Silicon Sensor International AG / Quarter Results 28.05.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Silicon Sensor braves the crisis May 28, 2009 During the first quarter of the 2009 business year, the Silicon Sensor group had to face the insecurity and shock waves of a market in crisis. Steps taken by the Management Board as early as the end of last year have led to a positive operating result EBIT of EUR258,000 (March 31, 2008: EUR1.7 mn), even though sales dropped dramatically by some 30 % to EUR6.9 mn compared with last year (March 31, 2008: EUR10.2 mn). Although the impact from the slump was even worse during the 1st quarter of 2009, the result has confirmed expectations for the business year as a whole as charted in the worst case scenario. It is therefore assumed that the group's economic situation will not improve now but rather toward the end of the 3rd quarter 2009. It is still a safe assumption that the company has sufficient cash reserves for applying the business model successfully and ending 2009 with a positive operating result. For this purpose, we will put more staff on short time in the next few quarters and have enforced redundancies in some departments while retaining productive capacity. The difficult business environment should stabilize particularly with a host of new development projects that augur well for our future, and the readiness of a number of clients to resume call-offs in Q3. Orders in hand reflect the group's present economic situation in all its uncertainty and dropped by 39 % to EUR12.5 mn (March 31, 2009) compared with last year (March 31, 2008: EUR20.7 mn). There was a staff reduction from 322 on Dec. 31, 2008 to 315 at the end of the 1st quarter. The complete quarterly report will be published today. For more information visit our website at: http://www.silicon-sensor.com or call +49-(0)30 - 6399 23 710 Silicon Sensor International AG Board of Directors DGAP 28.05.2009 --------------------------------------------------------------------------- Language: English Issuer: Silicon Sensor International AG Wilhelminenhofstraße 76/77 12459 Berlin Deutschland Phone: +49 (0)30 63 99 23-710 Fax: +49 (0)30 63 99 23-719 E-mail: ir@silicon-sensor.de Internet: www.silicon-sensor.com ISIN: DE0007201907 WKN: 720190 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Silicon Sensor International AG: Silicon Sensor braves the crisis
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