DGAP-News: InTiCa Systems AG: Increase in Revenues of 33% and best operating result (EBITDA) in company history in fiscal 2011
(firmenpresse) - DGAP-News: InTiCa Systems AG / Key word(s): Preliminary
Results/Preliminary Results
InTiCa Systems AG: Increase in Revenues of 33% and best operating
result (EBITDA) in company history in fiscal 2011
20.03.2012 / 07:27
---------------------------------------------------------------------
CONTACT Walter Brückl | CEO
PHONE +49 (0) 851 - 966 92 - 0
FAX +49 (0) 851 - 966 92 - 15
MAIL investor.relations(at)intica-systems.de
Increase in Revenues of 33% and best operating result (EBITDA) in company
history in fiscal 2011
Revenues increase from EUR 31.2 million to EUR 41.5 million in 2011 (+33%)
EBITDA more than doubles to EUR 6.1 million (2010: EUR 2.9 million)
EBIT improves to EUR 1.2 million (2010: minus EUR 1.4 million), EBIT-margin
reaches 3.0%
Pre-tax profit with EUR 0.6 million turns positive (2010: minus EUR 1.8
million)
Passau, March 20, 2012 - InTiCa Systems AG, quoted in the Prime Standard of
the Frankfurt Stock Exchange (ISIN DE0005874846, Ticker IS7), today
publishes the preliminary financial figures for FY 2011. The company was
able to increase revenues year over year by 33% from EUR 31.2 million to
EUR 41.5 million. Growth drivers in the group again were the Automotive
Technology segment with an increase of 54% to EUR 15.4 million (2010: EUR
10.0 million) and the Industrial Electronics segment with an increase of
73% to EUR 15.9 million (2010: EUR 9.2 million). Revenues in the segment
Communication Technology continued to decrease to EUR 10.3 million (2010:
EUR 12.1 million).
The unit costs, which had been rising in 2010 and had decreased the profit,
could successfully be reduced by the company in 2011. Thus, the gross
margin increased from 31% to 36%.
As a result, EBITDA (earnings before interest, tax and depreciation) more
than doubled and increased from EUR 2.9 million to EUR 6.1 million.
EBITDA-margin increased accordingly from 9% to 15% and reached the highest
level in company history.
Also, EBIT (earnings before interest and tax) improved for the reporting
period to EUR 1.2 million (2010: minus EUR 1.4 million). The EBIT-margin
reached 3%. Pre-tax profit rose to a distinctively positive value of EUR
0.6 million (2010: minus EUR 1.8 million).
Moreover, in fiscal 2011, a positive cash flow of EUR 0.6 million was
realized. Compared to the previous year's figure of minus EUR 5.2 million,
this represents an enormous improvement of EUR 5.8 million.
After a slow start in the first quarter of 2012, which was expected by the
Board of Directors, for the time being a stable development of earnings and
profitability is forecasted for fiscal 2012, based on the assumption of an
at least moderate economic growth despite the challenging situation of the
German solar industry and the ongoing economic uncertainties, especially in
the euro zone.
The full annual report with the audited statements 2011 will be published
on 24. April 2012 and is then available for download on the Internet site
of InTiCa Systems under www.intica-systems.de in the Investor Relations
section.
InTiCa Systems AG
The Board of Directors
About InTiCa Systems:
InTiCa Systems is a European leader in the development, manufacture and
commercialization of inductive components, passive analogue switching
technology and mechatronic assemblies. It operates in the Automotive
Technology, Communication Technology and Industrial Technology segments and
has ca. 410 employees at its sites in Passau (Germany) and Prachatice
(Czech Republic).
The Automotive Technology segment focuses on innovative products that raise
the comfort and safety of cars, improve the performance of electric and
hybrid vehicles and reduce carbon emissions. InTiCa Systems' Communication
Technology segment is the German market leader in splitters for the
transmission of broadband signals, while the Industrial Electronics segment
develops and manufactures mechatronic assemblies for the solar industry and
other industrial applications.
Forward-looking Statements and Predictions
This press release contains statements and forecasts referring to the
future development of InTiCa Systems AG which are based on current
assumptions and estimates by the management that are made using information
currently available to them. If the underlying assumptions do not
materialize, the actual figures may differ substantially from such
estimates. Future developments and results are in fact dependent on a large
number of factors; they contain different risks and imponderables and are
based on assumptions that may not be accurate. We neither intend not assume
any obligation to update forward-looking statements on an ongoing basis as
these are based exclusively on the circumstances prevailing on the date of
publication.
End of Corporate News
---------------------------------------------------------------------
20.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: InTiCa Systems AG
Spitalhofstraße 94
94032 Passau
Germany
Phone: 0851 / 96692 0
Fax: 0851 / 96692 15
E-mail: investor.relations(at)intica-systems.de
Internet: www.intica-systems.de
ISIN: DE0005874846
WKN: 587484
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
161240 20.03.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.03.2012 - 07:27 Uhr
Sprache: Deutsch
News-ID 126267
Anzahl Zeichen: 7613
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 241 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: InTiCa Systems AG: Increase in Revenues of 33% and best operating result (EBITDA) in company history in fiscal 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
InTiCa Systems AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
