ZMDI records strong growth in first half year 2010

7th September 2010

ZMDI

ES Admin

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ZMDI, The Dresden-based semiconductor company, registered healthy growth for the first six months of 2010 and upgraded its revenue forecast for the current fiscal year. According to figures published by the company today, revenues for the first half of the current fiscal year totaled approximately EUR 29.1 million, equaling an increase of around 65 percent compared with the same period of the previous year. Besides the general economic recovery, above all this robust growth is driven by the strong demand for energy-efficient products and applications especially from the automobile sector.

Given these good first-half year figures, ZMDI has upgraded its revenue targets for the current fiscal year and provided additional details for its earnings forecast. From today's perspective the Executive Board estimates revenues for 2010 to grow by 15 to 20 percent against the previous year and earnings (EBIT) to total around EUR 1 million. So far the full year forecast had earmarked revenues growth at between 10 to 15 percent and earnings to generate a positive result. In 2009 ZMDI had generated revenues of EUR 43.3 million.

Thilo von Selchow, CEO of ZMDI, said, We are very satisfied with the performance during the first half of 2010. The business development in the first quarter had already been gratifying and the second quarter clearly outstripped our expectations. Looking ahead to the full fiscal year 2010, we now estimate revenues to grow between 15 to 20 percent. Despite the solid first six months of 2010 we remain cautious, as global economic uncertainties still remain. In addition, we also estimate that the strong growth dynamic of our industry will weaken in the first half of 2011. Whatever the general conditions will provide, ZMDI is well positioned not least due to its innovative product portfolio, high investments in research and development and flexible cost structures.

Clear commitment to energy efficiency is increasingly paying off in the market

Mr. von Selchow underlined that ZMDI's strategic focus on energy-efficient products and applications is increasingly paying off in the market. We are recording strong demand for energy-efficient switching circuits and sensors, both of which contribute toward lowering CO2 emissions and saving resources. Our products enable our customers to make an active and above all climate-friendly contribution, for example through lower petrol or power consumption. Over the last four year alone, ZMDI's climate-friendly products and customer solutions have generated savings of around four million tons in CO2 and 1.6 billion liters of petrol. This demonstrates the enormous effect energy-efficient semiconductor solutions have. Working on the so-called 'green technologies' is simultaneously a big motivation for the entire team.