Half year results confirm sustainable profitable business development
Operating result of the second quarter 2010 amounted to 0.6 million Euro and not only exceeded the result of the first quarter 2010 (0.5 million Euro) but also considerably the level of the second quarter 2009 (-1.1 million Euro). The third consecutive profitable quarter confirms the recurrence of the company to the profitable growth path after the 2008 and 2009 periods which were marked by the global financial crisis. Order backlog increased by 76 % to 21.3 million Euro compared June 30th, 2009.
Total equity of 36.5 million Euro (which means an equity ratio of 57 %) and liquid funds of 13.1 million Euro as of June 30th, 2010 perfectly enable Silicon Sensor to further develop its core business and to exploit the manifold opportunities for external growth.
The sustainability of our profitable business development, the increase of our order backlog, the upcoming results of our expanded sales department and our more than 50 R&D projects, the potential of our latest acquisitions and the outcomes of our cost cutting and efficiency programmes give reason to reconfirm our forecast, which has been revised upwards in spring this year: For the current financial year we forecast sales between 38 and 40 million Euro with a seven digit EBIT and annual organic growth for the next three years of 20 % with return on sales above 10 % at 2012 at the latest.
The complete quarterly report can bee seen at http://www.silicon-sensor.de/ir.php. For more information about the company please visit our website at: http://www.silicon-sensor.com or call +49-(0)30/63 99 23-710
About Silicon Sensor International AG
The Silicon Sensor Group is one of the worldwide leading developers and producers of high quality customer specific sensor solutions meeting the highest demands on technical excellence, reliability and precision. These sensor solutions are decisive components of the products and applications of our end customers. Examples are electronic yardsticks, tank pressure sensors, solar altitude sensors and camera systems for vehicles, air conditioning systems, Xray units for baggage inspections, machine control systems, space research, cancer operations, toll systems and measuring instruments in the pharmaceutical industry.
Silicon Sensor develops and produces at different sites in Germany: at its head office in Berlin, in Dresden and in Oberdischingen/ Ulm. In the US, the group is represented in Westlake Village (California). Currently, Silicon Sensor has more than 300 employees worldwide. The company is listed in the Prime Standard of the German Stock Exchange (Frankfurt).