Silicon Sensor International AG / Preliminary Results/Half Year Results
29.07.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Midyear result above expectations
July 29, 2008
Despite of additional endeavours made for future growth the Silicon Sensor
Group performed above expectation in the first six months of 2008. Sales
increased by 10 % to 20.6 mn (30.06.2007: 18.82 mn). The achieved
EBIT-Margin in the first half year of 2008 was approximately 18 %.
Increased material costs plus higher personnel costs, mainly at
Microelectronic Packaging Dresden GmbH and at Silicon Micro Sensors GmbH,
reduced the EBIT by 16% from 4.5 mn (30.06.2007) to 3.8 mn
(30.06.2008). The net income after interest and tax developed due to a
reduced tax burden from 2.577 mn (30.06.2007) to approximately 2.5 mn.
The earnings per share of the reporting period amount due to the increased
number of shares to 0.64 and thus only 0.09 below the previous year
result (30.06.2008: 0.73). The order back log of the group diluted by 13%
to approximately 18 mn (30.06.2008) compared to the order back log of the
previous quarter (31.03.2008: 20.7 mn). The variance to the previous
quarter is caused by orders with order terms of more than one year. The
headcount increased from 280 (30.06.2007) to 320.
The new sensor production plant will be ready for equipment at end of
August 2008. The consequent removal and the necessary stop of production
will cause a stock disposal in the 2nd half of 2008. In order to meet
supply readiness, stocks were built up in 2007 and in the first six months
of 2008 and have increased profitability in these periods. In the 2nd half
of 2008 the stock disposal will lower the profitability and thus the higher
profit of the previous periods will be compensated.
Due to the results of the first six months of 2008 the sales forecast for
the total business year 2008 increases from 38.0 mn to 39.4 mn.
All figures reflect the the present and preliminary status of the group
close process and can change with further progress and checks conducted in
this process.
The complete midyear report will be published August 28, 2008. For more
information visit our website at: http://www.silicon-sensor.com or call
+49-(0)30 20 94 57 10
Silicon Sensor International AG
Board of Directors
DGAP 29.07.2008
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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: ir@silicon-sensor.de
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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DGAP-Adhoc: Silicon Sensor International AG: Midyear result above expectations
| Source: EQS Group AG