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ots Ad hoc-Service: Silicon Sensor Int. AG
nine-month-report, Silicon Sensor continues its permanent growth
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Berlin (ots Ad hoc-Service) -
Silicon Sensor International AG, WP-Kennnummer: 720 190
Silicon Sensor International AG, Security Identification Number: 720 190
Fact pursuant to @ 15 WpHG (Negotiable Instruments Act): nine-month-report, Silicon Sensor continues its permanent growth
During the first nine months of this business year, the growth rate of the Silicon Sensor Group has developed in accordance with schedule. Compared to the same period last year, turnover increased to more than 131%, that is to 6.6 million German marks. This is particularly remarkable since customer relations only develop in the course of several years of close co-operation in this scope of business. The Silicon Sensor Group holds to its aim of nearly doubling turnover in the year 2000.
With a profit of 0.5 million German marks, the result of all operative German companies turned out clearly positive during the first nine months. The consolidated loss of the first nine months, resulting from the increased establishment of US production facilities in packaging and from the structural organisation within the AG (incorporated society), amounts to 1.28 million German marks. It is particularly due to the increased establishment of the American subsidiary corporation, which is considered to be an investment in the future that will pay off considerably in the next few years, that the positive scheduled result is being postponed to the year 2001. Nevertheless, the break even for the Pacific Silicon Sensor Inc. is still scheduled for and will also be reached in the year 2002.
During the first nine months, foundations were laid for further growth of the Silicon Sensor Group. Upsurges particularly came from the picture processing and building industry where new orders placed by notable customers could be reported. As in the same periods of last year, the volume of orders on hand, DM 7.2 millions at present, developed to the amount of the corresponding turnover. The market for sensor-products has a volume of several billion US dollars with a continuously upward going trend. With just 12%, the proportion of customized High Class Sensors has been rather low in this market up to now. But the development clearly shows in which direction the market is developing. The manufacturers of sensor-products are more and more dependent on using customised High Class Sensors in order to be able to stand up to the product innovations in the market - the best basis for further growth of the Silicon Sensor Group.
There is further information available on our web site: http://www.silicon-sensor.com or by phone: +49-(0)30-63 99 23-0.
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