InTiCa Systems AG

Earnings Release • Apr 22, 2010

News Details

Corporate | 22 April 2010 07:45

InTiCa Systems AG: InTiCa Systems AG confirms preliminary results and expects 20% revenue growth in 2010 and as well in 2011

InTiCa Systems AG / Final Results

22.04.2010 07:45

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Sales declining to EUR 23.3 Mil due to competitive conditions and economic
situation (2008: EUR 27.3 Mio.)

EBIT of minus EUR 0.5 million in 2009 (2008: minus EUR 3.8 million)

EBT of minus EUR 0.83 Mio. (2008: minus EUR 3.93 Mio.)

Strong sales growth expected for Industrial Electronics segment of more
than 250% in 2010

InTiCa Systems expects sales growth of more than 20% in 2010 and as well in
2011

Orders on hand doubled at the end of Q1/2010 year-on-year

Passau, April 22, 2010 - InTiCa Systems AG (ISIN DE0005874846, Prime
Standard, Ticker IS7) today confirmed the preliminary results announced in
March and published the full financial report of the group.

Sales and earnings in 2009

Sales dropped 14.8% in fiscal 2009 to EUR 23.3 million (2008: EUR 27.3
million). This was principally due to the reduction in business volume
resulting from competitive conditions and the economic situation, which led
to a massive downturn in the Communication Technology segment.

EBIT (earnings before interest and taxes) increased considerably, but was
still negative at minus EUR 0.5 million. In the previous year, the loss was
around EUR 3.8 million as the company was unable to compensate for the drop
in sales and margins. Unlike the situation 2008, in 2009 earnings were not
affected by one-off factors. Automotive Technology and Industrial
Electronics, which is included in 'Others', both broke even for the first
time in the second quarter of 2009 and reported a further significant
year-on-year rise in sales and earnings in the following two quarters. EBIT
was EUR 0.4 million in the Automotive Technology segment and EUR 0.1
million in Industrial Electronics. Both thus reported clearly positive EBIT
(2008: minus EUR 0.3 million in both cases).

In fiscal 2009, InTiCa Systems reported a pre-tax loss of EUR 0.83 million
(2008: pre-tax loss of EUR 3.93 million). After taxes, the loss was EUR
0.87 million (2008: loss of EUR 3.33 million). Earnings per share were
minus EUR 0.22 (2008: minus EUR 0.78).

Outlook

InTiCa Systems anticipates that new products which have been/are being
developed could stabilize sales trends and generate new growth impetus in
the medium term for the Communication Technology segment. These new
developments are used for copper and fibre optic DSL broadband networks and
to suppress interference in electricity networks. The sales guidance for
2010 is around EUR 12 million, in other words, around the same level as
2009.

The sales guidance for the Automotive Technology segment in 2010 is around
EUR 11 million, which would be a year-on-year rise of around 35%.

Since project times are normally far shorter than in the Automotive
Technology and Communication Technology segments, the Industrial
Electronics unit should start to make a significant contribution to the
company's financial performance this year. The sales guidance for fiscal
2010 is around EUR 6 million, which translates into a year-on-year growth
rate of more than 250%. In the medium term, InTiCa Systems anticipates
growth of more than 40% p.a.

To sum up, the Board of Directors expects ongoing recovery of the economic
situation in 2010 to allow overall sales growth of more than 20% to EUR 28
- 30 million, accompanied by clearly positive pre-tax income. At the end of
the first quarter of 2010, orders on hand had been doubled year-on-year to
EUR 17 million. For fiscal 2011 the management is anticipating sales of
well over EUR 34 million and an even higher rise in earnings. Since net
income is expected to be positive, the Board of Directors still anticipates
a sustained good asset and financial position.

The full annual report for 2009 is available under www.intica-systems in
the Investor Relations section.

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 295 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

22.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.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 Berlin, München, Hamburg, Stuttgart

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