08.25.22
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 ($172 milion), and the gross and EBITDA margins reached high values of 59.7% and 29.6% respectively.
Once again, geopolitical events in Europe and throughout the world have snowballed over the last six months. Just as we had put the strictest of the coronavirus restrictions behind us, we were faced with a terrible war on European soil, the outcome of which remains unclear. The resulting high level of inflation in western countries as well as the ongoing difficult situation in China in relation to the pandemic are further exacerbating geopolitical and macroeconomic uncertainties.
Here at Sensirion, however, the company is able to look back on a pleasant first half of 2022, continuing to experience strong demand, despite a loss of momentum over the course of the period.
The six-month period closed with sales totaling CHF 164.8 million (+14.2% over the same period in the previous year, 13.8% organic, 0.4% inorganic, 0.0% due to foreign currency effects). Around CHF 14.7 million of this came from a one-off transaction in the CPAP medical sector. This period in the previous year was influenced by CHF 17 million from the special business involving sensors for ventilators, which was driven by COVID-19. Adjusted for this effect, this yielded a solid revenue growth figure of 18%.
Supplier markets remain unstable and unpredictable: in addition to the persisting global shortage of semiconductor chips, raw materials were and are causing unexpected delivery delays. Due to the uncertain pandemic situation in China and the war in Ukraine, Sensirion does not expect a complete recovery any time soon. The production plant in Shanghai, which primarily produces modules for the industrial and consumer markets, had to stop production completely for four weeks in April due to official lockdown.
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 ($172 milion), and the gross and EBITDA margins reached high values of 59.7% and 29.6% respectively.
Once again, geopolitical events in Europe and throughout the world have snowballed over the last six months. Just as we had put the strictest of the coronavirus restrictions behind us, we were faced with a terrible war on European soil, the outcome of which remains unclear. The resulting high level of inflation in western countries as well as the ongoing difficult situation in China in relation to the pandemic are further exacerbating geopolitical and macroeconomic uncertainties.
Here at Sensirion, however, the company is able to look back on a pleasant first half of 2022, continuing to experience strong demand, despite a loss of momentum over the course of the period.
The six-month period closed with sales totaling CHF 164.8 million (+14.2% over the same period in the previous year, 13.8% organic, 0.4% inorganic, 0.0% due to foreign currency effects). Around CHF 14.7 million of this came from a one-off transaction in the CPAP medical sector. This period in the previous year was influenced by CHF 17 million from the special business involving sensors for ventilators, which was driven by COVID-19. Adjusted for this effect, this yielded a solid revenue growth figure of 18%.
Supplier markets remain unstable and unpredictable: in addition to the persisting global shortage of semiconductor chips, raw materials were and are causing unexpected delivery delays. Due to the uncertain pandemic situation in China and the war in Ukraine, Sensirion does not expect a complete recovery any time soon. The production plant in Shanghai, which primarily produces modules for the industrial and consumer markets, had to stop production completely for four weeks in April due to official lockdown.