Sensirion (SENS) H2 2024 earnings summary

Executive summary

• Returned to organic growth in 2024, driven by new products and innovation, especially in automotive and industrial segments, despite challenging market conditions.

• Profitability improved due to revenue growth and a CHF 9 million annualized reduction in operating costs; closure of Berlin condition monitoring activities (formerly AiSight) completed.

• Strategic focus on environmental/flow sensors, A2L leakage solutions for US HVAC, and foundational technology development.

Financial highlights

• Revenue reached CHF 276.5 million, up 22% in local currency and 18.6% in Swiss francs year-over-year.

• Adjusted EBITDA margin improved to 10.5% after a weak 2023, with adjusted EBITDA at CHF 29.0 million.

• Gross profit margin for the year was 49.2%, up from 47.5% in H1 but lower than 2023 due to product mix and underutilization.

• Adjusted profit after taxes was CHF 4.5 million.

• Extraordinary impairment of CHF 28.6 million at EBITDA and CHF 33.4 million at net profit level due to Berlin site closure.

Outlook and guidance

• 2025 revenue expected at CHF 310–350 million (+12–27%), mainly from A2L sensor ramp-up in US HVAC market.

• Profitability targeted to normalize, aiming for mid to high teens % EBITDA margin, in line with midterm guidance.

• Midterm guidance confirmed: low to mid-teens top-line growth (10–16%) and EBITDA margin.

• Cautious optimism for existing business amid macroeconomic and geopolitical uncertainties, especially US trade policy and China.