Germany's Aixtron reports solid Q2 results and raises FY outlook
07:41 27/07/2023
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Aixtron SE
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July 27 (Reuters) - German chip systems manufacturer Aixtron raised its full year 2023 outlook, driven by solid second quarter results and the highest quarterly order intake in over a decade.
The company now sees full year revenues in the range of 600-660 million euros ($666 million-$732 million) and order intake between 620-700 million euros, slightly higher than the company expected in February.
The deposition equipment provider's Q2 revenue came in at 173.5 million euros, a 24% beat to average expectations of analysts polled by Refinitiv.
($1 = 0.9013 euros)
(Reporting by Paolo Laudani, Amir Orusov, Anastasiia Kozlova and Anna Mackenzie; Editing by Jacqueline Wong)