DGAP-News: InTiCa Systems AG: Pre-tax loss due to economic downturn in fourth quarter of 2012
(firmenpresse) - DGAP-News: InTiCa Systems AG / Key word(s): Preliminary Results
InTiCa Systems AG: Pre-tax loss due to economic downturn in fourth
quarter of 2012
21.03.2013 / 07:43
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Sales were EUR 36.3 million in 2012 (2011: EUR 41.5 million)
Gross profit margin slightly improved to 36.9% (2011: 36.2%)
EBITDA was EUR 4.5 million (2011: EUR 6.2 million)
EBIT remained positive at EUR 0.02 million (2011: EUR 1.2 million)
Passau, March 21, 2013 - InTiCa Systems AG (Prime Standard, ISIN
DE0005874846, Ticker IS7) today announced preliminary, unaudited figures
for fiscal 2012.
Group sales were EUR 36.3 million in 2012, a decline of 12% compared with
the previous year (EUR 41.5 million). The Automotive Technology segment
continued its very good development, growing sales by 18% to EUR 18.1
million (2011: EUR 15.4 million). However, this could not offset the 23%
drop in sales in the Industrial Electronics segment to EUR 12.3 million
(2011: EUR 15.9 million) and the 42% decline to EUR 5.9 million in the
Communication Technology segment (2011: EUR 10.3 million).
Despite lower sales, the gross profit margin increased to 36.9% (2011:
36.2%) thanks to a further improvement in the efficiency of production, and
cost-savings in procurement, logistics and manufacturing. The gross profit
was EUR 13.4 million (2011: EUR 15.0 million).
EBITDA (earnings before interest, taxes, depreciation and amortization)
declined to EUR 4.5 million (2011: EUR 6.2 million) in line with the
reduction in business volume. The EBITDA margin was 12.4% (2011: 14.9%).
EBIT (earnings before interest and taxes) remained positive at EUR 23
thousand in 2012 (2011: EUR 1.2 million) and the EBIT margin was around
0.1% (2011: 3.0%). However, the Group made a pre-tax loss of EUR 0.5
million (2011: profit of EUR 0.6 million).
The overall cash flow developed far more positively, rising to EUR 1.5
million in 2012 (2011: EUR 0.6 million) as a result of repayment of a
bonded loan.
The forecast for the present financial year and the outlook for the
segments will be announced when the annual report for 2012 is published.
The full annual report with the audited statements 2012 will be published
on 24. April 2013 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
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
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. 430 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 nor 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
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21.03.2013 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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