DGAP-News: First Sensor AG / Key word(s): Change of Personnel
Changes to the Management Board of First Sensor AG
- CEO Dr. Martin U. Schefter to leave First Sensor AG
- CFO Dr. Mathias Gollwitzer will provisionally discharge his duties
The Chairman of the Management Board of First Sensor, Dr. Martin U. Schefter, will not renew his contract that is set to expire on 16 June 2016, but will leave the company. This is the outcome consensually agreed between the Supervisory Board and Dr. Schefter today. The decision is attributed to conflicting opinions regarding the strategic long-term orientation of the company. The duties of his board mandate will be provisionally discharged by Dr. Mathias Gollwitzer, CFO, until a successor has been appointed.
"The Supervisory Board would like to thank Dr. Martin U. Schefter for his successful work over the past three years. Under his watch, First Sensor AG embarked on a healthy growth trajectory by pursuing a consistent strategy. Today, the company concentrates on the growth markets Industrial, Medical and Mobility via its three business units. The global business was systematically expanded, central processes were optimized, and the productivity was noticeably enhanced. By consistently positioning itself, the company signaled to the market that the various production and sales locations inside and outside Germany have merged to become a homogeneous entity over the past years," said Prof. Dr. Alfred Gossner, Chairman of the Supervisory Board of First Sensor AG.
Having increased its revenues by 11.1 percent to 137.7 million euros during the 2015 financial year, the company remains on its growth trajectory with a first-quarter revenue growth of 12.7 percent. "These figures show that that our focus on technology-driven target markets already lets us participate in their exceptionally rapid growth. They also demonstrate that we are successfully developing sensors, smart sensors and sensor systems that by far exceed standard components already available on the market", says Dr. Mathias Gollwitzer, CFO of First Sensor AG. "We will continue to pursue the approach successfully initiated by Dr. Schefter as is."
For the current fiscal year 2016, the Management Board is confirming its forecast of an increase in sales to EUR145-150 million, with the EBIT margin initially expected to reach between 5% and 6%. Over the coming years the EBIT margin is to be gradually improved to 10%, while annual sales growth of around 10% is anticipated. The objective is to enhance value continuously.
About First Sensor AG
25.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|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|
|End of News||DGAP News Service|
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