Sensirion Holding AG Reports Modest Growth and Confirms 2024 Guidance

On August 21, 2024, Sensirion Holding AG announced its half-year results for 2024, highlighting a broad-based return to growth and confirming its full-year guidance. The company closed the first half with sales of CHF 128.0 million, an organic revenue increase of 8.9% in local currencies and 3.9% in Swiss francs compared to the same period last year. This growth was mainly driven by the automotive and industrial markets, despite de-stocking effects in medical and consumer sectors.

The company faced significant challenges, particularly from the discontinuation of condition monitoring activities in Berlin, affecting its profitability. Adjusted gross margin stood at 47.5%, while the adjusted EBITDA margin was 4.6%. Operating cash flow improved to CHF 7.2 million.

Sensirion remains optimistic about its medium- and long-term prospects, driven by megatrends like energy efficiency, climate change, and health. The company expects new gas leakage sensor projects to significantly contribute to growth, particularly in the second half of the year.

Despite ongoing challenges, Sensirion confirmed its 2024 guidance with expected consolidated sales between CHF 250 to 280 million and an adjusted EBITDA margin of 5-10%.