DGAP-News: InTiCa Systems AG: InTiCa Systems considerably increases quarterly sales and orders on hand
(firmenpresse) - InTiCa Systems AG / Quarter Results
20.05.2010 07:31
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Group Sales increased more than 14% to over 6.4 million in Q1 (2009: EUR
5.6 million)
EBITDA almost doubled year-on-year to over EUR 0.9 million in Q1
EBIT for Q1 was EUR 0.02 million and thus back in the positive range (Q1
2009: minus EUR 0,4 million)
Still slight net loss of EUR 0.08 million for the first quarter (Q1 2009:
net loss of EUR 0.5 million)
Oders on hand exceed EUR 22 million in mid of May and reach all-time high
Passau, May 20, 2010 - Quarterly sales in Q1 2010 of Prime Standard listed
InTiCa Systems AG (ISIN DE0005874846, Symbol: IS7) were more than 14%
higher than in the first quarter of 2009 and Group EBIT was back in the
positive range. After interest and taxes InTiCa Systems still made a slight
net loss. Oders on hand exceed EUR 22 million in mid of May.
Development of sales and earnings in the first three months of 2010
Overall, sales increased to EUR 6.4 million in the first quarter of 2010,
up roughly 14% from EUR 5.6 million in the previous year. Although business
volume in the Communication Technology segment declined to EUR 3.0 million
(Q1 2009: EUR 3.7 million), this was more than offset by the improvement in
sales in the Industrial Electronics and Automotive Technology segments.
Industrial Electronics posted the highest growth of 355%, bringing sales to
EUR 1.6 million (Q1 2009: EUR 0.3 million), while the Automotive Technology
segment lifted first quarter sales more than 16% from EUR 1.6 million to
EUR 1.8 million.
Group EBITDA advanced significantly, rising roughly 98% year-on-year. In
the first three months of 2010 EBITDA was EUR 0.9 million (Q1 2009: EUR 0.5
million).
Communication Technology was the only segment to report negative EBIT in
the first quarter of 2010 (minus EUR 0.3 million in Q1 2010 and Q1 2009).
The Automotive Technology segment lifted EBIT to EUR 0.1 million (Q1 2009:
minus EUR 0.01 million) and Industrial Electronics increased EBIT to EUR
0.2 million (Q1 2009: minus EUR 0.03 million). Overall, Group EBIT was EUR
0.02 million and thus back in the positive range (Q1 2009: minus EUR 0,4
million).
Since the financial result was still negative at around minus EUR 0.1
million (Q1 2009: minus EUR 0.1 million), the Group made a slight net loss
of EUR 0.1 million in the first quarter (Q1 2009: net loss of EUR 0.5
million). Earnings per share were minus EUR 0.02 (Q1 2009: minus EUR 0.12).
Outlook
Since the end of March orders on hand have increased by more than EUR 5
million and currently exceed EUR 22 million. That is an all-time high and
61% above the year-back level. The Board of Directors therefore adheres to
its projections subject to an ongoing recovery of the economic situation in
2010 to allow overall sales growth of more than 20% to around EUR 28-30
million and regards a turnaround as realistic on a full-year basis.
The full interim financial statement for the first three months of 2010 is
available under www.intica-systems 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 more than 295 employees at its sites in Passau (Germany), Prachatice
(Czech Republic) and Neufelden (Austria).
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.
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
20.05.2010 07:31 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: InTiCa Systems AG
Spitalhofstraße 94
94032 Passau
Deutschland
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, München, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 20.05.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 21184
Anzahl Zeichen: 0
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Kategorie:
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