DGAP-News: First Sensor AG: Changes to the Management Board of First Sensor AG


DGAP-News: First Sensor AG / Key word(s): Change of Personnel
First Sensor AG: Changes to the Management Board of First Sensor AG

25.05.2016 / 16:53
The issuer is solely responsible for the content of this announcement.

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Corporate News
May 25, 2016

Changes to the Management Board of First Sensor AG

  - CEO Dr. Martin U. Schefter to leave First Sensor AG

  - CFO Dr. Mathias Gollwitzer will provisionally discharge his duties

The Chairman of the Management Board of First Sensor, Dr. Martin U.
Schefter, will not renew his contract that is set to expire on 16 June
2016, but will leave the company. This is the outcome consensually agreed
between the Supervisory Board and Dr. Schefter today. The decision is
attributed to conflicting opinions regarding the strategic long-term
orientation of the company. The duties of his board mandate will be
provisionally discharged by Dr. Mathias Gollwitzer, CFO, until a successor
has been appointed.

"The Supervisory Board would like to thank Dr. Martin U. Schefter for his
successful work over the past three years. Under his watch, First Sensor AG
embarked on a healthy growth trajectory by pursuing a consistent strategy.
Today, the company concentrates on the growth markets Industrial, Medical
and Mobility via its three business units. The global business was
systematically expanded, central processes were optimized, and the
productivity was noticeably enhanced. By consistently positioning itself,
the company signaled to the market that the various production and sales
locations inside and outside Germany have merged to become a homogeneous
entity over the past years," said Prof. Dr. Alfred Gossner, Chairman of the
Supervisory Board of First Sensor AG.

Having increased its revenues by 11.1 percent to 137.7 million euros during
the 2015 financial year, the company remains on its growth trajectory with
a first-quarter revenue growth of 12.7 percent. "These figures show that
that our focus on technology-driven target markets already lets us
participate in their exceptionally rapid growth. They also demonstrate that
we are successfully developing sensors, smart sensors and sensor systems
that by far exceed standard components already available on the market",
says Dr. Mathias Gollwitzer, CFO of First Sensor AG. "We will continue to
pursue the approach successfully initiated by Dr. Schefter as is."

For the current fiscal year 2016, the Management Board is confirming its
forecast of an increase in sales to EUR145-150 million, with the EBIT
margin initially expected to reach between 5% and 6%. Over the coming years
the EBIT margin is to be gradually improved to 10%, while annual sales
growth of around 10% is anticipated. The objective is to enhance value
continuously.

About First Sensor AG
25 years after its foundation in Berlin, First Sensor AG is one of the
world's leading providers of sensor technology with more than 800 employees
worldwide. In the growth market of sensor systems, First Sensor develops
and produces customer-specific solutions for the ever-increasing number of
applications in the industrial, medical, and mobility target markets. Based
on tried-and-tested technology platforms, we develop products such as
chips, components, sensors, and entire sensor systems. These products give
our customers a real competitive edge. Trends such as Industry 4.0,
autonomous driving, and the miniaturization of medical technology will
drive our growth extremely rapidly in the future. First Sensor AG is a
German public limited company and has been listed in the Prime Standard of
the German stock exchange in Frankfurt since 1999 [Prime Standard Ι WKN:
720190 Ι ISIN: DE0007201907 Ι SIS]. www.first-sensor.com

Legal Disclaimer
This report contains statements of a predictive nature and does not
represent any incitement to purchase shares of First Sensor AG, but rather
is intended exclusively for information purposes with regard to possible
future developments at the company. All future-oriented information in this
consolidated financial report were produced on the basis of probability-
based plan and represent statements regarding the future which cannot be
guaranteed.

Events
It is intended to publish the Q1 Interim Report on May 2, 2016.

Printable images
For Printable images please visit http://www.first-sensor.com/de/
unternehmen/presse/bildarchiv. First Sensor AG owns the rights to the
images. Please make reference to this when using the material.

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First Sensor AG                       Contact:
Peter-Behrens-Str. 15                 Corinna Krause
12459 Berlin                          E-Mail: ir@first-sensor.com
Deutschland                           T +49 30 639923-571


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25.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:    English                                                    
   Company:     First Sensor AG                                            
                Peter-Behrens-Straße 15                                    
                12459 Berlin                                               
                Germany                                                    
   Phone:       +49 (0)30 63 99 23-760                                     
   Fax:         +49 (0)30 63 99 23-719                                     
   E-mail:      ir@first-sensor.com                                        
   Internet:    www.first-sensor.com                                       
   ISIN:        DE0007201907                                               
   WKN:         720190                                                     
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart                                                  
 
 
   End of News    DGAP News Service  
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