Aixtron Se Unsp/Adr

The conference is now being recorded. Ladies and gentlemen, welcome to Extron's full year and fourth quarter 2020 results conference call. Please note that today's call is being recorded. Let me now hand you over to Mr. Guido Pickert, VP of IR and Corporate Communications at Extron, for opening remarks and introductions.

Thank you very much, Operator. Let me start by welcoming you all to EXTRON's presentation of full year and Q4 2020 results. I'd like to welcome the members of our executive board, Dr. Felix Graber, Dr. Ben Schulte, and Dr. Jochen Link, who joined us last year in October, as well as our VP of Finance and Administration, Charles Russell. As indicated, this call is being recorded by EXTRON and is considered copyright material. As such, it cannot be recorded or rebroadcasted without permission. Your participation in this call implies your consent to this recording. Please take note of our safe harbor statement which can be found on page two of our results presentation slide deck as it applies throughout the conference call. You may also wish to have a look at our latest IR master presentation with additional information on Exxon's markets and its technology. Both slide decks are available on our website. This call is not being immediately presented via webcast or any other medium. However, we will place an audio file of the recording or transcript on our website at some point after the call. I would now like to hand you over to first Bernd Schulte for opening remarks.

Bernd. Many thanks Guido. Let me all welcome you to our full year 2020 results presentation. And I will start as usual with an overview of the key developments for the year before handing over to Charles for more details on our 2020 figures and Felix giving you updates on our achievements in our business areas as well as the outlook for 2021. Let me start by giving you an overview of the key developments last year on slide three. In Q4 2020, orders came in at 92 million euros, which is 30% higher than the same figure in Q3 2020. As broadly expected, revenues in Q4 were strong at 108 million euros, which was almost 70% higher than in Q3 2020. While our optoelectronics business was slightly lower in terms of revenues compared to 2019, we saw increasing demands resulting in almost doubling of the orders receiving compared to 2019. This strength was driven by both lasers for Datacom as well as for 3D sensing with a particular order strength in Q4. In power electronics, revenues and orders were up significantly, driven by strong demand for GaN power equipment. Felix will give you more details later In fiscal year 2020, we fully met our 2020 guidance with a total order intake of 301 million euros and revenue of 269 million euros. Gross margin was at 40% and EBIT margin at 13%. Let me now quickly give you an update on our potential impact of the spread of the COVID-19 disease. Our increased internal safety measures have proven effective to mitigate the risk of infection within our premises. We continue to not have recorded any significant effects related to COVID-19 on our operations and business. However, we will continue to watch the development of the global pandemic very carefully and remain to be ready to take measures if necessary. Before handing over to Charles, let me say a few words to our dividend proposal we have made due to our strong results achieved during fiscal year 2020. We, the executive board, as well as the supervisory board, propose to pay out the dividend for full year 2020 of 11 euro cents per share. This will have to be approved by our shareholders on our annual general meeting on May 19, 2021. This represents a payout ratio of 36% of our root net result, which was 34.5 million euros. At this point, let me now hand you over to Charles for a more detailed overview on the full year 2020 numbers. Charles?