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DGAP-News: First Sensor closes 2018 with further improvement in profitability

DGAP-News: First Sensor AG / Key word(s): Preliminary Results
First Sensor closes 2018 with further improvement in profitability

01.02.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


Corporate News
Februar 1st, 2019

First Sensor closes 2018 with further improvement in profitability


Provisional figures indicate that the First Sensor Group closed fiscal year 2018 in line with its planning (sales of EUR 150-160 million, EBIT margin of 7-9%). Sales are expected to amount to EUR 155.1 million, up around 5.2% on the previous year. These sales were generated with a further improvement in profitability. EBIT is thus expected to reach EUR 12.2 million, corresponding to an increase of 16%. The EBIT margin for the year as a whole will therefore come to 7.9%.

In 2019, the company anticipates continued sales growth, which will particularly be driven by sensors and sensor solutions in the photonics and pressure product groups. First Sensor also sees further potential with regard to margins, as many of the measures initiated and the start-up of new, higher-margin products are already gradually affecting profitability.

"The provisional figures for fiscal year 2018 show that we have achieved further success in implementing our strategy for profitable growth. We are now gradually seeing additional effects from our clear focus on volumes and economies of scale," says Dr. Dirk Rothweiler, CEO of First Sensor AG. "By focusing on our three target markets, key customers and key products, forward integration, and our sales regions DACH (Germany, Austria, Switzerland, and Liechtenstein), Europa, North America, and Asia, we will keep on to further increase the Group's growth and profitability in the coming years."

In addition to economies of scale, a further improvement in profitability will be achieved by means of further integration of the Group and targeted programs to improve operational excellence. "Small-scale orders, contribution margins, lead times, and yield loss are just a few of the topics on which we are working systematically to take our profitability up to a new level. By 2020, we expect to be generating a consistent EBIT margin of 10% already," emphasizes CFO Dr. Mathias Gollwitzer.

The profitable growth in the past fiscal year was driven by customer-specific solutions and standard sensors for the Industrial (+7%) and Medical (+23%) target markets and for the sales regions of North America (+11%) and Asia (+30%). Sales in the Mobility target market (-10%) reflect the volatile geopolitical developments that impacted the automotive industry over the past year.

"Sensor technology is and remains a key technology for industry, medical technology, and the automotive sector. In this context, we particularly advanced the development of our LiDAR technology. We are perfectly positioned here with our avalanche photodiodes (APD) and arrays, as shown by the recently published Global APD Report," says Rothweiler. The Mobility target market therefore remains an important growth market for First Sensor and is gaining additional impetus from trends such as automated driving and green mobility. "In the medium term, we are aiming to grow by 10% per year."

The full consolidated financial statements for 2018 will be published on March 21, 2019.

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.

 

Upcoming events
The full consolidated financial statements for 2018 will be published on March 21, 2019.

 

Printable images

First Sensor AG Executive Board: CEO Dr. Dirk Rothweiler (right) und CFO Dr. Mathias Gollwitzer (left)

(c)First Sensor AG

First Sensor AG owns the rights to the images. Please make reference to this when using the material. If you require more material, please contact us or visit http://www.first-sensor.com/en/company/press/picture-archive/index.html.

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


01.02.2019 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.
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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

771555  01.02.2019 

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. 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.

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