InTiCa Systems AG — Earnings Release 2006

Apr 18, 2007

News Details

Corporate | 18 April 2007 07:00

InTiCom Systems Aktiengesellschaft: Revenue increase 2006 of InTiCom Systems of 7 % to EUR 37.5 million

InTiCom Systems Aktiengesellschaft / Final Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer is solely responsible for the content of this announcement.

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• Revenue increase 2006 of InTiCom Systems of 7 % to EUR 37.5 million
• Renewed push of capital expenditure in 2006 of EUR 9.1 million
(2005: EUR 5.9 million) creates enlarged capacities in the strong growing
automotive electronic business
• Increase in revenues in the first quarter 2007 of approx. 25 % to EUR
11.0 million against last quarter (Q4 / 2006 EUR 8.8 million) acc. to
preliminary figures

Passau/Frankfurt/Main, April 18th, 2007 – InTiCom Systems AG (ISIN
DE0005874846, Prime Standard) achieved revenues in 2006 of EUR 37.5 million
(2005: EUR 35.0 million) and confirmed preliminary figures. This represents
a revenue increase by roughly 7 percent in a financial year where the high
expectations for a fast expansion of the VDSL network started for the
Soccer World Cup in Germany in 2006 were not met. Regardless of existing
supply agreements, InTiCom Systems missed out on scheduled sales on a large
scale for this reason. 'This positive result in spite of all setbacks was
brought about decisively by the DSL business which continues to boom,
providing the company with a growth in DSL splitter unit numbers in excess
of ten percent' commented Dieter Schopf (Board Member of InTiCom Systems
AG) the financial year 2006. The company managed to break even already by
the end of the year with its new business segment automotive electronics,
for which production was started only in mid-year 2006 at the newly set up
production location Prachatice in the Czech Republic.

The group net income in the amount of EUR 1.6 million (2005: EUR 2.2
million) resulted in earnings per share of EUR 0.37 (2005: EUR 0.51), based
on 4,287,000 shares outstanding.

The net profit below the prior-year level is dominated by the significantly
raised preparatory efforts within the context of capacity expansion, the
advancement of the degree of automation, the setup of the production site
for automotive technology in Czechia, and the enhancement of the machinery
thus made necessary.

The operating cash flow of EUR 2.6 million (2005: EUR 2.8 million) gives
proof of the operating strength of InTiCom Systems AG once again. The
reduced cash flow from operating activities of EUR 0.7 million (2005: EUR
1.4 million) is essentially due to inventories which increased by almost
EUR 1.0 million over the previous year for a smooth production start in
Prachatice. The Group’s liquidity, comprised of securities marketable at
any time (EUR 13.3 million) and cash and cash equivalents (EUR 0.5 million)
added up to EUR 13.8 million in the year under report 2006, compared to the
prior-year amount of EUR 10.7 million.

The order backlog of InTiCom Systems came to EUR 13.0 million as of
December 31, 2006 (2005: EUR 12.5 million), with a scope of four months
(2005: three months).

In the first quarter 2007 InTiCom Systems achieved an increase in revenues
of approximately 25 percent to EUR 11.0 million compared to the last
quarter (Q4 / 2006 EUR 8.8 million) according to preliminary figures.
Currently new contracts with major car manufacturers and suppliers to the
automobile industry are closed almost by the month. Efforts are already
being made for future developments of interference suppression for audio
systems or concepts for the control of hybrid technology together with the
car manufacturers. InTiCom Systems expects to generate sales in this field
of EUR 50 to 60 million within the next 5 to 7 years.

InTiCom Systems AG
Board of Management

Annual accounts press conference and analysts` meeting

at 02:00 p.m.
on April 18th, 2007

in the Japan Tower
Conference Room Akita on the third floor
Taunustor 2
60311 Frankfurt / Main

For further details of the annual accounts and the complete annual report
2006 please use
www.inticom-systems.de  English  Investor Relations
 Publications

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

DGAP 18.04.2007

Language: English
Issuer: InTiCom Systems Aktiengesellschaft
Spitalhofstraße 94
94032 Passau Deutschland
Phone: +49 (0)851 9 66 92-0
Fax: +49 (0)851 9 66 92-15
E-mail: info@InTiCom-Systems.de
www: www.InTiCom-Systems.de
ISIN: DE0005874846
WKN: 587484
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hamburg, München, Stuttgart

End of News DGAP News-Service

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