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AZ Electronic Materials reports lower sales and profits, sees softer pickup in demand

7:51 AM MDT | August 15, 2013 | Natasha Alperowicz

AZ Electronic Materials (Luxembourg) today reported a decline in first-half results on weaker sales and increased competition. AZ is a producer of high-purity specialty chemicals for the electronics market, used in integrated circuits (IC) and devices, flat-panel displays, and light-emitting diodes. Profit after tax in the six months to 30 June declined 17%, to $31.2 million, on sales down 5%, to $363.7 million. Ebitda was 12% lower, at $110.7 million, and Ebitda margin declined from 32.6% in the first half of 2012 to 30.4% in the corresponding period of this...

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