In the 2024 financial year, Sensirion was able to return to growth and increase its sales by 22.1 % in local currency and 18.6 % in Swiss francs compared to the previous year to CHF 276.5 million. Sales growth is thus at the upper end of the guidance and is primarily attributable to new business in the industrial and automotive markets. The strategy of continuing to invest in growth projects and innovation even during the crisis year of 2023 therefore paid off. The global market situation for our existing business, on the other hand, remains challenging. Profitability has improved, thanks to revenue growth and a rigorous cost optimization program. Adjusted for the one-off costs arising from the termination of operations in Berlin, the gross margin was 49.2 % and the EBITDA margin 10.5 %.
For the 2025 financial year, Sensirion once again expects strong sales growth and a normalization of profitability within the mid- to high-teen percent range.
The Board of Directors of Sensirion Holding AG is proposing Mirjana Blume to succeed Ricarda Demarmels, who will not be standing for re-election at the Annual General Meeting on May 12, 2025.
The first half of the year closed with sales of CHF 128.0 million. This represents an organic revenue increase of 8.9 % in local currencies and 3.9 % in Swiss francs compared to the same period last year. Growth was driven by the automotive and industrial markets, whereas year-on-year sales comparisons in medical and consumer are impacted by ongoing de-stocking effects. The operating result was significantly impacted by the discontinuation of Sensirion condition monitoring activities in Berlin. Adjusted for these one-off effects, the gross margin amounts to 47.5 % and the adjusted EBITDA margin is 4.6 %.
• Sensirion is ending activities in condition monitoring (formerly StartUp AiSight, Berlin) after a thorough review
• Sensirion is focusing on the further development of methane emission monitoring as a data-based service business
• Impairments (non-cash) of around CHF 25 million, restructuring costs and provisions for the closure of the site of CHF 3–5 million in 2024
• The decision will lead to a slight improvement in operating cash flow from 2025 onwards
As part of a critical review of all innovation projects and to increase the strategic focus of the business, the board of directors of Sensirion Holding has decided, at the request of the management, to give up the activities in condition monitoring of the previously acquired startup AiSight. This will lead to the closure of Sensirion’s Berlin site.
Weak demand from end consumers, combined with ongoing inventory reduction and the removal of last year’s one-off business, resulted in sales declining by 27.5% compared to the previous year.
This decline is solely attributable to reduced demand volume; no customers or ongoing projects were lost. The medium- and long-term outlook remains positive. Sensirion thus continued to expand its R&D capacities to enable important product launches in new applications in 2024 and 2025. Consolidated sales amounted to CHF 233.2 million. The gross margin decreased to 52.2%, and the EBITDA margin was 4.3%.
Weak demand from end consumers, combined with ongoing inventory reduction and the removal of last year’s one-off business, resulted in sales declining by 25.2% compared to the previous year. This decline is solely attributable to reduced demand volume; no customers or ongoing projects were lost. The medium and long-term outlook remains positive. Sensirion thus continues to expand the R&D capacities to enable important product launches in new applications in 2024 and 2025. Consolidated sales amounted to CHF 123.2 million. The gross margin was stable at 56.3%, and the EBITDA margin was 8.7%.
Sensirion is adjusting its outlook for the 2023 financial year due to the challenging market environment. For the current financial year, we now expect sales of CHF 235–255 million (previously CHF 300–340 million) and an EBITDA margin of approx. 10% (previously approx. 20%). The expectation for the gross margin remains unchanged in the mid-fifties. The first half of the year closed with sales of around CHF 123 million. The medium and long-term outlook remains positive due to a strong pipeline of new business and supporting megatrends.
Despite a challenging economic environment, 2022 was once again a successful year for Sensirion. The environmental product portfolio (Dust [PM2.5], CO2 and Formaldehyde) remained the key growth driver, supported by a one-off special demand for medical CPAP devices.
In the second half of the year, a slowdown in demand from consumer-sensitive end markets such as Appliances and Consumer was observed. However, the long-term strategic goals remain on track thanks to further implementation of the growth strategy.
The year closed with consolidated sales of CHF 321.7 million (+11.9%), of which CHF 28.3 million can be attributed to the one-time special demand for CPAP devices. Adjusted for this one-time special item, sales grew by 10.5%. The gross margin achieved an above-average value of 59.2%, while the EBITDA margin reached high 27.8%. Both key profitability figures will normalize due to investments made in growth opportunities throughout the year.
