DGAP-News: First Sensor AG / Key word(s): Miscellaneous
Q1 2019: Provisional Figures Confirm Growth and Profitability Targets of First Sensor AG
According to provisional figures, the First Sensor Group successfully concluded the first quarter of 2019. Sales are expected to be around EUR41 million and are therefore roughly 20% higher than in the previous year. These sales were achieved with a level of profitability that was further improved compared with Q1 2018 and 2018 as a whole. Thus EBIT is likely to reach EUR4 million. That would equate to an EBIT margin of 9.8%.
The profitable growth of the first quarter was driven by customer-specific solutions and standard sensors for the target markets Industrial and Medical, in which sales - at EUR22.2 million and EUR9.8 million respectively - were increased by more than 30% compared with Q1 2018. At the same time, internationalization also continues to advance, with sales up by more than 50% in both North America and Asia. In a geopolitical environment marked by continued volatility, the Mobility target market shows a decline in sales of around EUR1.4 million as at the reporting date due to call-off orders from framework agreements being postponed.
For the remainder of the year, the Management Board confirms that it expects to achieve sales of between EUR160 million and EUR170 million and an EBIT margin of between 8.5% and 9.5%. Drivers for this will be sensors and sensor solutions from the product groups photonics and pressure in particular.
The Q1 2019 Report will be published on May 14, 2019.
About First Sensor AG
02.05.2019 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, Tradegate Exchange|
|EQS News ID:||805815|
|End of News||DGAP News Service|
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