First Sensor enjoyed a very successful first six months of its new financial year. Sales more than doubled in the first half-year, partly as a result of the acquisition carried out last year. They rose by 107% from €27.2 million to around €56.2 million.
In the first half-year, First Sensor attained an operating result (EBITDA) of around €7.3 million before integration costs. This was an increase of over 75% on the previous year’s figure (€4.17 million).
Excluding integration costs and the amortization expense from purchase price allocation, earnings per share rose by around 8% to €0.28 in the first half of 2012 (previous year €0.26).
To accelerate the integration process, the Executive Board of First Sensor AG has launched the consolidation program “ONE FIRST SENSOR” with the approval of the Supervisory Board. Long-term savings of €4 million are to be made in the next 12 months in the context of the program. The consolidation program “ONE FIRST SENSOR” is aimed at establishing efficient, long-term-oriented management of all business processes in order to make the company better equipped for the future and strengthen its market opportunities. It will lead to a long-term improvement in operating profitability whilst forming the basis for further profitable growth. The Executive Board expects figures to improve by several million euros on a long-term basis, starting as early as 2013.
Orders on hand rose by around 146% year-on-year to €70.8 million in the first six months. The €2.5 million increase in orders on hand compared with the 1st quarter of 2012 is particularly pleasing, underlining the positive outlook for the 2nd half of 2012. There is also the prospect of further major orders from customers in the near future.
All figures reflect the current and provisional status of the consolidated financial statements and may be amended on the basis of audit findings. The complete halfyear report will be published on August 30, 2012.
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