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Changes to the Management Board of First Sensor AG

2016-05-25

-    CEO Dr. Martin U. Schefter to leave First Sensor AG
-    CFO Dr. Mathias Gollwitzer will provisionally discharge his duties

The Chairman of the Management Board of First Sensor, Dr. Martin U. Schefter, will not renew his contract that is set to expire on 16 June 2016, but will leave the company. This is the outcome consensually agreed between the Supervisory Board and Dr. Schefter today. The decision is attributed to conflicting opinions regarding the strategic long-term orientation of the company. The duties of his board mandate will be provisionally discharged by Dr. Mathias Gollwitzer, CFO, until a successor has been appointed.

"The Supervisory Board would like to thank Dr. Martin U. Schefter for his successful work over the past three years. Under his watch, First Sensor AG embarked on a healthy growth trajectory by pursuing a consistent strategy. Today, the company concentrates on the growth markets Industrial, Medical and Mobility via its three business units. The global business was systematically expanded, central processes were optimized, and the productivity was noticeably enhanced. By consistently positioning itself, the company signaled to the market that the various production and sales locations inside and outside Germany have merged to become a homogeneous entity over the past years," said Prof. Dr. Alfred Gossner, Chairman of the Supervisory Board of First Sensor AG.

Having increased its revenues by 11.1 percent to 137.7 million euros during the 2015 financial year, the company remains on its growth trajectory with a first-quarter revenue growth of 12.7 percent. "These figures show that that our focus on technology-driven target markets already lets us participate in their exceptionally rapid growth. They also demonstrate that we are successfully developing sensors, smart sensors and sensor systems that by far exceed standard components already available on the market", says Dr. Mathias Gollwitzer, CFO of First Sensor AG. "We will continue to pursue the approach successfully initiated by Dr. Schefter as is."

For the current fiscal year 2016, the Management Board is confirming its forecast of an increase in sales to €145-150 million, with the EBIT margin initially expected to reach between 5% and 6%. Over the coming years the EBIT margin is to be gradually improved to 10%, while annual sales growth of around 10% is anticipated. The objective is to enhance value continuously.

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Applications
In many market-specific applications, sensors are components that are critical to your success. First Sensor is the partner you need on projects that call for careful selection, customized adaptation and the highest standards of excellence. Our Business Units Industrial, Medical and Mobility are clearly aligned to the core markets of industrial applications, medical technology as well as automotive and transport.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Solution Services
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.