First Sensor AG

Annual / Quarterly Financial Statement • Mar 29, 2012

News Details

Ad-hoc | 29 March 2012 07:30

First Sensor AG: First Sensor AG publishes final figures for 2011

First Sensor AG / Key word(s): Final Results

29.03.2012 07:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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March 29, 2012

First Sensor AG publishes final figures for 2011

According to the final Group figures, First Sensor AG increased sales
significantly in the 2011 financial year, achieving its stated sales
target. Sales at the First Sensor Group increased by 44% to EUR 65.2
million (previous year: approximately 50% upturn to EUR 45.2 million). The
Sensortechnics Group, which was included in the consolidated financial
statements by First Sensor as of October 1, 2011, was responsible for EUR
12.6 million of total sales.

The operating result (EBITDA) before non-recurring expenses increased by
approximately 38% to EUR9.7 million compared to the same period of the
previous year (2010 financial year: EUR7.0 million). Correspondingly, this
results in adjusted cash EPS of EUR0.51, despite the increased number of
shares, which is a year-on-year increase of around 36%.

EBIT before transaction costs relating to the acquisition of the
Sensortechnics Group, before non-recurring expenses and before amortization
due to purchase-price allocation amounts to EUR5.7 million, a 47% increase
compared to the previous year (EUR3.9 million before amortization due to
purchase-price allocation). The Sensortechnics Group contribution to EBIT
is EUR1.4 million. The transaction costs as a result of the acquisition
amounted to a total of EUR2.6 million, of which EUR1.0 million were
expensed in financial year 2011. Amortization due to purchase-price
allocation increased as a result of the acquisition from EUR0.2 million to
EUR1.1 million. The non-recurring expenses due to integration measures
amounted to EUR2.1 million.

Equity was once again strengthened considerably thanks to the capital
increase and amounts to EUR69 million, corresponding to an equity ratio of
43% at the balance sheet date. The First Sensor Group has cash and cash
equivalents of EUR 12.8 million.

Orders on hand rose by around 200% and amounted to EUR 63.6 million as at
December 31, 2011 (previous year: EUR 21.7 million). This extremely sharp
increase is clear proof of the continued strong demand from the markets in
which First Sensor operates.

In the past financial year, First Sensor worked very successfully towards
its aim of becoming a globally-renowned, integrated industrial company for
innovative sensor solutions and establishing the necessary foundations for
further sustained growth.

In 2012, the Management Board of First Sensor AG is aiming to increase
total sales to between EUR 118 million and EUR 122 million, thus almost
doubling the around EUR 65 million sales achieved in 2011. The resulting
EBITA from purchase price allocation and before integration costs is
forecast to be between EUR 13 million and EUR 15 million.

In the following years, the Company will aim for a double-digit growth in
sales which are expected to reach the EUR150 million level by 2015 at the
latest. We are maintaining our target of an EBITA margin of 15% in the
medium term.

First Sensor AG
Executive Board

Information and clarifications by the issuer on this ad hoc disclosure
All forecasts are based on the assumption that there will not be a further
significant downturn in the global economy, disruptions to the financial
markets or measures on the part of individual governments that could
materially impact First Sensor's business activities.

The annual financial report for the year ended December 31, 2011 will be
published at www.first-sensor.com/de/investor-relations on March 29, 2012.

Further information on the Company can be found on the Internet at
www.first-sensor.com or by calling +49 30 639923-710.

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.

29.03.2012 DGAP's 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 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
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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