AIXTRON Optimistic as LED Market Growth Drives Consumer Profitability

AIXTRON SE announced revenues of EUR 43.9m for the first quarter of 2014, representing a year-on-year improvement of 9%.

Capacity utilization rates at leading LED manufacturers remain at relatively high levels and demand for LEDs continues to be on the rise. Despite this, there was still no noticeable increase in investments in LED manufacturing capacity expansions in Q1/2014. Thus, AIXTRON generated total revenues of EUR 43.9m for the quarter. This is a 9% increase from the EUR 40.2m in the same period last year and 14% down on the previous quarter (Q4/2013: EUR 51.1m).

Martin Goetzeler, President & Chief Executive Officer of AIXTRON SE, comments on the business environment in the first quarter: "We do sense that sentiment among customers is improving as the growth in the LED market drives the customers’ profitability. According to leading market research firms, the LED market demand will continue to grow. This positive outlook in combination with our new MOCVD tool to be launched in the second half of this year underlines our confidence in our future development.”

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