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The AIXTRON Share

AIXTRON’s share price experienced significant volatility during 2012, reflecting a general uncertainty in the equity markets and, more specifically, because of an ongoing hesitancy by LED manufacturers to invest into new manufacturing capacity.

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The AIXTRON share price started the year well, increasing nearly 50% within the first quarter to reach a 2012 high of EUR 14.45 (USD 19.15) on March 15. However, despite a positive tone from AIXTRON Management when Q1/2012 results were released at the end of April, growing concerns on Eurozone fiscal stability dominated the wider stock markets, causing a decline in major indices and AIXTRON’s share price.

When the Company reported its H1/2012 results at the end of July, AIXTRON’s share price rallied once again. Expectations of an imminent order recovery were further fuelled by announcements from LED manufacturers, reporting high production utilization rates. The rally however was short-lived. In reviewing the outlook, AIXTRON Management concluded that with LED manufacturers remaining hesitant to invest in new equipment, AIXTRON would not be able to achieve profitability during 2012 and advised the markets of that consequence when reporting the Q3 results in October.

In Q4/2012, AIXTRON’s share price continued to drift lower, on the back of lower-than-expected order intake increase and the 2012 year end loss making guidance given by Management, reaching a 2012 low of EUR 8.71 (USD 11.42) on December 12, 2012. This was against a generally positive macro trend in the quarter, as equity markets acknowledged the combined effort by major economies to tackle the on-going fiscal challenges.

AIXTRON shares ended the year at EUR 8.88 (-9.9% year-on-year) in Germany and USD 11.95 (-5.9% year-on-year) in the US (versus 2011 closing prices of EUR 9.85 and USD 12.70), resulting in a market capitalization of approximately EUR 900 million. In comparison, the TecDAX® Index increased by 21.4% from 682.4 points to 828.1 over the year and the NASDAQ Composite® Index increased by 16% from 2,605.2 points to 3,019.5 points at the end of 2012.

AIXTRON shares are listed in the PRIME STANDARD segment of the Frankfurter Wertpapierbörse and – in form of American Depositary Shares – on the NASDAQ® Global Select MarketSM. In line with the US listing requirements, AIXTRON complies with strict American transparency guidelines. Shares are included in many important indices, such as the TecDAX®, the NASDAQ Composite® and the STOXX® 600 Index. In addition, it is included in sustainability indices, such as the Dow Jones Sustainability Index and the Natur Aktien Index.

AIXTRON Management has decided for and from fiscal year 2012, for both cost reduction and environmental benefits reasons, that the Company will no longer routinely print and circulate the AIXTRON annual report, thereby significantly reducing CO2 emissions of about 5 tons. The Company however remains fully committed to ensure that all of the necessary information disclosure and transparency requirements are complied with. The new online report, available directly via the Company’s website, provides even additional features and functionality, including custom configuration options and comparisons of key figures. We believe that this change represents a more modern and improved service to our shareholders and we remain fully dedicated to providing our shareholders and the capital markets with accurate, timely and relevant information on both our own direct business and general market developments. In addition AIXTRON remains committed to complying with principles of good CORPORATE GOVERNANCE.

We continue to regularly publish press releases and key financial figures into the public domain that inform shareholders and the capital markets on the current status, environment and perceived outlook for AIXTRON’s business. In addition, AIXTRON regularly participates in numerous major investor conferences and road shows in the world’s most important financial centers. Through these conferences, it hosts discussions on current financial results, strategies, products, as well as industry and market trends with institutional and private investors, journalists and financial analysts. At year-end 2012, a total of 30 analysts (2011: 35), of whom 21 are based in Europe and nine in the US, commented on the Company on a regular basis as part of their official coverage of the stock.

During fiscal year 2012, AIXTRON logged over 164 man-days reporting to the financial markets through Company visits, individual meetings, investor conferences and road shows worldwide, conducting close to 500 personal discussions and teleconferences with leading players in the financial markets. On request, the Investor Relations department also sent out over 420 annual reports during the year and additionally maintained an active dialogue with many individual and institutional shareholders and stakeholders.

In 2012, AIXTRON’s investor relations work was once again recognized by the annual survey of Thomson Reuters Extel and the German Investor Relations Association DIRK. According to fund managers and buy-side and sell-side analysts worldwide, AIXTRON was ranked number three among all TecDAX® companies (2011: rank 2), receiving the award at the 2012 German IR Prize Ceremony in Frankfurt in June.

AIXTRON’s Executive and Supervisory Boards were very pleased at being able to welcome, yet again, a significant number of shareholders to AIXTRON’s Annual General Meeting. On May 16, 2012, more than 500 shareholders and visitors attended the meeting in Aachen, many of whom regularly attend the Company Meeting, and the Company’s Management provided them with a comprehensive report on the status and prospects of the Company.

As of December 31, 2012, approximately 22% of AIXTRON’s shares were held by private individuals, with around 78% held by institutional investors. While most of the private shareholders are based in Germany, the majority of institutional investors (around 25%) are in the UK, followed by the US (19%) and Germany (16%). The remaining investors are located throughout other parts of Europe and the rest of the world. In 2012, AIXTRON’s largest, non-institutional shareholder continued to be Camma B.V. (Renesse, Netherlands), holding 7.5% of AIXTRON stock. Around 92.5% of the shares were free float, according to the definition of the Deutsche Börse. As of December 31, 2012, AIXTRON’s shares ranked number 10 in market capitalization (December 2011: 6) and number 1 in transaction turnover (December 2011: 1) in the Deutsche Börse TecDAX® Technology Index Ranking.

At the year-end, the following investors had shareholdings in AIXTRON SE exceeding the 3% reporting threshold (shares held as of the reporting date, pursuant to Section 26 (1) of the GERMAN SECURITIES TRADING ACT/WpHG):

// Camma B.V., Renesse, Netherlands 7.5%
// Allianz Global Investors Europe GmbH, Frankfurt am Main, Germany, 5.1%
// Baillie Gifford & Co, Edinburgh, UK, 5.0%
// Vanguard International Growth Fund, Wayne, USA, 3.3%
// Generation Investment Management LLP, London, UK, 3.0%

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