Total revenue of US$363.7m (down 1% at constant currencies).
Good first half performance by Optronics (up 9% at constant currencies) offset by, as previously announced, slower underlying IC Niche markets and increased competition along with customer dispense-volume reductions in AZ's dielectric materials.
EBITDA of US$110.7m, down 10% at constant currencies. EBITDA margin of 30.4%, down 3.1 percentage points at constant currencies, as a result of unfavourable product mix within IC Niche. R&D investment also increased in Optronics.
Total R&D investment maintained at US$26.4m, 2% higher at constant currencies, reflecting AZ's continued investment in innovation. Encouraging progress made on development of new materials for next generation semiconductors and advanced displays, as well as niche applications in LED lighting and non-electronic markets.
Adjusted Profit after Tax and Earnings per Share down 16%, after a higher effective tax rate driven by an unfavourable mix of Group profit by jurisdiction.
Strong cash conversion (approximately 90%); net debt down 9% at US$300.9m although higher compared to 31 December 2012 (US$289.4m) due to first-half weighted tax payments.
Interim dividend declared of 4.0 cents per share.
