DGAP-News: First Sensor AG: Q1 2019: Provisional Figures Confirm Growth and Profitability Targets of First Sensor AG

Q1 2019: Provisional Figures Confirm Growth and Profitability Targets of First Sensor AG

According to provisional figures, the First Sensor Group successfully concluded the first quarter of 2019. Sales are expected to be around EUR41 million and are therefore roughly 20% higher than in the previous year. These sales were achieved with a level of profitability that was further improved compared with Q1 2018 and 2018 as a whole. Thus EBIT is likely to reach EUR4 million. That would equate to an EBIT margin of 9.8%.

The profitable growth of the first quarter was driven by customer-specific solutions and standard sensors for the target markets Industrial and Medical, in which sales - at EUR22.2 million and EUR9.8 million respectively - were increased by more than 30% compared with Q1 2018. At the same time, internationalization also continues to advance, with sales up by more than 50% in both North America and Asia. In a geopolitical environment marked by continued volatility, the Mobility target market shows a decline in sales of around EUR1.4 million as at the reporting date due to call-off orders from framework agreements being postponed.

For the remainder of the year, the Management Board confirms that it expects to achieve sales of between EUR160 million and EUR170 million and an EBIT margin of between 8.5% and 9.5%. Drivers for this will be sensors and sensor solutions from the product groups photonics and pressure in particular.

The Q1 2019 Report will be published on May 14, 2019.

About First Sensor AG
Founded as a technology start-up in the early 1990s, today, First Sensor is a global player in sensor technology. Based on our know-how in chip design and production as well as microelectronic packaging, standard sensors and customer-specific sensor solutions are developed in the fields of photonics, pressure and advanced electronics for the ever-growing demand in key applications for the target markets of Industrial, Medical and Mobility. The strategy is aimed at profitable growth and focuses on key customers and products, forward integration and strengthening our international presence. First Sensor has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. Further information: www.first-sensor.com.

Disclaimer
Statements in this report relating to future developments are based on a prudent estimate of future events. Actual events of the company may deviate significantly from planned events, as they depend on a large number of market and economic factors, some of which are outside of the company's control.

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