InTiCa Systems AG — Earnings Release 2007

Apr 14, 2008

News Details

Corporate | 14 April 2008 07:55

InTiCom Systems Aktiengesellschaft: InTiCom Systems announces final results for 2007

InTiCom Systems Aktiengesellschaft / Final Results

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

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• Sales 2007 gain 1.7 percent to reach EUR 38.1 million (2006: EUR 37.5
million)
• EBIT 2007 comes to EUR 0.9 million (2006: EUR 2.3 million)at a net
income of EUR 1.0 million (2006: EUR 1.6 million)
• Increase in liquidity to EUR 15.5 million (2006: EUR 13.8 million)

Passau, April 14, 2008 – At today’s Supervisory Board meeting, Board of
Directors and Supervisory Board established the consolidated financial
statements 2007 of InTiCom Systems AG (ISIN DE0005874846, Prime Standard).
In the past fiscal year, the Group recorded a sales increase of 1.7 % over
the previous year to reach EUR 38.1 million.

With roughly EUR 33.0 million, the Communication segment was the mainstay
of Group sales. The Automotive segment contributed EUR 4.9 million while
the Industry segment, which is still being developed, achieved sales of
roughly a quarter million euros.

The requirement for depreciation of already capitalized customer specific
development services and components due to the loss of a customer and the
corresponding revaluation of receivables resulted in an increase in
depreciation in the past fiscal year to EUR 2.1 million after roughly
EUR 1.0 million in 2006. This leads to an EBIT of EUR 0.9 million (2006:
EUR 2.3 million).

The net income amounted to EUR 1.0 million (2006: EUR 1.6 million),
corresponding with earnings of EUR 0.24 per share (2006: EUR 0.37).

Capital expenditures in the total year 2007 amounted to approximately EUR
6.3 million, thus coming out EUR 2.8 million below the prior-year amount of
EUR 9.1 million. Chief beneficiaries were the capacity expansions at the
production location in Czechia (construction costs and machinery
expenditure) and the provision of further development capacity in Passau
and Neufelden.

The cash flow from operating activities added up to EUR 4.6 million in
2007, considerably above the prior-year operating cash flow of EUR 0.7
million. Thus a major portion of the Group’s capital expenditures could be
financed on the strength of its operating activities, and liquidity was
raised from EUR 13.8 million (2006) to EUR 15.5 million as of December 31,
2007. At an equity ratio of 59 %, the Group’s total assets rose to EUR 43.9
million (+ 14.1 % over prior year).

Now that new CEO Mr. Walter Brückl has joined the Board of Directors,
planning for the current fiscal year is being prepared. A sales and profit
forecast is scheduled for completion and announcement ahead of the Annual
General Meeting on May 29, 2008.

Contrary to previous planning, the press conference and the analysts’
conference will not take place on April 23, 2008 within the framework of an
investor conference in Munich. The new appointed day is May 30, 2008,
subsequent to the Annual General Meeting to be held on May 29 this year.

The annual report 2007 will be available for download at
www.inticom-systems.de in the section Investor Relations from April 30,
2008.

InTiCom Systems AG
The Board of Directors

For further information, please contact:
Walter Brückl
CEO
Phone: +49 – (0)851 – 966 92 – 0
Fax: +49 – (0)851 – 966 92 – 15
E-mail: investor.relations@inticom-systems.de

14.04.2008 Financial News transmitted by DGAP

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
Internet: www.InTiCom-Systems.de
ISIN: DE0005874846
WKN: 587484

End of News DGAP News-Service

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