Now let me hand you over to Wolfgang for a more detailed overview of the first half of 2012 numbers. Wolfgang?
Wolfgang Breme – Executive Vice President and Chief Financial Officer
Thank you Paul and welcome also from my side. Let’s move on to slide four, the consolidated income statement. I would now like to elaborate further on a few key financial figures. I will start with the year-on-year comparison H1 2012 versus H1 2011. During the first six months of 2012, AIXTRON reported total revenues of €88.1 million, a decrease of €292.9 million or 77%, compared to €381 million in the same period last year. The most significant factor in this development was the year-on-year decrease in demand for MOCVD deposition equipment for LED applications in line with the current cyclical downturn of the industry.