2010-08-26
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 programes 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 30 639923-710
Silicon Sensor International AG
Board of Directors
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