Ad-hoc | 26 August 2010 07:51
Silicon Sensor International AG / Half Year Results
26.08.2010 07:51
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc message § 15 WpHG
Silicon Sensor International AG, Peter-Behrens-Straße 15, 12459 Berlin
Frankfurter Wertpapierbörse, Prime Standard
German Security no. 720190, ISIN DE0007201907
Half year results confirm sustainable profitable business development
Berlin, August 26th, 2010
Silicon Sensor International AG half year results confirmed the group's
profitable growth path. Half year sales were 19.3 million Euro and, thus,
47 % above the level of the 2009 reference period (13.1 million Euro).
Sales almost reached the level of the pre crisis year 2008 (20.6 million
Euro). Operating result (EBIT) of the six months period 2010 amounted to
1.1 million Euro compared to the operating loss of 0.8 million Euro which
had to be suffered in the first half of 2009. Half year results could also
be improved considerably: After a loss of 1.0 million Euro in the first six
months 2009 a profit of 0.7 million Euro was achieved in the 2010 period.
This leads to earnings per share of 0.10 Euro (-0.23 Euro in the reference
period 2009).
Operating result of the second quarter 2010 amounted to 0.6 million Euro
and not only exceeded the result of the first quarter 2010 (0.5 million
Euro) but also considerably the level of the second quarter 2009 (-1.1
million Euro). The third consecutive profitable quarter confirms the
recurrence of the company to the profitable growth path after the 2008 and
2009 periods which were marked by the global financial crisis. Order
backlog increased by 76 % to 21.3 million Euro compared June 30th, 2009.
Total equity of 36.5 million Euro (which means an equity ratio of 57 %) and
liquid funds of 13.1 million Euro as of June 30th, 2010 perfectly enable
Silicon Sensor to further develop its core business and to exploit the
manifold opportunities for external growth.
The sustainability of our profitable business development, the increase of
our order backlog, the upcoming results of our expanded sales department
and our more than 50 R&D projects, the potential of our latest acquisitions
and the outcomes of our cost cutting and efficiency programmes give reason
to reconfirm our forecast, which has been revised upwards in spring this
year: For the current financial year we forecast sales between 38 and 40
million Euro with a seven digit EBIT and annual organic growth for the next
three years of 20 % with return on sales above 10 % at 2012 at the latest.
The complete quarterly report can bee seen at
http://www.silicon-sensor.de/ir.php. For more information about the company
please visit our website at: http://www.silicon-sensor.com or call
+49-(0)30/63 99 23-710
Silicon Sensor International AG
Board of Directors
About Silicon Sensor
The Silicon Sensor Group is one of the worldwide leading developers and
producers of high quality customer specific sensor solutions meeting the
highest demands on technical excellence, reliability and precision. These
sensor solutions are decisive components of the products and applications
of our end customers. Examples are electronic yardsticks, tank pressure
sensors, solar altitude sensors and camera systems for vehicles, air
conditioning systems, X-ray units for baggage inspections, machine control
systems, space research, cancer operations, toll systems and measuring
instruments in the pharmaceutical industry.
Silicon Sensor develops and produces at different sites in Germany: at its
head office in Berlin, in Dresden and in Oberdischingen/ Ulm. In the US,
the group is represented in Westlake Village (California). Currently,
Silicon Sensor has more than 300 employees worldwide. The company is listed
in the Prime Standard of the German Stock Exchange (Frankfurt).
26.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Silicon Sensor International AG
Peter-Behrens-Straße 15
12459 Berlin
Deutschland
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@silicon-sensor.de
Internet: www.silicon-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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