Micronas Semiconductor Holding AG

Currency effects hurt first quarter sales and results - Seite 2

Capacity utilization at the manufacturing facilities in Freiburg stood at around 85 percent in the first quarter of 2015. Incoming orders came to CHF 33.9 million, compared with CHF 40.8 million in the previous quarter. After currency adjustment this represents a fall of 5 percent against the fourth quarter of 2014. The book-to-bill ratio for the first quarter of 2015 was 0.95.

At this year's ordinary Shareholders' Meeting on March 27, 2015, all proposals put forward by the Board of Directors were approved. Board Members Heinrich W. Kreutzer, Lucas A. Grolimund and Dr. Dieter G. Seipler were re-elected and Stefanie Kahle-Galonske was elected as a new Member. Heinrich W. Kreutzer was also elected Chairman of the Board of Directors while Heinrich W. Kreutzer and Dr. Dieter G. Seipler were elected as members of the Nomination and Compensation Committee. The proposals on the maximum aggregate amount of compensation paid to the Board of Directors and Group Management were approved by a large majority. The proposed changes to the Articles of Incorporation on reducing the number of mandates Members of the Board of Directors can assume outside the Micronas Group, clarifications relating to pension benefits, following the corporate purpose and the basis of existing nominee rules were also all approved by a large majority.

The proposed distribution of CHF 0.05 per registered share against reserves from capital contributions was paid out to Micronas shareholders at the beginning of April 2015. The share buy-back program proceeded as planned; between March 10 and April 8, 2015 a total of 116 604 shares were repurchased, equivalent to 0.4 percent of the Company's share capital.

The Board of Directors and Management still expect sales of around CHF 71 million for the first half of 2015 based on an EUR/CHF rate of 1.05. Owing to the conversion of money held in foreign currencies, a loss is expected at net profit level. The EBIT margin for the first half of 2015 is likely to be between 3 and 4 percent.

About Micronas Micronas (SIX Swiss Exchange: MASN) the most preferred partner for sensing and control serves all major automotive electronics customers worldwide, many of them in long-term partnerships for lasting success. While the holding company is headquartered in Zurich (Switzerland), operational headquarters are based in Freiburg (Germany). Currently, the Micronas Group employs around 900 persons.

Disclaimer This press release contains forward-looking statements, such as projections, forecasts and estimates. Such forward-looking statements are dependent on certain risks and uncertainties which may cause actual results, performance or events to differ materially from those anticipated in this press release. The forward-looking statements contained in this press release are based on Micronas' views and assumptions as of this date and Micronas does not assume any obligation to update or revise this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.



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emitter: Micronas Semiconductor Holding AG address: Technoparkstrasse 1, 8005 Zürich country: Switzerland contact person: Susy Krucker phone: [phone] e-mail: [e-mail] website: www.micronas.com

ISIN(s): CH0012337421 (share) stock exchanges: listed in SIX Swiss Exchange

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