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Aixtron Q1 orders up 10%, EBIT down

By Ozan  Ergenay

April 30 (Reuters) - German chip systems manufacturer Aixtron AIXGn.DE on Wednesday reported a 10% increase in quarterly orders and confirmed its full-year guidance, saying the risks associated with the U.S. tariffs policy were "currently insignificant for the sector".

The company posted a first-quarter order intake of 132.2 million euros ($150.54 million), helped by high demand from Asia.

Aixtron, which supplies deposition equipment for chipmakers, posted a 67% drop in earnings before interest and tax (EBIT) to 3.3 million euros, partly due to expenses for staff reduction.

Revenue came in at 112.5 million euros, exceeding analysts' expectations of 102.5 million euros in a poll by LSEG.

($1 = 0.8782 euros)

 (Reporting by Ozan Ergenay in Gdansk, editing by Kirsti Knolle)

 ((Ozan.Ergenay@thomsonreuters.com;))

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