1Wk·

What is your opinion?

$AIXA (-1.64%) particularly interesting right now.

The last quarterly results were positive, with the Annual General Meeting in a few days.

1 Comment

1Wk

Aixtron's Q1 figures published on Wednesday (April 30) have caused the share price to rise, mainly because the confirmed annual forecast is now much better supported.

Sales of EUR 112.5 million (target: 90 to 110 million) were well above expectations despite a decline of 4.9%. The same applies to incoming orders, which rose by 9.9% to EUR 132.2 million. In the earnings call, CEO Felix Grawert expressed confidence that the short-term orders of EUR 140m to 210m still required to achieve the target would be collected by September at the latest. Due to the high inventory levels and the resulting short delivery times, this would be enough to convert the orders into revenue in 2025.

The majority of orders are currently coming from Asia, particularly China, where the silicon carbide business is booming. Grawert expects demand from China to remain strong in the current Q2, while customers in Europe and the USA are very cautious.

"Outside of China, visibility is simply very, very low," explains the company boss, who currently sees a "two-speed world". The strong demand for systems in the optoelectronics sector, where Aixtron is the undisputed market leader, is encouraging. The order from Dutch company SMART Photonics announced on Tuesday (May 6) underscores this trend.

Despite the recent 50% increase, the fundamental valuation of the share (EUR 12.54; DE000A0WMPJ6) is still comparatively favorable.
@dividend_dynamo_780

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