Sensirion shares tumble after loss, cautious outlook

Sensirion Holding AG

07/03/2019 12:35

** Sensirion  SENSI.S  shares fall nearly 14 percent at 1230
GMT
    ** Swiss sensor maker that floated an IPO last year posted
6.4 million Swiss franc ($6.37 million) net loss for 2018
    ** The consumer segment sales contracted in H2, analysts
from Bank Vontobel say, while revenue growth in the industrial
segment slowed; only the medical sensors division showed
acceleration
    ** Vontobel's Michael Foeth said the company's muted outlook
for flat to 9 percent revenue growth is below expectations and
demonstrates that Sensirion "is not immune to the overall macro
environment"
    ** Sensirion shares rose nearly 60 percent in the six months
following the Staefa-based company's IPO last March, but have
fallen 42 percent since hitting a high of more than 70 francs
per share in late Sept
    
($1 = 1.0047 Swiss francs)

 (RM://j.miller.thomsonreuters.com@reuters.net)