Aixtron Se Unsp/Adr

The conference is now being recorded. Good afternoon, ladies and gentlemen, and welcome to the conference call regarding Q3 2021 results of Agestron SE. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Mr. Guido Pickett.

Thank you, Operator. Welcome to our presentation of the Q3 and 9-month figures. I'd like to welcome our CEO, Dr. Felix Grabert, and our CFO, Dr. Christian Danninger. As the operator indicated, this call is being recorded by Extron and is considered copyright material. As such, it cannot be recorded or rebroadcast 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. 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 Felix Graber for opening remarks.

Thank you, Guido. Let me welcome you all to our third quarter 2021 results presentation. I will start with an overview of the highlights in this quarter and then hand over to Christian for more details on our nine-month 2021 figure. Finally, I will give you an update on the development of our business as well as our guidance for the year. Let me start by giving you an overview of the key developments in Q3 on slide two. During Q3 2021, we saw another quarter of strong order momentum throughout all our businesses, well-balanced across applications. Gallium nitride power was the strongest contributor, but also wireless and optical data communications LED and lasers had sizable contributions. Overall orders in Q3 came in at 114 million euros. Revenues developed as expected. At 131 million euros, they were almost twice the figure we have recorded in Q2. We expect the revenue figures in Q4 to again be higher than the revenues we have recorded in Q3. and we are on track with respect to that value for Q4. Q3 gross margin was at 43%, and Q3 EBIT margin was at 28%. Both are also developing as expected. So overall, we are on track to deliver the full year order revenues and margins as we have guided to them in the market. Now let me give you a quick update on the COVID-19 situation at Extron. With Enxtron, we have had no serious COVID cases, which is very good news. As more and more people have been vaccinated and continue to take advantage of our offer to get tested, we continue to see no disruptions in any of the functions of our business. Now I will be handing over to our CFO, Christian Dunninger. He will take you through the financials of Q3 and the nine-month period. Christian?