[High-tech LED] MOVCD equipment manufacturer AIXTRON SE's third-quarter earnings were 89.8 million euros, down 49% from the previous quarter's 175.6 million euros, compared with 212.7 million euros in the same period last year. It fell by 58%. Gross profit margin dropped from 52% last year to 44% in the previous quarter.
Of the total revenue, 86% came from equipment sales and 14% came from equipment parts sales and after-sales service. By region, 86% are from Asia, 4% from Europe, and 10% from the United States.
AIXTRON announced the backlog of order adjustments in September. The LED market is currently undergoing adjustments and there are still many uncertainties. But AIXTRON still believes that this uncertainty is only temporary. Then it will usher in the healthy and sustainable development of the LED lighting industry.
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