Strong customer demand for Sensirion’s latest environmental sensor solutions in addition to a further decrease of its lead times despite the continued challenging global supply chain circumstances resulted in 14.2% revenue growth year over year. The now normalized pandemic-driven demand for ventilator sensors was compensated by another one-off special event from the medical market, which was due to a large-scale replacement campaign by a major CPAP customer. Long term strategic objectives are on track and remain unchanged despite moderate short-term slowdown effects and low visibility on the markets. Consolidated revenue amounted to CHF 164.8 million, and the gross and EBITDA margins reached high values of 59.7% and 29.6% respectively.
Due to the ongoing situation caused by the spread of COVID-19 (coronavirus), the Annual General Meeting of Sensirion Holding AG was held again without the physical presence of shareholders. In accordance with the COVID-19 Ordinance 3 of the Swiss Federal Council, shareholder rights could exclusively be exercised through the independent proxy. The Annual General Meeting was held on the premises of Sensirion Holding AG’s company headquarters in Stäfa.
Sensirion Holding AG today published the invitation and agenda for the Annual General Meeting of Shareholders, which will take place on 16 May 2022. The AGM will be held without the personal attendance of shareholders. Read more...
Strong demand across all core markets and customer ramp-ups with new environmental sensors resulted in high sales and profitability growth in 2021
Sensirion Holding AG, a leading supplier of environmental and flow sensor solutions, completes the acquisition of AiSight GmbH, an innovative supplier of scalable easy-to-use machine diagnostics solutions.
For Sensirion, the first half of 2021 was characterized by three developments. Further customer ramp-ups with environmental sensors and a very dynamic post-pandemic demand in the existing business resulted in strong revenue growth.
Sensirion Holding AG, a leading manufacturer of digital microsensors and systems, raises its outlook for financial year 2021 based on strong demand in the first half of the year.
Due to the ongoing situation caused by the spread of COVID-19 (coronavirus), the Annual General Meeting of Sensirion Holding AG was held again without the physical presence of shareholders.
Sensirion Holding AG, a leading provider of environmental and flow sensor solutions, completes the acquisition of IRsweep AG, an innovative provider of optical sensing solutions.
Today, 25 March 2021, at its first capital markets day Sensirion will present an update on its growth strategy and mid-term outlook.
2020 proved to be very multi-faceted – Sensirion experienced strong revenue and profitability growth, sales growth in all markets, made strategic progress in the environmental sensor sector and secured longer-term growth potential with technology acquisitions.
Sensirion Holding AG completes the acquisition of Qmicro B.V., an innovative OEM supplier of miniaturized gas-analysis technologies.
Sensirion announces to be part of a CHF 4 million Series A financing round of MaxWell Biosystems AG, a spin-off of ETH Zurich founded in 2016, to further industrialize and scale-up the production of their consumables.
Sensirion raises its forecast for the financial year 2020. As a result of continuing high demand for gas flow sensors Sensirion expects now revenue of approximately CHF 254 million and an adjusted EBITDA margin in the mid-twenties percentage range.
Sensirion looks back on a special first half of 2020 which was marked by three major factors:
Due to positive business trends and the increasing demand for its existing and new sensors, Sensirion is expanding its production capabilities by establishing a production site in Debrecen, Hungary.
Sensirion raises its outlook for the financial year 2020. Despite continuing low visibility for the second half of the year, the company expects revenue for the full year of CHF 200-240 million due to the positive business trend in the first half of the year.
At the Annual General Meeting of Sensirion Holding AG on 11 May 2020, the independent proxy represented a total of 9’200’764 shares corresponding to 59.09% of the share capital. The shareholders approved all proposals of the Board of Directors (the “Board”).
Sensirion experienced a challenging 2019 as a result of the reduced demand and increased volatility in all markets, especially in the first half of the year.
Sensirion experienced a challenging first half of 2019 as a result of the current crisis in the automotive industry, the significantly lower than expected global industrial production, and the ongoing global trade disputes.
Sensirion reduces its outlook for 2019 as a result of the current crisis in the automotive industry and the continuing trade disputes.
At the Annual General Meeting held in Rapperswil-Jona on 14 May 2019, the shareholders of Sensirion Holding AG were informed about the results of the Sensirion Group for the financial year 2018.
Sensirion Holding AG, a pure-play sensor company offering environmental and flow sensor solutions, reports a successful fiscal year 2018 with diversified revenue growth in all end markets.
Sensirion Holding AG 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.