The Management Board of First Sensor AG is forecasting sales of €118-122 million for the current 2012 financial year, almost double the figure of around €65 million recorded in 2011. The operating result (EBITA) is expected to amount to €13-15 million. This is almost three times the preliminary operating result EBITA (before extraordinary expenses relating the acquisition of Sensortechnics and the reorganization of the First Sensor group) of approximately €5.5 million. Especially the second half of financial year 2011 was marked by several one offs. Among those were the transaction cost in connection with the acquisition of the Sensortechnics group, the complete relocation of the production facilities of First Sensor Technology GmbH from Berlin Adlershof to First Sensor’s parent plant in Berlin Oberschöneweide and the initial expenses in connection with the development of the new brand positioning of First Sensor.
The extremely high growth rates forecast for the current financial year are attributable to the Company’s continued positive business development and the effects of the acquisition. The synergies that are the aim of the acquisition will be reflected to an even greater extent over the next three years than in the 2012 financial year.
First Sensor AG is looking to achieve further substantial growth over the coming years. Sales are expected to increase to more than €150 million by 2015. At the same time, we will make every effort to ensure that we achieve our continued target of raising our EBIT margin to more than 15% as quickly as possible.
First Sensor AG
Information and clarifications by the issuer on this ad hoc disclosure
All forecasts are based on the assumption that there will not be a further significant downturn in the global economy, disruptions to the financial markets or measures on the part of individual governments that could materially impact First Sensor’s business activities.
The final results and the full consolidated annual financial report for the year ended December 31, 2011 will be published at www.first-sensor.com/de/investor-relations on March 29, 2012.
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