According to preliminary figures, Silicon Sensor's sales reached €45.2 million in the last financial year. A good fourth quarter contributed to the company once again clearly surpassing the forecast for 2010, which had already been revised upward twice. Compared to the same period of the previous year, this corresponds to growth of 50%. Silicon Sensor's portfolio and positioning as an integrated industrial company for the development and production of high- quality sensor solutions along the entire value chain was particularly valued by existing customers. The operating result before interest and taxes (EBIT) is expected to be €3.5 million, in contrast to the loss totaling €1.1 million during the crisis year of 2009. The annual surplus amounts to minimum €2.0 million (previous year: -€1.7 million), which results in earnings per share of minimum €0.30 (previous year -€0.36). Five positive quarters in succession emphasize that Silicon Sensor has finally processed the effects of the worldwide financial crisis and accelerated the growth trend. This is underlined by the increase of 40% in orders at hand to €21.2 million as per 12/31/2010 compared with the previous year's closing date.
Liquid funds of €14 million ensure future growth financing and equity of €38 million (equity rate of 57%) forms a very solid basis for business. The effects of investments made in the past two years into expanding production efficiency, research and development expertise, reinforcing our technologically sound sales department as well streamlining measures within the organization are increasingly becoming noticeable. Business scalability is expected to increase further within the next years and be further extended by merging production processes and centralization.
All figures correspond to the current status of finalization processes and may have changed by the publication date of final figures.
The final results and complete business report will be published on March 30th at www.silicon- sensor.de/ir.php. For more information on the company, please visit com or call us on: +49 30 639923-710.
Silicon Sensor International AG
Board of Directors
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