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DGAP-Adhoc: First Sensor AG: First Sensor AG raises guidance for EBIT margin following strong third quarter

DGAP-Ad-hoc: First Sensor AG / Key word(s): Change in Forecast
First Sensor AG: First Sensor AG raises guidance for EBIT margin following strong third quarter

14.10.2016 / 16:21
Disclosure of an inside information according to Article 17 MAR.
The issuer is solely responsible for the content of this announcement.


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
First Sensor AG is one of the world's leading suppliers in the field of sensor systems. Our company develops and manufactures standardized and customized sensor solutions for applications in the Industrial, Medical and Mobility growth markets. With over 800 employees, we are represented at six German locations and also have development, production and sales sites in the USA, Canada, Singapore, China, the Netherlands, Great Britain, France, Sweden and Denmark along with a worldwide partner network. First Sensor AG is a German public limited company and has been listed in the Prime Standard of the German stock exchange in Frankfurt since 1999. For more details on First Sensor, please visit www.first-sensor.com.

First Sensor AG contact:
Peter-Behrens-Str. 15 Corinna Krause
12459 Berlin E-Mail: ir@first-sensor.com
Deutschland T +49 30 639923-571


14.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-760
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service

511733  14.10.2016 

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems and part of TE Connectivity. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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