August 25, 2011
First Sensor AG (formerly Silicon Sensor International AG) was repeatedly able to record above-average results with publication of its half year report. Sales in the first six months of the current year increased by 41% compared to the first half of the previous year to EUR 27.2 million, even after a full year sales increase of 50% in 2010 compared to 2009. Operating result before taxes (EBIT) more than doubled to EUR 2.4 million (1.1 million in the previous year period). The result for the period rose by 151% to EUR 1.7 million. Earnings per share rose by 160% to 26 Cent (previous year period: 10 Cent).
The increase in the operating margin (EBIT) from 6% in the previous year period to 9% reflects the first effects of our investments in the scalability of our business model.
Besides, in the past weeks major increases in production volume and extension of contract periods of two bulk orders were announced. With its increase in size, First Sensor becomes more attractive to major customers. Moreover, the marketing of own products will start in the second half of the year.
The good results achieved in the in the first half of the year and the beginning success of our investments in scalability and growth confirm our short and mid-term forecast issued at the beginning of the year: the company continues to expect sales in the 2011 business year to exceed the EUR 50 million threshold and reach levels of between EUR 51 and 55 million, while the operating margin (EBIT margin) should amount to at least 10%. In the subsequent years, too, the strong growth in sales of 20% is expected to be maintained. In the long term, the realization of economies of scale from the investments we have made should give rise to a 15% increase in the operating margin (EBIT margin).
The full report will be published on August 25, 2011 at www.first-sensor.com.
Further information about the First Sensor Group can be found on our website
www.first-sensor.com or at 0049-30-639923-710.
First Sensor AG
Board of Directors
About First Sensor
First Sensor AG is a leading supplier of custom sensor solutions for highly sophisticated requirements addressing Life Science, Industrial, Mobility, Security and Aerospace markets. In 2010 First Sensor had € 45.2 million in sales, employing more than 400 people worldwide. Founded 1991 in Berlin, Germany, First Sensor AG has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN 720190 Ι ISIN DE0007201907 Ι SIS].
In a few steps quickly and conveniently to the right product.
Please search by complete product numbers, e.g. CTE7005GY4 or 501430. In order to increase the number of search results, please search by part of the product number only, e.g. CTE7.