2015-07-29
First Sensor AG remained on its growth path in the first half of 2015. The provider of sensor technology increased its total sales to €67.2 million in the first six months, up 13.3% on the same period of the previous year. At the level of the individual segments, the Industrial, Medical and Mobility segments also recorded double-digit growth rates of between 10.8% and 15.0%. Regional sales growth was particularly strong in the USA (+37%), Asia (+36%) and the company's domestic market of Germany (+20%).
The positive sales performance was accompanied by an improvement in the operating result (EBITDA), which increased by 11.8% year-on-year to €7.6 million despite the impact of higher procurement costs in US dollars. All in all, the First Sensor Group recorded a net profit of €1.7 million. This corresponds to an increase of around 63% on the first half of the previous year.
The Group had orders on hand of more than €98 million as at June 30, 2015, an increase of €12.3 million compared with December 31, 2014. Incoming orders declined slightly year-on-year to €78.2 million, resulting in a ratio of incoming orders to sales (book-to-bill) of 1.16.
In light of the market growth, orders on hand, incoming orders and further cost reductions in combination with the strategic and organizational reorientation of the First Sensor Group, the Executive Board is anticipating further growth in sales and earnings and is raising its forecast for 2015. The new target corridor for sales is €130-134 million (previously: €128-132 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to amount to €15-17 million (previously: €14-16 million).
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