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DGAP-Ad-hoc: First Sensor AG / Key word(s): Change in Forecast
First Sensor AG: First Sensor AG raises guidance for EBIT margin following strong third quarter

14.10.2016 / 16:21
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First Sensor's Shares: ISIN DE0007201907 Ι WKN (German Securities Identification Number) 720190

First Sensor AG raises guidance for EBIT margin following strong third quarter

According to preliminary estimates for the third quarter of 2016, the Executive Board of First Sensor AG expects to exceed targets for the year as a whole.

In the third quarter of 2016, sales are expected to amount to EUR38.8 million, which corresponds to a 9.6% increase year-on-year (EUR35.4 million). This resulted in sales of EUR114.7 million for the first nine months of the current fiscal year (previous year: EUR102.6 million).

In the third quarter of 2016, the EBIT margin was above the planned target of 5% to 6% and reached around 7.4%. This equates to EBIT of EUR2.9 million in the third quarter of 2016 (previous year: -EUR0.7 million due to extraordinary effects). After the first nine months of 2016, EBIT was EUR8.4 million (previous year: EUR2.3 million) and the margin amounted to 7.3% overall.

For the year as a whole, the Management Board had anticipated sales between EUR145 million and EUR150 million and an EBIT margin between 5% and 6%. Based on the latest estimate, sales are expected to fall within the planned range at year-end, while the EBIT margin is expected to be around one percentage point above the planned margin and amount to 6% to 7%. This positive development is the result of extensive efficiency improvements.

The full quarterly report will be published on November 10, 2016.

About First Sensor AG
First Sensor AG is one of the world's leading suppliers in the field of sensor systems. Our company develops and manufactures standardized and customized sensor solutions for applications in the Industrial, Medical and Mobility growth markets. With over 800 employees, we are represented at six German locations and also have development, production and sales sites in the USA, Canada, Singapore, China, the Netherlands, Great Britain, France, Sweden and Denmark along with a worldwide partner network. First Sensor AG is a German public limited company and has been listed in the Prime Standard of the German stock exchange in Frankfurt since 1999. For more details on First Sensor, please visit www.first-sensor.com.

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