First Sensor AG

Earnings Release • Mar 14, 2006

News Details

Ad-hoc | 14 March 2006 13:16

Silicon Sensor International AG: Preliminary year-end results for 2005 better than expected

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Preliminary year-end results for 2005 better than expected March 14, 2006 The Silicon Sensor Group’s 2005 results did not, as expected, match the extraordinarily positive results in 2004 because the sales development in the last business year was influenced by sales projected for 2005 being accounted for in 2004. Aspects which have had a negative impact on the Silicon Sensor Group’s positive business development are the first-time adoption of IFRS 2, the discharge of pension obligations, customer product range restructuring measures and the resulting changes to their delivery request patterns. Nevertheless, we are delighted to report profitable business development. We realized growth of sales of around 14% compared with last year from € 13.84 million to approximately € 16 million. EBIT remained at an almost constant level, declining slightly from € 2.2 million (Dec. 31, 2004) to around € 2.1 million (Dec. 31, 2005). The EBIT margin is around 13%. Last year, earnings before interest and taxes also declined slightly from € 1.48 million (Dec. 31, 2004) to € 1.35 million (Dec. 31, 2005). Earnings per share in the period under review were approx. € 0.53, which is only € 0.12 less than EPS in the same period last year (Dec. 31, 2004: € 0.65). Fortunately, back orders increased by around 25% to € 10.20 million at Dec. 31, 2005 compared with € 8.18 million at Dec. 31, 2004. The Silicon Sensor Group’s end-of-year staffing level rose from 102 (Dec. 31, 2004) to 215 at Dec. 31, 2005. The Silicon Sensor Group’s acquisition of Microelectronic Packaging Dresden GmbH is an important step towards establishing a strong position in the market for the development and production of customized optical high end sensors and microsystems technology. We intend to almost double our sales to around € 30 million in 2006 and to realize EBIT of € 3.5 million. In subsequent years, we expect further solid, two-digit growth of sales and revenues. All figures reflect the current and provisional status of the consolidated annual financial statements and may be amended on the basis of audit findings. The complete annual report will be published on March 29, 2006. Silicon Sensor International AG The Executive Board (c)DGAP 14.03.2006 ————————————————————————— language: English emitter: Silicon Sensor International AG Charlottenstraße 57 10117 Berlin Deutschland phone: +49 (0)30 2094-5710 fax: +49 (0)30 2094-5719 email: ir@silicon-sensor.de WWW: www.silicon-sensor.com ISIN: DE0007201907 WKN: 720190 indexes: stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————