Sensirion Holding hikes FY guidance on 'strong' demand in H1, shares up
07/07/2021 08:33
** Shares in Sensirion Holding AG SENSI.S rise 3.2% after
the sensors maker raised its outlook for FY 2021, on "strong"
demand in the first half of the year
** Sensirion now expects about 15% more revenue compared to
its initial guidance of CHF 226-245 million, a gross margin in
high fifties, and an EBITDA margin in high twenties urn:newsml:reuters.com:*:nASN001F22
** "In the first half of 2021, a broad and stronger than
anticipated recovery from the COVID-19 pandemic across all end
markets led to high demand for Sensirion's sensor solutions",
Sensirion said
** Credit Suisse says guidance upgrade is no surprise but
magnitude of revision reflects much stronger demand driven by
broader recovery, inventory build up and new products
((Marianna.ciabach@thomsonreuters.com))