Ad-hoc | 2 November 2005 16:24
Silicon Sensor Int. AG: Silicon Sensor – sound development
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Silicon Sensor – sound development
November 2, 2005
The Silicon Sensor group has reported sound development for the first nine
months of the 2005 business year. The acquisition of MPD Microelectronic
Packaging Dresden GmbH, a profitable enterprise, added a completely new
dimension to the group’s activities. Combined sales for 2006 are now budgeted
at about EUR30m, with EBIT reaching approx. EUR 3.5m.
As had been expected, the group did not fully repeat the excellent results of
financial year 2004 during the first nine months of 2005 (without MPD).
Positive business trends over the period under review were adversely affected
by such factors as the introduction of IFRS 2, the payment of pension
obligations, product line adjustments of customers, and non-recurring expenses
related to the MPD acquisition. It is nonetheless gratifying to report
profitable business developments for what is traditionally the weakest quarter
in a financial year. Compared with last year, sales dropped by 11%, from EUR
10.6m to EUR 9.4m. EBITDA in the first nine months fell by 16%, from EUR 2.27m
(Sept. 30, 2004) to EUR 1.9m (Sept. 30, 2005). The operating result EBIT
dropped by 21%, from EUR 1.55m (Sept. 30, 2004) to EUR 1.22m (Sept. 30, 2005).
The result after interest and tax was reduced only slightly in the first nine
months, by EUR 65,000 or 7%, from profits of EUR 910,000 (Sept. 30, 2004) to
EUR 845,000 (Sept. 30, 2005). Earnings per share were EUR 0.36 over the period
under review, or EUR 0.04 less than last year (Sept. 30, 2004: EUR 0.40).
Orders on hand in the group for the next 12 months dropped slightly, by EUR
286,000, compared with the previous quarter, with no allowance made, however,
for the order from the automotive industry which took effect later. As per the
relevant date, orders on hand went down 14% to EUR 7.72m (Sept. 30,2005)
compared with the same period last year (Sept. 30, 2004: EUR 9.0m). The
workforce was unchanged at 101 on Sept. 30, 2005 compared with last year
(Sept. 30, 2004: 101).
Sales and profit expectations for 2005 have now been raised to EUR16m and 56
cents per share, respectively.
The full nine-month report will be published on Nov. 24, 2005.
For more information visit our website www.silicon-sensor.com or call us on
030/63 99 23-99.
Silicon Sensor International AG
The Managing Board
Silicon Sensor International AG
Ostendstraße 1
12459 Berlin
Deutschland
ISIN: DE0007201907
WKN: 720190
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
End of ad hoc announcement (c)DGAP 02.11.2005