First Sensor (SIS) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales declined 5.6% year-over-year to €28.6 million, reflecting subdued demand from major industrial customers and broader economic weakness, especially in Germany.

• Management continues to expect full-year sales between €110 and €120 million, with investments focused on process reliability and occupational safety.

• Early signs of improvement in Sensor Manufacturing Services, with book-to-bill ratio above 1, though overall order situation remains unsatisfactory.

• Sustainability reporting requirements are increasing, with new instruments being rolled out in collaboration with TE Connectivity Group.

Financial highlights

• Revenue for Q1 2025 was €28.6 million, down €1.7 million or 5.6% compared to Q1 2024.

• Net profit for the period rose to €8.0 million from €2.3 million in Q1 2024; EPS increased to €0.77 from €0.22.

• Gross profit increased 31.2% to €23.1 million, driven by higher inventories and lower material costs.

• EBITDA reached €9.7 million (Q1 2024: €4.0 million); EBIT was €8.0 million (Q1 2024: €2.2 million), with a temporary EBIT margin of 28.1%.

• Operating cash flow improved to €3.7 million (Q1 2024: €773 thousand); free cash flow was €537 thousand.

Outlook and guidance

• Management maintains full-year sales guidance of €110–120 million.

• EBIT margin is expected to normalize over the course of the year.

• Investment plans for the year remain at €5–7 million, with further expansion expected in coming quarters.