Earnings Release • Nov 10, 2008
Earnings Release
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Ad-hoc | 10 November 2008 07:42
Silicon Sensor International AG: Silicon Sensor stays on course in difficult times
Silicon Sensor International AG / Preliminary Results
Release 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.
Silicon Sensor stays on course in difficult times
November 10, 2008
2008 is a transition year for the Silicon Sensor group with the accent not
on expansion per se but on making new growth possible. It is then all the
more gratifying to report that the group's operations during the first nine
months of the 2008 business year went better than expected, despite the
continuing financial crisis and a declining world economy. The old factory
in Berlin closed down in September as planned, and staff and equipment
started moving to a new plant. Due to the great commitment of the
workforce, the move was completed in October and equipment is now being
restarted. We confidently expect to get all systems ready for production in
November. Despite these extra delays, sales in the first nine months of the
business year reached €29.48m (Sept. 30, 2007: €27.47m), a rise of 7 %.
Both EBITDA €2.03m compared with €2.00 on Sept. 30, 2007 and the operative
result EBIT of €1.29m (Sept. 30, 2007: €1.30m) remained almost unchanged
compared with last year and thus were above expectations. Non-operative tax
effects of about €1m make it difficult to compare operative net results.
These one-off effects reduced the result after interest and taxes by 24 %,
from €3.90m (Sept. 30, 2007) to €2.98m.
Due to the larger number of shares following the capital increase in 2007,
earnings per share went down by €0.32, from €1.08 (Sept. 30, 2007) to €0.76
(Sept. 30, 2008). Without the tax effects described above, the Silicon
Sensor group would have obtained almost the same result for the current
business year as it did last year. Staff rose from 294 (Sept. 30, 2007) to
330 (Sept. 30, 2008). Orders on hand for the group amounted to €18.54m
(Sept. 30, 2008) and remained almost constant compared with last quarter
(Jun. 30, 2008: €18.96m).
The complete annual report will be published November 27, 2008.
For more information please visit our webpage at:
http://www.silicon-sensor.com
or call +49-(0)30 – 20 94 57 10
Silicon Sensor International AG
Board of Directors
10.11.2008 Financial News transmitted by DGAP
Language: English
Issuer: Silicon Sensor International AG
Charlottenstraße 57
10117 Berlin
Deutschland
Phone: +49 (0)30 2094-5710
Fax: +49 (0)30 2094-5719
E-mail: [email protected]
Internet: www.silicon-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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