InTiCa Systems AG

Earnings Release • Mar 18, 2011

News Details

Ad-hoc | 18 March 2011 11:57

InTiCa Systems AG: Earnings still held back by high unit costs and one-off costs in Q4 of 2010

InTiCa Systems AG / Key word(s): Preliminary Results

18.03.2011 11:57

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

In 2010, sales increases by 34% to EUR 31.2 million, EBITDA was around EUR
2.9 million (2009: EUR 3.million), EBIT was around minus EUR 1.5 million
(2009: minus EUR 0.5 million)

Passau, March 18, 2011 - In Q4 2010 InTiCa Systems' earnings were still
held back by high unit costs. The principal reasons for this were rising
raw material costs, which could not be passed on to customers immediately,
combined with an unfavourable sales split across the product portfolio and
exceptionally high transport costs to meet delivery obligations. Overall,
in fiscal year 2010, the unit cost increase was approximately EUR 2,0
million above budget. Much of the cost increases mentioned above had a
negative effect on the business mainly in the second half of 2010.

The rise in production staff, which is geared to achieving the 2011 sales
target, increased personnel expenses by around EUR 0.2 million in Q4 2010.

Earnings in 2010 were also adversely impacted by write-downs of EUR 0.3
million as a result of the business trend in Q4 and the preparation of the
annual financial statements for the fiscal year.

InTiCa Systems therefore expects to report sales growth of 34% to EUR 31.2
million in fiscal 2010 (2009: EUR 23.3 million), with EBITDA of around EUR
2.9 million (2009: EUR 3,0 million) and EBIT of around minus EUR 1.5
million (2009: minus EUR 0.5 million).

The Board of Directors is sticking to its previously communicated sales
guidance of over EUR 40 million in 2011. It expects the company to be
turned around this year and to report a steady positive earnings trend.

The final figures and the complete annual report for 2010 will be published
on April 20, 2011.

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 450 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

18.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

---