Semiconductor formulation maker Aixtron sees further gross sales growth after Q4 beat

Semiconductor formulation maker Aixtron sees further gross sales growth after Q4 beat thumbnail

(Reuters) – German chipmaking tools producer Aixtron on Thursday forecast further income growth for 2024, pushed by rising in seek recordsdata from for its new merchandise utilized in the production of compound semiconductors.

The company, which provides deposition tools for chipmakers, sees 2024 income in a mode of 630 million to 720 million euros ($683 million to $780 million).

Its income grew 36% to 629.9 million euros final year.

The company – whose end-markets consist of e-mobility, renewable energies, and infrastructure reminiscent of recordsdata centers – furthermore forecast an operating profit margin of 24% to 26% and a obnoxious margin of 43% to forty five% for the new year.

Its fourth-quarter income beat market expectations at 214.2 million euros, boosted by continued high seek recordsdata from for its efficient vitality electronics according to gallium nitride (GaN) and silicon carbide (SiC) applied sciences.

Analysts were expecting quarterly income of 207.6 million euros, an organization-compiled pollconfirmed.

Aixtron final September presented its new G10-GaN technology, which it said will lower production prices bigger than 25% per wafer when in contrast with outdated merchandise.

It said in October this technology ought to convey in bigger than half of the community’s GaN income in 2024.

For the first quarter, income is predicted in vary of 100 million to 120 million euros, the corporate said on Thursday.

Aixtron reported a 23% upward push in fourth-quarter catch profit to 61.7 million euros, moderately above expectations of 59.6 million.

Utterly different semiconductor tools suppliers along side Dutch-primarily based ASML, BE Semiconductor and ASM International have furthermore reported upbeat quarterly results as chipmakers lengthen their capability to meet rising seek recordsdata from.

Aixtron proposed a dividend of 0.40 euro per part for 2023, a 29% lengthen when in contrast to the outdated year.

($1 = 0.9230 euros)

(Reporting by Mateusz Dobrzyniewski and Amir Orusov in Gdansk; editing by Milla Nissi)