In the second quarter of 2008 (QII/2008) the Silicon Sensor Group performed above expectations. Compared to QII/2007 the turnover grew by 15% from 9.052 Mio € to 10.456 mn €. The net income of the quarter increased disproportionately by 20% from 1.264 mn € to 1.518 mn €.
In the second quarter of 2008 the EBITDA increased by 10% from 2.725 mn € (QII/2007) to 2.999 mn € (QII/2008). The EBIT grew from 2.113 mn € (QII/2007) to 2.248 mn € (QII/2008), which means a growth by 6%. Compared to the previous year quarter (QII/2007) the net income of QII/2008 increased by 20% from 1.264 mn € (QII/2007) to 1.518 mn €.
Despite the increased number of shares the Earnings Per Share of the quarter increased by 0.03 € to 0.39 €(QII/2007: 0.36 €).
The order back log of the group shrinked by 8% to 18.963 mn € (30.06.2008) compared to the previous quarter (31.03.2008: 20.7 mn €). The variance to the previous quarter is explained by the fluctuation of orders with terms of more than one year. The total headcount increased from 280 at June 30, 2007 to 322 at present.
The new sensor production facility in Berlin will be completed accoding to schedule in August 2008. The move to the new production facilities will cause a business interruption and thus a dip in stock level, which results in lower earnings in the seond half of 2008 compared to the first half of 2008.
The complete midyear report will be published August 28, 2008. For more information visit our website at: http://www.silicon-sensor.com or call +49 30 20945710.
Silicon Sensor International AG
Board of Directors
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