Aixtron SE : Preliminary Q2 2024 results and 2024 guidance reset should come as a relief
>Preliminary Q2 2024 results in line on sales, below on the EBIT margin, but 25% above on order intake, with SiC the main contributor - This morning, Aixtron reported its preliminary Q2 2024 results. In Q2 2024, revenues were € 132m, in line with expectations (guidance € 120-140m, cons. € 134m). However, the EBIT margin was much lower than expected at ~10% with EBIT at € 13m, while the consensus was closer to 20% (EBIT of € 26m). We do not have the cost details, but i...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.
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.
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