Aktienkurs-First-Sensor
Financial News
We provide ongoing transparent and open information on our company’s performance and strategic focus.

Corporate news

Back to corporate news

DGAP-News: First Sensor closes 2017 successfully

DGAP-News: First Sensor AG / Key word(s): Preliminary Results
First Sensor closes 2017 successfully

16.02.2018 / 14:30
The issuer is solely responsible for the content of this announcement.


Corporate News
February 16, 2018

First Sensor closes 2017 successfully

- According to provisional figures, sales of EUR147.5 million and EBIT margin up to 7.1% exceed planning (EUR140-145 million, 5-6%)

- The course for profitable growth and operational excellence shows initial results

According to provisional figures, the First Sensor Group closed fiscal year 2017 very successfully. Sales amounts to EUR147.5 million, almost 2% above the planned range of EUR140 million and EUR145 million. Due to a more dynamic second half of the year, the operating result (EBIT margin) comes up to 7.1%. It thus considerably exceeds the originally planned level of 5% to 6%. The full consolidated financial statements will be published on March 22, 2018.

"Compared to the first half of the year, sales and profitability developed much more positively in the second half," says Dr. Dirk Rothweiler, CEO of First Sensor AG. "The success of the past fiscal year thus shows tangible results from the course for profitable growth and operational excellence."

"The progress made so far in improving profitability is very encouraging; it is based on a fundamental change in the company," adds Dr. Mathias Gollwitzer, CFO of First Sensor AG. This was partly attributable to changes in the structural organization with a focus on standard products on the one hand and product development for customer-specific requirements on the other hand. "Our management approach is based on operational proximity, professionalism and the goal of 'leading from the front'," says Gollwitzer. This understanding of operational management also resulted in the management structure being slimmed down and half of the Group's top positions being refilled with qualified managers, preferably from within the Group.

The Executive Board also expects a further increase in efficiency within the Group as a result of the standardization of core processes based on uniform ERP software as a replacement for four different ERP systems. Gollwitzer is convinced that the changes made over the past three years are among the most sustainable in the company's history.

With the strategy for profitable growth, the Executive Board has geared the First Sensor Group toward a successful future. "By focusing on our three target markets, on key customers and key products, on forward integration and dynamic sales regions, we will achieve the Group's growth combined with appropriate profitability," says Dr. Dirk Rothweiler. In the medium term, sales are expected to grow by 10% per year with a sustainable EBIT margin of about 10%. Trends such as Industry 4.0, miniaturization of medical technology and autonomous driving are increasingly leaving the research stage and more and more concrete series products are being launched. "Sensor systems are a key technology that is constantly gaining in importance. We are focusing on growing with our customers from niche business to volume business," says Rothweiler.

About the Executive Board members:
Dr. Dirk Rothweiler (54) has been the CEO of First Sensor AG since 2017. He was appointed for three years. After studying physics at RWTH Aachen and working at Fraunhofer Gesellschaft, Carl Zeiss AG, SÜSS MicroTec and the Cymer/Zeiss joint venture TCZ, Dr. Rothweiler managed the Jenoptik Group's global optics activities for several years. Since June 2017, Dr. Rothweiler has been a member of the Supervisory Board of LPKF Laser & Electronics AG.

Dr. Mathias Gollwitzer (56) was appointed as CFO of First Sensor AG for three years in 2015. With a doctorate in business administration, he began his professional career at Deutsche Aerospace AG in 1992, followed by positions at Telefunken Systemtechnik GmbH in Ulm, Daimler AG, and Mercedes-Benz France SAS in Paris. After a total of ten years at the Daimler Group in a wide variety of management roles, Gollwitzer moved to EnBW Energie Baden-Württemberg AG in Karlsruhe in 2012, where he was in charge of corporate controlling and the energy company's transformation program.

About First Sensor AG
In the growth market of sensor systems, First Sensor develops and produces standard products and customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Based on innovative technology platforms, we develop products such as chips, components, sensors, and entire sensor systems. Trends such as Industry 4.0, autonomous driving, and the miniaturization of medical technology will drive our growth extremely rapidly in the future. First Sensor was founded in Berlin in 1991 and has been listed on the Frankfurt Stock Exchange (SIS) since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN: DE0007201907 Ι SIS]. For more details on First Sensor, please visit www.first-sensor.com.

Disclaimer
Statements in this Corporate News relating to future developments are based on a prudent estimate of future events. Actual events may deviate from planned events, as they depend on a large number of market and economic factors, some of which are outside of the company's control.

Printable images
For printable images please visit https://www.first-sensor.com/en/company/press/picture-archive/. First Sensor AG owns the rights to the images. Please make reference to this when using the material.

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


16.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

655191  16.02.2018 

fncls.ssp?fn=show_t_gif&application_id=655191&application_name=news&site_id=first_sensor
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.
Competencies
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.

Search by specs

In a few steps quickly and conveniently to the right product.


Search by product numbers

Please search by complete product numbers, e.g. CTE7005GY4 or 501430. In order to increase the number of search results, please search by part of the product number only, e.g. CTE7.


Search by product name