AIXTRON SE | Financials: Q3-2021 | Guido Pickert, Investor Relations - YouTube

hello everybody this is guido pickert from aixtron  i'd like to present our q3 nine months results  

that we recently published and run you through  some highlights of those first of all one of the  

major drivers is really the high order momentum  that we see we see the order momentum continuing  

from the past quarters where we were able  to report order intake levels of above 100 million  

compared to previous levels in the double-digit  range this is very very encouraging and we  

reported an order intake of 114 million in q3 and  we believe or we see no reason why this should be  

lower going forward or below 100 million going  forward over the next quarters as at least what  

we can see reason for that is we still have high  inquiry levels from customers from all different  

areas of applications that we are serving  therefore this is a as i said very encouraging  

the q3 orders were largely driven by demand from  the areas of gallium nitride power electronics  

or optical and wireless data communication as  well as by led applications the revenues that  

we reported where as scheduled above the q2 levels  we are anticipating revenues and shipments to be  

again above the q3 levels that we had in q3 we  reported around about 131 million of revenues  

those almost doubled quarter on quarter so you  see that the trend is going in the right direction  

as i said q4 revenues will be higher again than  that in the nine months period we had revenues  

of around about 248 million versus 161 a year  before and the gross margin in q3 was 43% versus 41%  

the quarter before and on the nine months period  we reported 41% gross margin versus 39% year-on-year  

our opex in the nine-month period was 60 million  compared to 53 year-on-year the year before  

we had two special effects that were influencing  this opex position one was a restructuring charge  

of our oled daughter apiva of three million  and a year ago we had an on special effect from  

operating income where we generated three million  from an effect on from a revaluation  

apart from that we had higher variable  compensation as elements influencing  

the opex figure as well as higher r&d mainly for  the area of mocvd which is our core technology  

nine months ebit almost tripled year on year this  is a very very good example of our leverage that  

we have or strong leverage that we have on higher  on higher revenues it almost tripled year on year  

to 17% ebit margin and in q3 it was even  more pronounced we had a 28% ebit margin which  

was a long time high that we recorded there and  you can imagine in q4 we still have we still  

have some potential to always also be high  nevertheless we believe in q4 we will have more  

more lower margin products that we ship and  therefore this this effect might be slightly  

might be slightly diluted nevertheless we  that all this all this revenue and all this all  

these financial figures are encouraging and we are  confident to reach the orders within our guidance  

at even at the higher end of that and we are  confident to reach the revenues required for our  

guidance and also the gross margins and the ebit  margins to give you a quick update on the corona  

situation we have that very much under control at  aixtron we have few cases only we have our supply  

chain very in very close contact and very close  to us and had only minor effects going forward the  

supply chain as such as we know is tense but we  believe we have everything under control as we are  

heavily outsourced so let's see where we end  up at the end of the year concerning our revenues  

how many tools will actually leave the factory by  31st of december we'll let you know well after  

confirming our 2021 guidance i can give you  at least a qualitative outlook to 2022. we  

will definitely start the year 2022 with a strong  order backlog meaning that will translate in  

strong h1 revenues and given that we do not see  a weakening of the inquiry levels by our customers  

we could see also orders feeding into that for the  next years for next year's revenues and therefore  

we believe the overall year will be a strong one  again where we will end up and where we believe  

the revenues and other values will be this we  will tell you when we come out with our full year  

figures on february 24 and until then we will have  to keep it qualitative the areas of demand in 2022  

that we will see driving that that direction  are again similar to what we've seen this year  

it is gallium nitride power for energy efficient  charging for energy efficient power supply it is  

also silicon carbide power for the  upcoming usage in electric vehicles and  

infrastructure applications it is partially leds or and or micro led contributing  

but it is also again to a large part lasers  for data communication for example we all are  

waiting for the glass fiber networks to be built  out to our home fiber to the home this will only  

be possible with lasers made on our tools so we  see that our customers are investing into that  

to make this possible and lasers for 3d sensing  are currently limited to a lower demand but  

that might come back to a certain degree  we don't see that in the very short term  

so it is mainly 5g and the fast data  availability the higher data volumes driving  

fast data communication and this is what we see  to remain the strongest part of optoelectronics  

with that i would like to conclude our quick run  through our q3 and nine months results and the  

outlook to 2022 as far as i could give you some  yeah i'm looking forward to talk to you again  

at the time when we come up with our full  year results and take a joint look at 2022  

thank you very much and look at aixtron  as the enabler of compound semiconductors

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