First Sensor AG

Earnings Release • Mar 25, 2004

News Details

Ad-hoc | 25 March 2004 08:34

Silicon Sensor set for further growth, doubles income

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Silicon Sensor set for further growth, doubles income The Silicon Sensor group has reported solid growth for the 2003 business year, even though macroeconomic conditions did not stabilize as rapidly as expected. The gratifying news is that sales rose by about 4% on the previous year, from EUR11.55 million to EUR11.96 million and profits increased by 115%. EBITDA rose 30 % from Euro 1.857 million (Dec. 31, 2002) to Euro 2.406 million (Dec. 31, 2003), while operating income – EBIT – increased by 56% from Euro 739,000 (Dec. 31, 2002) to Euro 1.152 million (Dec. 31, 2003). The result after tax and interest improved by 115% from Euro 335,000 (Dec. 31, 2002) to Euro 720,000 (Dec. 31, 2003). Earnings per share were Euro 0.32 during the period under review, an increase of Euro 0.16 over the previous period (Dec. 31, 2002: Euro 0.16). Operating cash-flow improved by 202 % from Euro 577,000 (2002) to Euro 1.747 million (2003). The growing demand for high-end hybrid ICs and sensor systems expected by customers has not been fully reflected in the group’s order books as yet. Work on hand now amounts to Euro 8.4 million, an increase of over 18% on the previous quarter, but on an annual basis has dropped by some 4% compared with 2002 (Euro 8.77 million). The utilization of synergistic effects in affiliated companies brought the total workforce down to 101 at the year’s end (from 108 at the end of the 2002 business year). During the business year which began on Jan 1, 2004 Silicon Sensor International AG will continue its group-building effort aimed at transforming itself into a major designer and supplier of optical high-tech sensors and solutions in microsystem technology, and a technological leader in the emerging fiber optics market. In addition, technologies developed by the group itself are to be emphasized. Against the background of steeply rising sales of avalanche photo diode systems, this will mean new dimensions in the company’s turnover and profits. The complete annual report is to be published on March 25, 2004. For more details visit http://www.silicon-sensor.com or call +49(0)30 – 63 99 23 99. March 25, 2004 Silicon Sensor International AG The Executive Board end of ad-hoc-announcement (c)DGAP 25.03.2004 ——————————————————————————– WKN: 720190; ISIN: DE0007201907; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 250834 Mär 04