Half-Year Results 2020

first, rampups of various new projects of the recently launched product families of particulate matter (PM2.5) and carbon dioxide (CO₂) sensors turned out better than expected. Second, the existing business with humidity, gas and liquid flow sensors showed some slowdown in the automotive sector after a strong first quarter, while the other markets industrial, medical and consumer proved to be quite robust until mid-year. Third, COVID-19 led to a one-time effect in the form of increased global demand for gas flow sensors for ventilators. Consolidated revenue amounted to CHF 113.7 million, the gross margin was stable at 54.7%, and the adjusted EBITDA margin reached 19.7%. In the mid and long term, growth prospects remain strong due to existing market trends, as well as the strong technology base and product pipeline.