DGAP-News

First Sensor successfully closes the first nine months of 2016

DGAP-News: First Sensor AG / Key word(s): 9-month figures
First Sensor successfully closes the first nine months of 2016

10.11.2016 / 07:59
The issuer is solely responsible for the content of this announcement.

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- Sales increase by 11.8 percent to EUR 114.7 million

- EBIT margin above planned level at 7.3%

- EBIT margin forecast for 2016 as a whole raised to 6 to 7%

- Dr. Dirk Michael Rothweiler will start work on January 1, 2017

First Sensor AG, developer and manufacturer of customer-specific solutions
in the growth market of sensor systems recorded sales of EUR38.8 million in
the third quarter, which corresponds to a 9.6% increase year-on-year
(EUR35.4 million). This resulted in sales growth of 11.8% in the first nine
months of fiscal year 2016 compared to the same period of the previous
year. The increase from EUR102.6 million to now EUR114.7 million is based
in particular on the rising demand for products in the medical and mobility
target markets.

This sales growth also further increased profitability. Earnings before
interest and taxes (EBIT) for the nine-month period were EUR8.4 million
(previous year: EUR2.3 million) and the margin amounted to 7.3% overall. In
the third quarter of 2016, EBIT exceeded the expected 5% to 6% and reached
around 7.4%. This equates to EBIT of EUR2.9 million (previous year: EUR-0.7
million).

"On the basis of these figures and with an eye on the months ahead, we
expect, as reported in October, to exceed our EBIT forecast from March
2016. We now anticipate an EBIT margin of 6-7% for fiscal year 2016. This
positive development is due to the efficiency improvements now taking
effect", says Dr. Mathias Gollwitzer, CFO of First Sensor AG. The company
has thus come a good way closer to its goal of achieving an EBIT margin of
10% in the medium term. Gollwitzer: "Of course, there is plenty to do. With
regard to our incoming orders, we have set the course in the form of new
development projects."

Segments
In the Industrial segment, sales of EUR18.6 million were generated in the
third quarter (previous year: EUR18.4 million). The sales of EUR53.8
million achieved in the first nine months therefore remain EUR2.3 million
(- 4.1 percent) down on the previous year's figure after the weaker first
quarter. This was due to a shift in the pattern of delivery call-offs to
existing customers.

With sales of EUR7.8 million in the third quarter (previous year: EUR6.4
million), the Medical segment is successfully continuing its growth