First Sensor AG

Earnings Release • Mar 30, 2011

News Details

Ad-hoc | 30 March 2011 07:24

Silicon Sensor International AG: Final results 2010 and good start into 2011 give cause to optimistic forecast

Silicon Sensor International AG / Key word(s): Final Results

30.03.2011 07:24

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Silicon Sensor International AG, Peter-Behrens-Str. 15, D-12459 Berlin,
Germany
Frankfurt Stock Exchange, Prime Standard
WKN (German securities identification code): 720190, ISIN DE0007201907

Final results 2010 and good start into 2011
give cause to optimistic forecast

March 30th, 2011

Silicon Sensor International AG today published its annual report 2010.
Compared to preliminary numbers released on February 24th, 2011 results
further improved. Sales increased by 50% to EUR45.2 million. Apart from
increasing orders from our existing customers several new projects were
realized. EBIT amounted to 3.6 million Euros after a loss of EUR1.1 million
in the previous year. A net income of EUR2.2 million was achieved after a
negative contribution of EUR1.6 million in 2009. Thus, Silicon Sensor not
only impressively turned around the loss year 2009 which was marked by the
overall economic crisis but also reentered the profitable growth path.
Earnings per share increased by EUR0.69 to EUR0.34 (previous year:
EUR-0.35). Operating cash flow improved considerably to EUR6.2 million
(previous year: EUR1.1 million). The volume of orders on hand rose by 43%
to EUR21.8 million compared with the previous year's reporting date.

The measures taken in the previous two business years concerning the
cutting of overhead cost, implementation of lean organization and extension
of sales organization and R&D activities as well as investments in the
increase of production efficiency and acquisition of growth areas like MEMS
sensors will lead to realization of scale economies in the next years.
Further investments averaging 140% of depreciation in the next three years
are planned to be undertaken especially to integrate production processes
in the Berlin location. This shall result in synergies in the fields of
production, R&D, procurement and administration. Furthermore, it is
intended to strengthen the value chain and to diversify into complementary
product areas by means of acquisition of companies and technologies and by
entering into cooperation agreements. Liquid assets amounting to EUR14.6
million and equity amounting to EUR38.0 million (equity ratio 56%) ensure
stability and the financing of further growth.

As a result of the measures taken and the good start into the business year
2011 we expect to exceed the EUR50 million threshold and achieve sales of
EUR51 to 55 million. The operational return on sales (EBIT) is to be at
least 10%. The strong sales growth of 20% is also to be maintained in
subsequent years. In the long term, the operational return on sales (EBIT
margin) is to be increased to 15%.

The complete business report can be downloaded at
www.silicon-sensor.de/ir.php. For more information on the company, please
visit www.silicon-sensor.com or call us on:
+49-(0)30/63 99 23-710.

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 had EUR45.2 million in sales, 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 Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. For further
information please visit www.silicon-sensor.com

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Language: English
Company: Silicon Sensor International AG
Peter-Behrens-Straße 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

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