Start of the business year within scope of expectations

2008-05-29

Despite of additional endeavours made for future growth the Silicon Sensor Group performed satisfactorily in the first quarter of 2008 (Q1 2008). The sales increased by 4 % to € 10.169 mn (31.03.2007: € 9.767 mn). The EBIT-Margin in Q1 2008 of approximately 17 % equates the average EBIT-margin of 2007.

Increased material costs plus higher personnel costs caused a reduction of EBITDA by 24 % from € 3.17 mn (31.03.2007) to € 2.4 mn (31.03.2008) as well as EBIT by 28% from € 2.36 mn (31.03.2007) to € 1.704 (31.03.2008). The net income after interest and tax reduced by € 0.26 mn from € 1.313 mn (31.03.2007) to € 1.053 mn. The earnings per share of the reporting period amount to € 0.27 and thus are € 0.10 below the excellent previous year result (Q1 2007: € 0.37). The performance of the order back log remained behind our expectations for Q1 2008. The order back log diluted by 9 % to € 20.7 mn (31.03.2008) compared to the previous year’s level (31.03.2007: € 22.86 mn). The headcount increased from 268 (31.03.2007) to 311.

Our expectations for a challenging business year 2008 are in terms of sales an amount of € 38 mn and an EBIT between € 4.5 mn and € 6.5 mn. The reduced mid term plan for the period 2009 to 2010 will be presented by the board in the annual general meeting on June 18, 2008.

The complete quarterly report will be published today. For more information visit our website at: http://www.silicon-sensor.com or call +49 30 20945710.

Silicon Sensor International AG
Board of Directors

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