First Sensor AG

Earnings Release • Mar 30, 2010

News Details

Ad-hoc | 30 March 2010 08:48

Silicon Sensor International AG: Forecast for 2010 raised

Silicon Sensor International AG / Final Results/Change in Forecast

30.03.2010 08:48

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

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Ad hoc message § 15 WpHG

Silicon Sensor International AG, Peter-Behrens-Straße 15, 12459 Berlin

Frankfurter Wertpapierbörse, Prime Standard

German Security no. 720190, ISIN DE0007201907

Forecast for 2010 raised

Berlin, March 30th, 2010

On the occasion of the publishing of its final year end numbers 2009,
Silicon Sensor International AG has raised its forecast for the current
financial year. Including First Sensor Technology GmbH, which will be
consolidated starting April 1st, 2010, the Executive Board expects net
sales in the range of EUR 38m to 40m and a positive seven digit EBIT for
2010. Focussing on high qualitative customer specific sensor solutions, the
distribution of own products, the increasing exploitation of synergies
within the group and the use of scale economies in the newly built modern
sensor factory in Berlin, the Silicon Sensor Group expects an organic sales
growth of at least 20 % p. a. in the next years. Return on sales should
exceed 10 % considerably by 2012 the latest.

The final 2009 financial year end numbers confirm the preliminary results
which were announced on March, 3rd, 2010. With net sales of EUR 30.2m
(2008: EUR 38.5m), a positive EBITDA of EUR 2.1m (6.7m) was achieved. The
slower than expected general economic recovery which started only in the
second half of 2010 prevented a better operating result. It was EUR -1.1m
(EUR -10.9m). Nonetheless, net sales in Q4 amounted to EUR 9.3m and a
positive operating result of EUR 0.4m was achieved. This positive trend is
continuing in Q1 2010.

Despite the fact that net result, which includes the capital cost of the
financing of the modern sensor factory in Berlin, was EUR -1.7m (EUR
-11.3m), a cash flow from operating activities of EUR 1.1m (EUR -2.6m)
could be earned. Liquid assets increased to EUR 17.1m (EUR 4.6m) a/o Dec.
31st, 2009, while bank liabilities were reduced by EUR 3.0m. Total equity
amounted to EUR 35.4m (EUR 22.4m) which means an equity ratio of 58% (42%).
Another positive fact is the increase of back orders by 15% in Q4 2009
against Q3 2009 to EUR 15.2 m.

The full report is published at http://www.silicon-sensor.com.

In general, the Silicon Sensor Group came out fundamentally strengthened
from the crisis year 2009, which recorded a decrease in sales of 17% in the
European sensor industry. Two capital increases provided enough means to
finance future growth. The merger of the operating units in Berlin into the
Silicon Sensor International AG led to an increase in process efficiency.
Personell costs were cut by EUR 2.8m; other operating expenses were reduced
by EUR 1.0m. Parallely, a technologically competent sales unit has been
built. The acquisition of First Sensor Technology GmbH, which has been
announced last week, has enhanced the competence of Silicon Sensor in the
fields of MEMS (Micro-Electro-Mechanical-Systems) technology, which is
rapidly gainig in importance in the future. Besides, cooperations with
renowned Asian partner companies were entered.

The Executive Board of Silicon Sensor offers a conference call for
investors, analysts and press media today, Tuesday, March 30th, at 11:30
am, where perspectives 2010 and financial results 2009 will be explained in
detail. The required dial in numbers can be requested from Diane Selge,
edicto GmbH, +49 69 905505-53 or dselge@edicto.de.

Silicon Sensor International AG

Board of Directors

30.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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