Sensirion (SENS) CMD 2024 summary

Strategic overview and innovation approach

• Emphasis on long-term growth through innovation, resilience during market cycles, and maintaining a clear strategic direction despite short-term volatility.

• Innovation is defined as both product and process improvement, with a focus on miniaturization and scalability.

• The company invests over 20% of revenue into R&D, with a structured approach to short-term, platform, and long-term innovation.

• Miniaturization and integration of sensor technology are core competencies, enabling mass production and new applications.

• Collaboration with customers and a fully integrated value chain support rapid feedback and tailored solutions.

Strategic achievements and market position

• Achieved top-2 status in environmental sensors, with environmental sensors (excluding humidity) rising from 7% of revenue in 2017 to 36% in H1 2024.

• Holds a 61% global market share in humidity sensing and is a leader in environmental and flow sensors.

• Developed new products for the next growth cycle, including miniaturized environmental sensors and gas leakage sensors.

• Expanded global operational footprint, with Asia and Eastern Europe now contributing 38% of group output in H1 2024, up from 4% in 2017.

• Captured short-term market opportunities, notably in medical ventilators and CPAP devices during the pandemic, and gained market share through supply chain agility.

Updated strategy and future growth

• Strategy centers on expanding core environmental and flow sensing markets, fostering growth in adjacent fields (leak detection, medical, industrial), and laying the technological foundation for long-term growth.

• Core business strengthened by miniaturization, new sensor modalities, and increased customer content.

• Adjacent growth areas include leadership in leak detection (A2L/A3 refrigerants, CO2, hydrogen, methane), advanced medical solutions, and industrial solutions like continuous methane monitoring.

• Technological innovation pipeline supported by structured processes and disciplined M&A, with recent acquisitions enhancing gas analytics and sensor portfolios.

• Outlook includes monetizing miniaturized sensors, leveraging technology platforms, and expanding solution offerings in medical and industrial markets.