Boosted by strong growth in the medical and mobility target markets, First Sensor AG increased its sales by 9 per cent to €150.1 million in fiscal year 2016 (previous year: €137.7 million). The €150 million mark was thus exceeded for the first time. "The growth achieved in the past fiscal year not only shows that we are continuing to participate in the strong growth of sensor technology, a key technology that is essential to many innovations in different industries. In addition, this success is also the result of our commitment to excellence," says Dr. Dirk Rothweiler, CEO of First Sensor AG.
Particularly strong growth was recorded in the medical target market. In this area, sensors ensure that parts of the diagnosis and treatment can be decentralized and that medical care can increasingly be carried out in the home. Innovative developments range from medical and clinical care to eHealth applications to the miniaturization of medical technology. In the medical market sales rose by 29.2 per cent to €30.7 million (previous year: €23.8 million). Its share of total sales thus reached 21 per cent (previous year: 17 per cent).
The mobility target market also developed positively, with sales rising by 17.8 per cent to €46.9 million (previous year: €39.8 million). This represents 31 per cent of total sales (previous year: 29 per cent). First Sensor develops solutions that, among other things, will bring self-driving cars, commercial vehicles and specialized vehicles to the roads in the future.
With 48 per cent (previous year: 54 per cent), almost half of the sales generated last year come from the industrial target market. In total, First Sensor achieved €72 million (previous year: €74.1 million) with products for industrial applications. The industrial market is driven by the digitalization of economy and society. First Sensor shapes this vision of a smart future with sensors for intelligently controlled production. For example, in safety light barriers and grids they guarantee that automated processes can operate hazard-free.
In fiscal year 2017, the Management Board is expecting a sales level in the region of €140 million to €145 million due to a scheduled expiration of major order in the Mobility segment. In the medium and long term, the First Sensor Management Board therefore continues to anticipate growth rates averaging 10 per cent over the next few years.
"These expectations are supported not only by market data, but also by our many development projects, which are based on tangible customer requirements," says Rothweiler. "By focusing on the high-growth industrial, medical and mobility markets, we will continue to participate in trends such as Industry 4.0, autonomous driving and miniaturization of medical technology going forward and leverage these opportunities both quantitatively and qualitatively. To achieve this, we will boost sales and expand internationalization, initially continuing to focus on North America and China. We will generate further growth on this basis."Downloads
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