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Investor concerns about Aixtron: new customers in the SiC sector should reassure
At Aixtron, uncertainty about annual targets is increasing - new customers, falling orders. Analysts express concerns. Share price in the red. Energy efficient chips in focus. More trends and forecasts.
Investor concerns about Aixtron: new customers in the SiC sector should reassure
Aixtron has acquired new customers in silicon carbide (SiC) semiconductor manufacturing equipment, including one of the top 5 manufacturers. Nevertheless, incoming orders fell in the first quarter. Compared to the same period last year, orders totaled over 120 million euros, a decrease of 14 percent. However, this represents a significant slowdown compared to the strong business activity in 2023. In the first quarter, sales revenue increased by around half year-on-year to approximately 118 million euros, corresponding to earnings before interest and taxes of 9.9 million euros and a surplus of 10.8 million euros.
Aixtron's share price showed a decline after an initial rise due to order intake missing market expectations in the first quarter. Analysts have raised concerns about possible market share losses for SiC equipment, despite Aixtron pointing to new customer acquisitions. In particular, the question arises as to whether the previous weakness in orders for certain systems will continue and perhaps the lower range of the annual targets will come into focus.
Aixtron CEO Felix Grawert confirmed the 2024 targets, although uncertainties surrounding demand for SiC equipment have increased. Despite the weaker order situation for certain conduction semiconductor systems, the targeted sales revenue of 630 to 720 million euros could be achieved for 2024. For the second quarter, the company expects sales of 120 to 140 million euros.toHaveBeenCalledTimesThe focus now is on whether Aixtron will achieve the lower or upper range of this forecast.