InTiCa Systems AG

Earnings Release • Nov 3, 2010

News Details

Ad-hoc | 3 November 2010 19:49

InTiCa Systems AG: Break-even will not be achieved in 2010 Sales forecast for 2011 raised to over EUR 40 million

InTiCa Systems AG / Key word(s): Profit Warning/Development of Sales

03.11.2010 19:49

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Passau, November 03, 2010 - Consolidation of the figures for the nine-month
report of InTiCa Systems AG (ISIN DE0005874846, Ticker IS7) has revealed
that costs were around EUR 0.6 million above budget at group level in the
third quarter due to the unfavourable development of unit costs. This was
caused by a combination of bottlenecks and quality issues in the supply of
raw materials, which led to frequent production changeovers at short notice
and production of small batches due to the start-up of new product series,
plus high costs for special deliveries. Also, the unexpected cost burden
was particularly attributable to higher production start-up costs for a
large number of new products.

The plan discrepancy should be largely eliminated in the fourth quarter
thanks to an improvement in the delivery situation at suppliers and more
stable production processes. As a result, unit costs and the corresponding
marginal income should return to a normal level. The additional expenses
incurred up to now are unlikely to be offset in full. As a result, the
company will not achieve a profit for fiscal 2010.

Due to the excellent order situation, the Board of Directors raises its
sales forecast for 2011 from EUR 34 million to over EUR 40 million EUR.
With the current order backlog of around EUR 45 million (2009: EUR 11
million), the Board sees a sales increase by more than 35% compared to 2010
for fiscal year 2011 as realistic.

InTiCa Systems AG

The Board of Directors

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 more than 380 employees at its sites in Passau (Germany), Prachatice
(Czech Republic) and Neufelden (Austria).

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.

CONTACT Walter Brückl | CEO

PHONE +49 (0) 851 - 966 92 - 0

FAX +49 (0) 851 - 966 92 - 15

MAIL investor.relations@intica-systems.de

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Language: English
Company: InTiCa Systems AG
Spitalhofstraße 94
94032 Passau
Deutschland
Phone: 0851 / 96692 0
Fax: 0851 / 96692 15
E-mail: investor.relations@intica-systems.de
Internet: www.intica-systems.de
ISIN: DE0005874846
WKN: 587484
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Berlin, Stuttgart

End of Announcement DGAP News-Service

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