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German chip equipment maker
Aixtron said on Tuesday its second-quarter operating
loss had narrowed due to cost cuts and increased demand from
makers of energy efficient light-emitting diode (LED) for its
products.

The company said its loss before interest and tax for the
three months through June narrowed by 3 percent to 10.6 million
euros ($14.2 million). Analysts in a Reuters poll had, on
average, expected a loss of 9.9 million euros.

The company said it still expected 2014 revenue to remain
flat compared with last year's 182.9 million euros, while its
operating result would improve but remain in the red.

"Demand for LEDs is growing partially due to a wide range of
new LED lighting products being sold into warehouses and stores,
especially into regions such as China," said Aixtron's Chief
Executive Martin Goetzeler.

His remarks echoed those of Philips, which said
last week more customers were switching to its LED products at
the cost of traditional light bulbs.

Aixtron shares are indicated to open 0.9 percent higher,
with the German blue chip index seen up 0.2 percent.

($1 = 0.7447 Euros)

(Reporting by Harro ten Wolde; Editing by Christoph Steitz and
Mark Potter)