DGAP-Ad-hoc: First Sensor AG / Key word(s): Change in Forecast
First Sensor's Shares: ISIN DE0007201907 Ι WKN (German Securities Identification Number) 720190
First Sensor AG raises guidance for EBIT margin following strong third quarter
According to preliminary estimates for the third quarter of 2016, the Executive Board of First Sensor AG expects to exceed targets for the year as a whole.
In the third quarter of 2016, sales are expected to amount to EUR38.8 million, which corresponds to a 9.6% increase year-on-year (EUR35.4 million). This resulted in sales of EUR114.7 million for the first nine months of the current fiscal year (previous year: EUR102.6 million).
In the third quarter of 2016, the EBIT margin was above the planned target of 5% to 6% and reached around 7.4%. This equates to EBIT of EUR2.9 million in the third quarter of 2016 (previous year: -EUR0.7 million due to extraordinary effects). After the first nine months of 2016, EBIT was EUR8.4 million (previous year: EUR2.3 million) and the margin amounted to 7.3% overall.
For the year as a whole, the Management Board had anticipated sales between EUR145 million and EUR150 million and an EBIT margin between 5% and 6%. Based on the latest estimate, sales are expected to fall within the planned range at year-end, while the EBIT margin is expected to be around one percentage point above the planned margin and amount to 6% to 7%. This positive development is the result of extensive efficiency improvements.
The full quarterly report will be published on November 10, 2016.
Information and Explanation of the Issuer to this News:
About First Sensor AG
14.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||First Sensor AG|
|Phone:||+49 (0)30 63 99 23-760|
|Fax:||+49 (0)30 63 99 23-719|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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