Sensirion Announce Strong Revenue Growth In First Half-year 2018
Sensirion Holding has experienced a good first half-year 2018: Consolidated revenue reached CHF 90.2 million, +30% compared to the previous year's period, of which 18% was organic, 11% inorganic growth, and 1% due to movements of foreign currencies. Organic growth was above expectations thanks to the robust global macroeconomic conditions and increased demand from some main customers. The gross margin of 52% lies within the expected range. After adjustment for IPO-related one-off costs, adjusted EBITDA and adjusted EBITDA margin results were CHF 15.0 million and 17%, respectively. These results lie slightly above expectations due to higher revenues. The influence of the one-off effects of IPO-related costs and the IPO loyalty share program for employees, in total CHF 8.8 million, resulted in an operating loss of CHF 0.8 million and a net loss of CHF 2.0 million. Generated free cash flow amounted to CHF 12.6 million. IPO proceeds resulted in net cash of CHF 32.9 million.
