InTiCa Systems AG — Earnings Release 2005

Apr 25, 2006

News Details

Corporate | 25 April 2006 07:30

InTiCom Systems Aktiengesellschaft:

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— • Revenues of InTiCom Systems 2005 with EUR 35.0 million nearly doubled • Net income 2005 of EUR 2.2 million more than doubled • Push of capital expenditure in 2005 of EUR 5.9 million secures future earnings Passau, April 25th, 2006 – InTiCom Systems AG (ISIN DE0005874846, Prime Standard) accelerated also in the fourth quarter of fiscal 2005 the speed of growth and achieved revenues in 2005 of EUR 35.0 million (prior year EUR 19.5 million). This represents a revenue increase of 80 %. Even more impressive are the operational earnings increases of EBITDA by almost 170 % to EUR 4.1 million (prior year EUR 1.5 million) and EBIT by more than 180 % to EUR 3.5 million (prior year EUR 1.2 million). Earnings before taxes EBT tripled their amount to EUR 3.6 million (prior year EUR 1.2 million) and net income could be more than doubled to EUR 2.2 million (prior year EUR 1.0 million), whereas in the year before virtually no taxes were paid due to the expenses of the IPO. The over-proportional rise in earnings of InTiCom Systems in fiscal 2005 is also mirrored in earnings per share of EUR 1.69, which exceeded last years amount of EUR 0.78 by more than 116 %. DSL splitters for subscribers and national telecommunications companies continue to be the main sales drivers. Business abroad was the major growth contributor. In order to more successfully serve and gain share in the rapidly-growing domestic and international markets for xDSL, the company has decisively expanded its production capacity in Greece. In combination with the new production site for the automotive area in the Czech Republic, InTiCom Systems spent some EUR 5.9 million to expand the degree of automation and to purchase new machinery in 2005 to create additional capacities to meet demand. According to the company’s strategy, the automotive area is to be strengthened and expanded to form a second main pillar alongside xDSL. The operating cash flow of EUR 2.9 million (prior year EUR 1.6 million) once again reflects the operating strength of InTiCom Systems. Group liquidity, which consists of available-for-sale financial securities (EUR 9.2 million) and cash and cash equivalents (EUR 1.5 million) totalled EUR 10.7 million in 2005, compared to the prior year’s figure of EUR 10.3 million. The order book at InTiCom Systems amounted to EUR 12.6 million as of 31 December 2005 (2004: EUR 9.7 million) with an order backlog of three months. The full-year effect from the automotive segment will not be felt until 2007, as production is only scheduled to begin in the middle of 2006. The VDSL segment holds tremendous potential for InTiCom Systems. This is due to the expansion of the VDSL network in Germany, and particularly to VDSL activities in Europe excluding Germany, which involve numerous systems suppliers. Experts predict that VDSL technology will have growth rates at least as high as those seen for DSL technology. And these forecasts are continuously being revised in terms of both the speed of expansion forecasted and the number of connections. InTiCom Systems AG Board of Management Annual accounts press conference and analysts` meeting (DVFA) at 02:00 p.m. on April 25th, 2006 in the offices of Concord Effekten AG, Ground Floor, Conference Room Große Gallusstraße 9 60311 Frankfurt / Main For further details of the annual accounts and the complete annual report 2005 please use www.inticom-systems.de/en/quarterly_report.html or please contact: Dieter Schopf Board Member Phone: +49 – (0)851 – 966 92 – 0 Fax: +49 – (0)851 – 966 92 – 15 mailto: d.schopf@inticom-systems.de (c)DGAP 25.04.2006 ————————————————————————— language: English emitter: InTiCom Systems Aktiengesellschaft Spitalhofstraße 94 94032 Passau Deutschland phone: +49 (0)851 9 66 92-0 fax: +49 (0)851 9 66 92-15 email: info@InTiCom-Systems.de WWW: www.InTiCom-Systems.de ISIN: DE0005874846 WKN: 587484 indexes: stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————