Earnings Release • Apr 24, 2012
Earnings Release
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Corporate | 24 April 2012 08:59
InTiCa Systems AG: InTiCa Systems AG publishes the annual report for FY 2011 and confirms the preliminary figures
InTiCa Systems AG / Key word(s): Final Results
24.04.2012 / 08:59
CONTACT Walter Brückl | CEO
PHONE +49 (0) 851 – 966 92 – 0
FAX +49 (0) 851 – 966 92 – 15
MAIL [email protected]
Revenues of EUR 41.5 million and EBIT of EUR 1.2 million confirmed
Net profit amounts to EUR 0.8 million (2010: minus EUR 2.2 million)
For FY 2012 group sales of around EUR 40 million and an EBIT-Margin of around 3% expected
Passau, April 24, 2012 – InTiCa Systems AG, quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE0005874846, Ticker IS7), today publishes the annual report for FY 2011 and confirms the previously announced preliminary figures. 'InTiCa Systems posted a very pleasing performance in fiscal 2011: sales increased by around 33% to EUR 41.5 million and EBITDA, which is important for operational management of the Group, rose to a new record of EUR 6.2 million', comments Walter Brückl, CEO of InTiCa Systems AG.
Net profit improved significantly year-on-year to EUR 0.8 million (2010: EUR minus 2.2 million). Earnings per share were EUR 0.20 (2010: minus EUR 0.53).
As expected, business was subdued in the first quarter, with sales amounting to around EUR 8.9 million (2011: EUR 10.9 million), but InTiCa Systems still anticipates for the first quarter considerably positive pre-tax earnings and a further improvement in the liquidity situation.
For the whole of 2012, assuming at least moderate economic growth despite the difficult situation in the German solar industry and the continued economic uncertainty, especially in the euro zone, the Board of Directors currently expects group sales in 2012 to be around EUR 40 million, with an EBIT margin of around 3%. It also assumes that the group will achieve an improvement in liquidity in the low single-digit millions range.
The full annual report with the audited statements 2011 is available for download on the Internet site of InTiCa Systems under www.intica-systems.de 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 ca. 410 employees at its sites in Passau (Germany) and Prachatice (Czech Republic).
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.
Forward-looking Statements and Predictions
This press release contains statements and forecasts referring to the future development of InTiCa Systems AG which are based on current assumptions and estimates by the management that are made using information currently available to them. If the underlying assumptions do not materialize, the actual figures may differ substantially from such estimates. Future developments and results are in fact dependent on a large number of factors; they contain different risks and imponderables and are based on assumptions that may not be accurate. We neither intend not assume any obligation to update forward-looking statements on an ongoing basis as these are based exclusively on the circumstances prevailing on the date of publication.
End of Corporate News
24.04.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | InTiCa Systems AG |
| Spitalhofstraße 94 | |
| 94032 Passau | |
| Germany | |
| Phone: | 0851 / 96692 0 |
| Fax: | 0851 / 96692 15 |
| E-mail: | [email protected] |
| Internet: | www.intica-systems.de |
| ISIN: | DE0005874846 |
| WKN: | 587484 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 166243 24.04.2012 |
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