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Aixtron Aktiengesellschaft's CEO Discusses Q2 2012 Results - Earnings Call Transcript

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.

Read the rest of this transcript for free on seekingalpha.com

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