DGAP-News: InTiCa Systems AG: InTiCa Systems AG publishes the annual report for FY 2012 and confirms the preliminary figures
(firmenpresse) - DGAP-News: InTiCa Systems AG / Key word(s): Final Results
InTiCa Systems AG: InTiCa Systems AG publishes the annual report for
FY 2012 and confirms the preliminary figures
24.04.2013 / 07:26
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Revenues of EUR 36.3 million and EBITDA of EUR 4.5 million confirmed
Net loss amounts to minus EUR 0.4 million (2011: net profit of EUR 0.8
million)
For FY 2013 group sales of around EUR 40 million and an EBIT-Margin of
around 3% expected
Revenue in Q1 2013 up by 11% compared to FY 2012 to around EUR 9.9 million,
EBITDA of more than EUR 1.4 million expected (EBITDA margin of 14.3%)
Passau, April 24, 2013 - InTiCa Systems AG, quoted in the Prime Standard of
the Frankfurt Stock Exchange (ISIN DE0005874846, Ticker IS7), today
publishes the annual report for FY 2012 and confirms the previously
announced preliminary figures.
'In 2012 InTiCa Systems had to contend with difficult business conditions
in the Industrial Electronics and Communication Technology segments. The
sharp downturn on the solar power market and the unrelentingly tough
competition among suppliers to the telecommunications sector resulted in
substantial declines in both segments, which we were unable to offset
despite the consistently positive trend in our third segment, Automotive
Technology. This situation was compounded by the deterioration in economic
conditions in the last two quarters of the year, which had a further
negative impact on volumes. As a consequence, the Group's financial
performance was down year-on-year and we were unable to prevent it making a
loss', concluded Walter Brückl, CEO of InTiCa Systems AG for FY 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 10.25 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. Despite lower sales, the gross profit margin
increased to 36.9% (2011: 36.2%) thanks to a further improvement in
production efficiency, and cost savings in procurement, logistics and
manufacturing. Gross profit was EUR 13.4 million (2011: EUR 15.0 million).
EBIT (earnings before interest and taxes) was EUR 23 thousand in 2012
(2011: EUR 1.2 million), giving an EBIT margin of 0.06% (2011: 3.0%). Only
the Automotive Technology segment posted positive EBIT (EUR 1.0 million
compared with EUR 1.1 million in 2011). Industrial Electronics only
reported slightly negative EBIT of minus EUR 0.1 million (2011: EUR 0.2
million) while EBIT in the Communication Technology segment was minus EUR
0.9 million (2011: EUR 2 thousand).
The financial result was minus EUR 0.5 million in 2012 (2011: minus EUR
0.6 million). Financial expense was reduced from EUR 0.64 million in 2011
to EUR 0.49 million in 2012. At the same time, financial income dropped
from EUR 0.04 million to EUR 0.01 million.
The Group made a loss before taxes of EUR 0.5 million in 2012 (2011: profit
of EUR 0.6 million). Taking into account tax income of EUR 0.1 million
(2011: EUR 0.2 million), the Group made a net loss of EUR 0.4 million
(2011: net profit of EUR 0.8 million). Earnings per share were therefore
minus EUR 0.09 (2011: EUR 0.20).
Business performance in the first quarter of 2013 was considerably better
than in the previous year, with sales of around EUR 9.9 million (Q1 2012:
EUR 8.9 million). The rise was mainly due to a positive trend in the
Automotive Technology and Communication Technology segments.
Therefore the Board of Directors expects for the first quarter an EBITDA of
more than EUR 1.4 million and positive earnings before tax of almost EUR
0.2 million
Orders on hand as of March 31, 2013 were around EUR 34 million,
considerably higher than a year earlier (March 31, 2012: EUR 27.6 million).
For 2013 as a whole, the Board of Directors currently expects to report
perceptible sales and earnings growth - based on the assumption of at least
modest overall economic growth. Overall, the Board of Directors expects
Group sales in 2013 to be around EUR 40 million, with an EBIT margin of
around 3%.
The full annual report with the audited statements 2012 is 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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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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208182 24.04.2013
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Datum: 24.04.2013 - 07:26 Uhr
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