euros (about 92 million 440 thousand yuan).

"We are very satisfied with the wide application of orders to ROY LED, lasers and power electronics," said Dr. Bernd Schulte, Ace's chief executive. 2018 in the third quarter, the continuation of the positive development of the overall business means that the order and revenue of our 2018 will be at the upper limit of the expected target area, which is the best result since 2011, and this is also an incentive for the future. In addition, we have recently signed a joint venture agreement with IRUJA, and we have successfully completed the strategic adjustment of the group structure so as to achieve sustainable profitability. (Editor: LED net James)

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