Ad-hoc | 25 August 2011 07:49
First Sensor AG / Key word(s): Half Year Results
25.08.2011 07:49
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August 25, 2011
Above-average increase in sales and profit - operating result more than
doubles
First Sensor AG (formerly Silicon Sensor International AG) was repeatedly
able to record above-average results with publication of its half year
report. Sales in the first six months of the current year increased by 41%
compared to the first half of the previous year to EUR 27.2 million, even
after a full year sales increase of 50% in 2010 compared to 2009. Operating
result before taxes (EBIT) more than doubled to EUR 2.4 million (1.1
million in the previous year period). The result for the period rose by
151% to EUR 1.7 million. Earnings per share rose by 160% to 26 Cent
(previous year period: 10 Cent).
The increase in the operating margin (EBIT) from 6% in the previous year
period to 9% reflects the first effects of our investments in the
scalability of our business model.
Besides, in the past weeks major increases in production volume and
extension of contract periods of two bulk orders were announced. With its
increase in size, First Sensor becomes more attractive to major customers.
Moreover, the marketing of own products will start in the second half of
the year.
The good results achieved in the in the first half of the year and the
beginning success of our investments in scalability and growth confirm our
short and mid-term forecast issued at the beginning of the year: the
company continues to expect sales in the 2011 business year to exceed the
EUR 50 million threshold and reach levels of between EUR 51 and 55 million,
while the operating margin (EBIT margin) should amount to at least 10%. In
the subsequent years, too, the strong growth in sales of 20% is expected to
be maintained. In the long term, the realization of economies of scale from
the investments we have made should give rise to a 15% increase in the
operating margin (EBIT margin).
The full report will be published on August 25, 2011 at
www.first-sensor.com.
Further information about the First Sensor Group can be found on our
website www.first-sensor.com or at 0049-30-639923-710.
First Sensor AG
Board of Directors
About First Sensor
First Sensor AG is a leading supplier of custom sensor solutions for highly
sophisticated requirements addressing Life Science, Industrial, Mobility,
Security and Aerospace markets. In 2010 First Sensor had EUR 45.2 million
in sales, employing more than 400 people worldwide. Founded 1991 in Berlin,
Germany, First Sensor AG has been listed on the Frankfurt Stock Exchange
since 1999 [Prime Standard Ι WKN 720190 Ι ISIN DE0007201907 Ι SIS].
25.08.2011 DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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