Silicon Sensor International AG / Key word(s): Preliminary Results
16.05.2011 07:57
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Ad hoc notification in compliance with Art. 15 WpHG (German Securities
Trading Act)
Silicon Sensor International AG, Peter-Behrens-Str. 15, D-12459 Berlin
Frankfurt Stock Exchange, Prime Standard
WKN (German securities identification code): 720190, ISIN DE0007201907
Boost in profits in the first quarter underlines profitable growth trend
Berlin, May 16th,2011
Preliminary quarterly figures for 2011:
- Increase in sales by 47% to EUR 13.1 million
- Increase in EBIT by 78% to EUR 0.9 million
- Tripling of profit to EUR 0.6 million
- Order level of EUR 29.6 million, 70% higher than in the previous year
According to preliminary figures, Silicon Sensor International AG was once
again able to record high sales growth in the first quarter of the current
year, as well as a threefold increase in profit. Compared to the first
quarter of the previous year, sales rose by 47% to EUR 13.1 million. The
operating result before taxes (EBIT) showed an improvement of 78% to EUR
0.9 million. The result for the period rose from EUR 0.2 million to EUR 0.6
million.
This indicates an excellent start into the new business year for Silicon
Sensor. The growth of the order level also suggests that this momentum
looks set to continue into the coming quarters. The orders increased by 70%
to EUR 29.6 million. Moreover, a series of further important production
launches are due to take place in the forthcoming quarters. These include a
bulk order for the manufacture of high-precision camera systems for driver
assistance systems, which will run for several years and reach its full
potential in 2012, as well as the production of sensor systems for
controlling the brake boosters in almost all of the model series offered by
a leading motor vehicle manufacturer. Both of these are set to start in the
second half of the year. Marketing of the mobile particulate matter
measuring device and the third generation of our cancer cell detector will
also begin during this period.
In the past few years, the company has invested in scalability and the
growth of the business. This has involved, among other things, constructing
a new sensor plant, streamlining processes, expanding our sales and R&D
activities, improving our production efficiency through the integration of
new plants, and acquiring new product areas and technologies. Our intention
is to continue to pursue these investments over the current and forthcoming
business years. Liquid funds amounting to EUR 13.9 million and an equity of
EUR 38.5 million (equity ratio of 56%) will serve to ensure continued
growth in the future.
The positive results from the first quarter, the outlook for the coming
quarters, the planned additional production launches and the initial
effects of our investments underpin our forecast for the remainder of the
current business year and the years to come: the company continues to
expect sales in the 2011 business year to exceed the EUR 50 million mark
and reach levels of between EUR 51 and 55 million, while the operating
margin (EBIT) should amount to at least 10%. In the subsequent years, too,
the strong growth in sales of 20% is expected to be maintained. In the long
term, the realization of economies of scale from the investments we have
made should give rise to a 15% increase in the operating margin (EBIT
margin).
All figures reflect the current and provisional status of the closing and
may be subject to changes until the publication of the final numbers.
Final results and the full quarterly report will be published on May 26th
at www.silicon-sensor.com.
Further information about the Silicon Sensor Group can be found on our
website www.silicon-sensor.com or at 0049-30-639923-710.
Silicon Sensor International AG
Board of Directors
About Silicon Sensor
Silicon Sensor International AG is a leading supplier of custom sensor
solutions for highly sophisticated requirements addressing life science,
manufacturing systems, automotive, security and aerospace industries. In
2010 Silicon Sensor achieved annual sales of EUR45.2 million, employing
more than 350 people worldwide. Founded 1991 in Berlin, Germany, Silicon
Sensor International AG has been listed on the Frankfurt Stock Exchange
since 1999 [Prime Standard Î WKN: 720190 Î ISIN DE0007201907 Î SIS]. For
further information please visit www.silicon-sensor.com.
16.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Silicon Sensor International AG
Peter-Behrens-StraÃe 15
12459 Berlin
Deutschland
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@silicon-sensor.de
Internet: www.silicon-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Silicon Sensor International AG: Boost in profits in the first quarter underlines profitable growth trend
| Source: EQS Group AG