news digest ♦ compound semiconductor ♦ financial news
traditional CO2, YAG and diode lasers in material processing, medical and advanced applications. For our largest market, materials processing, the most recent market data also shows that fiber lasers represented nearly 10% of the material processing laser market in 2009 up from 7% fiber laser penetration in 2008. According to Optech estimates, the overall material processing laser market is predicted to grow by 15% in 2010“, added Dr. Gapontsev.
“We continue to believe that fiber lasers should grow even faster by playing an increasing role in many key applications and continuing to displace traditional lasers.”
“In terms of new technology, we recently announced two acquisitions that expand our product portfolio and provide us with an entry into complementary markets. During the first quarter we acquired Photonics Innovations, an Alabama-based maker of active and passive laser materials and tunable lasers.”
“The technology we acquired with Photonics Innovations enables IPG to expand our portfolio to the middle-infrared spectral range by combining it with our fiber laser technology to build new hybrid laser sources for various applications. The immediate benefit of this acquisition is reflected in the level of inquiries we are receiving from prospective customers for new Zinc Sellenide Single Frequency Tunable Lasers”, continued Dr. Gapontsev.
“Subsequent to quarter end, we also acquired Germany-based Cosytronic KG, or COSY. COSY is a specialist in joining technology with an emphasis on engineering know-how in automated welding turnkey solutions. Through this acquisition, we expect to expand our product offerings to include an innovative welding tool laser-seam-stepper that integrates seamlessly with our fiber lasers.”
The webcast will be available for a year and may be accessed on the “Investors” section of the Company’s website at www.ipgphotonics. com .
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www.compoundsemiconductor.net June 2010
AIXTRON raises full year 2010 guidance to a range of EUR 650m-700m revenues
2010 guidance raised to EUR 650m-700m revenues and circa 30% EBIT
AIXTRON AG, worldwide provider of deposition equipment to the semiconductor industry, announced the consolidated financial results for the first quarter of 2010.
Financial Highlights
Continuing healthy demand, beneficial volume effects, and a stronger US Dollar have all contributed to the positive business performance in Q1/2010. The steadily increasing revenue growth is underlined by a 31% sequential revenue increase in Q1/2010 to EUR 154.5m. The gross margin in Q1/2010 was 3 percentage points higher at 50% compared to Q4/2009. The Q1/2010 operating result increased sequentially by 38% to EUR 46.4m with a one percentage point higher EBIT margin of 30%, leading to a net result of EUR 31.8m or 21% return on sales. The Q1/2010 net income was 30% up quarter on quarter.
In a year on year comparison; AIXTRON revenues increased by 234% and the gross margin increased by 5 percentage points from 45%. The EBIT margin nearly doubled from 16% to 30% and the net income has improved by 478% with a 9 percentage points increase of net income to revenues since Q1/2009.
Q1/2010 was the fourth sequential quarter of rising order intake and revenues and the third sequential quarter of rising EBIT performance.
At the current high levels, order visibility remains healthy with the Q1/2010 order intake of EUR 168.5m representing a 3% sequential increase and a 440% increase year on year.
While the compound backlog to revenue conversion rate has been improving to 76%, the total equipment order backlog of EUR 229.9m at March 31, 2010 was 13% higher
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