SICK on course for record in Jubilee year - Sales, earnings and orders received achieve double-digit growth in first six months
Waldkirch, 4 August 2006. In 2006, one of the world’s leading sensor producers is continuing the dynamic growth of the previous year. In the six months to 30 June 2006, SICK’s incoming orders rose by 16.1% over the previous year to EUR 349.4 m. Sales rose by 11.2 per cent to EUR 312.7 m. The SICK Group’s earnings grew even faster: EBIT rose 74.6 per cent to EUR 33.9 m., while earnings after tax increased by 79.8 per cent and, at EUR 20.0 m., reached a new record value for the half year.
Positive prospects for the entire year
Anne-Kathrin Deutrich, the Executive Board’s Spokesperson, was particularly pleased that all segments within the Group participated in the positive devel-opment of sales and earnings, and that the high level of orders has led to ex-pectations of a continuation of this excellent progress during the second half of the year.
High growth was achieved in Asia and North America, in particular. Last year’s growth in Europe principally took place in eastern Europe, but the positive eco-nomic development within the euro zone during the first half of 2006 also led to significant growth rates in the larger European economies, including Germany. The subsidiaries in India and Russia, included in the overall figures
for the first time, exceeded expectations during the first six months.
The Factory Automation segment, which offers sensors and solutions for auto-mation and safety technology, as well as automatic identification, is particularly active in the areas of packaging technology, robotics, machine construction, the automotive industry, as well as handling and warehousing systems, increased its sales during the first half year by 10.6 per cent. From 1 July 2006, a start was made on splitting off activities in the logistics sector, which have increased substantially in recent years (e.g. for the identification of baggage at interna-tional airports or the automation of package distribution centres and logistical facilities) from Factory Automation and setting up Logistics Automation as a third segment.
The Process Automation segment, which offers a comprehensive portfolio of sensor solutions for analysis and process measurement technology under the SICK MAIHAK brand, achieved a highly satisfactory increase in sales of 16.4 per cent. The technologies of SICK MAIHAK are exploited, in particular, at power stations, cement works, waste incineration plants, in the iron and steel industry, as well as in the natural gas, chemical and petrochemical industries.
More employees – the Waldkirch and Dresden sites are to be expanded
The number of employees in the SICK Group continues to rise: on 30 June 2006, 4,277 employees were active at SICK, 182 more than at the beginning of the year. 76 of these new jobs were created in Germany. This rise, and the continuing growth in sales, made further investments in land and buildings nec-essary. After last year’s expansion in production capacities in Waldkirch, Min-neapolis (USA) and Beijing (China), SICK will open a new office complex with a new works restaurant in Waldkirch at the end of September. At the same time, SICK is planning to expand the Dresden site again, in order to meet the grow-ing demand for ultrasonic gas flowmeters in the natural gas industry. Invest-ments rose by 26.4 per cent to EUR 19.1 m. during the first six months of 2006.
Record results expected for 2006 – Anne-Kathrin Deutrich to retire
SICK is enjoying its sixty-year jubilee in 2006. The Executive Board, expanded on 1 July 2006, and which now consists of Anne-Kathrin Deutrich (Spokesper-son), Dr. Robert Bauer (Technology and Logistics Automation), Jens Höhne (Process Automation), Markus Paschmann (Factory Automation) and Markus Vatter (Finance & Human Resources), expects the jubilee year to be crowned with correspondingly positive record results. As already announced, Anne-Kathrin Deutrich will retire at the end of September 2006. Her successor as Spokesperson of the Executive Board will then be Dr. Robert Bauer.
SICK AG is one of the world’s leading producers of sensors and sensor solutions for industrial applications. The company, founded in 1946 and based in Waldkirch, employs over 4,200 personnel worldwide and achieved Group sales of EUR 594 m. in 2005. Further information can be obtained on the Internet at http://www.sick.com or by telephone at +49 (0)7681 202-5172.