Earnings Release • Aug 8, 2012
Earnings Release
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News Details
Ad-hoc | 8 August 2012 07:36
First Sensor AG: First Sensor starts 2012 with renewed strength, further improvement expected for the second half-year
First Sensor AG / Key word(s): Preliminary Results
08.08.2012 07:36
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The issuer is solely responsible for the content of this announcement.
First Sensor enjoyed a very successful first six months of its new
financial year. Sales more than doubled in the first half-year, partly as a
result of the acquisition carried out last year. They rose by 107% from
EUR27.2 million to around EUR56.2 million.
In the first half-year, First Sensor attained an operating result (EBITDA)
of around EUR7.3 million before integration costs. This was an increase of
over 75% on the previous year's figure (EUR4.17 million).
Excluding integration costs and the amortization expense from purchase
price allocation, earnings per share rose by around 8% to EUR0.28 in the
first half of 2012 (previous year EUR0.26).
To accelerate the integration process, the Executive Board of First Sensor
AG has launched the consolidation program 'ONE FIRST SENSOR' with the
approval of the Supervisory Board. Long-term savings of EUR4 million are to
be made in the next 12 months in the context of the program. The
consolidation program 'ONE FIRST SENSOR' is aimed at establishing
efficient, long-term-oriented management of all business processes in order
to make the company better equipped for the future and strengthen its
market opportunities. It will lead to a long-term improvement in operating
profitability whilst forming the basis for further profitable growth. The
Executive Board expects
figures to improve by several million euros on a long-term basis, starting
as early as 2013.
Orders on hand rose by around 146% year-on-year to EUR70.8 million in the
first six months. The EUR2.5 million increase in orders on hand compared
with the 1st quarter of 2012 is particularly pleasing, underlining the
positive outlook for the 2nd half of 2012. There is also the prospect of
further major orders from customers in the near future.
All figures reflect the current and provisional status of the consolidated
financial statements and may be amended on the basis of audit findings. The
complete halfyear report will be published on August 30, 2012.
First Sensor AG
Executive Board
About First Sensor
First Sensor AG is a leading provider of high-quality, customer-specific
sensor solutions in the life science, industrial, mobility, security and
aerospace industries. With more than 700 employees around the world, First
Sensor is forecasting annual sales of around EUR120 million for 2012. First
Sensor was formed in Berlin 20 years ago and has been listed on the
Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN (German
Securities Code Number): 720190 Ι ISIN: DE0007201907 Ι SIS]. Further
information on First Sensor can be found on the Internet at
www.first-sensor.com.
08.08.2012 DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: [email protected]
Internet: www.first-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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