Ad-hoc | 14 March 2006 13:16
Silicon Sensor International AG: Preliminary year-end results for 2005 better than expected
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Preliminary year-end results for 2005 better than expected
March 14, 2006
The Silicon Sensor Group’s 2005 results did not, as expected, match the
extraordinarily positive results in 2004 because the sales development in
the last business year was influenced by sales projected for 2005 being
accounted for in 2004. Aspects which have had a negative impact on the
Silicon Sensor Group’s positive business development are the first-time
adoption of IFRS 2, the discharge of pension obligations, customer product
range restructuring measures and the resulting changes to their delivery
request patterns. Nevertheless, we are delighted to report profitable
business development. We realized growth of sales of around 14% compared
with last year from € 13.84 million to approximately € 16 million. EBIT
remained at an almost constant level, declining slightly from € 2.2 million
(Dec. 31, 2004) to around € 2.1 million (Dec. 31, 2005). The EBIT margin is
around 13%. Last year, earnings before interest and taxes also declined
slightly from € 1.48 million (Dec. 31, 2004) to € 1.35 million (Dec. 31,
2005). Earnings per share in the period under review were approx. € 0.53,
which is only € 0.12 less than EPS in the same period last year (Dec. 31,
2004: € 0.65).
Fortunately, back orders increased by around 25% to € 10.20 million at Dec.
31, 2005 compared with € 8.18 million at Dec. 31, 2004. The Silicon Sensor
Group’s end-of-year staffing level rose from 102 (Dec. 31, 2004) to 215 at
Dec. 31, 2005.
The Silicon Sensor Group’s acquisition of Microelectronic Packaging Dresden
GmbH is an important step towards establishing a strong position in the
market for the development and production of customized optical high end
sensors and microsystems technology. We intend to almost double our sales
to around € 30 million in 2006 and to realize EBIT of € 3.5 million. In
subsequent years, we expect further solid, two-digit growth of sales and
revenues.
All figures reflect the current and provisional status of the consolidated
annual financial statements and may be amended on the basis of audit
findings. The complete annual report will be published on March 29, 2006.
Silicon Sensor International AG
The Executive Board
(c)DGAP 14.03.2006
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language: English
emitter: Silicon Sensor International AG
Charlottenstraße 57
10117 Berlin Deutschland
phone: +49 (0)30 2094-5710
fax: +49 (0)30 2094-5719
email: ir@silicon-sensor.de
WWW: www.silicon-sensor.com
ISIN: DE0007201907
WKN: 720190
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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