Report
Stephane Houri

Aixtron SE : 2020 guidance rather broad but the year is ultimately poised to be quite good (excluding the coronavirus…) - Buy rating reiterated

>Sharp rebound in Q4 2019, enabling the group to meet its sales and order guidance targets, profitability much improved. - Aixtron released its Q4 2019 results yesterday and ultimately managed to meet its 2019 guidance targets (despite some doubts). On a quarter-on-quarter basis, Aixtron achieved 42.8% q-o-q revenue growth to € 75.1m, slightly missing the consensus of € 78.1m. It also turned in a gross margin of 45% and an operating margin of 19%, which is well above...
Underlying
AIXTRON SE

Aixtron is a provider of deposition equipment to the semiconductor industry. Co.'s technology solutions are used by customers to build components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. The components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well and other technologies. Co. supplies to customers both full production-scale chemical vapor deposition systems and small scale systems for research and development use.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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