Earnings Release • Mar 20, 2012
Earnings Release
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Corporate | 20 March 2012 07:27
InTiCa Systems AG: Increase in Revenues of 33% and best operating result (EBITDA) in company history in fiscal 2011
InTiCa Systems AG / Key word(s): Preliminary Results/Preliminary Results
20.03.2012 / 07:27
CONTACT Walter Brückl | CEO
PHONE +49 (0) 851 – 966 92 – 0
FAX +49 (0) 851 – 966 92 – 15
MAIL [email protected]
Increase in Revenues of 33% and best operating result (EBITDA) in company history in fiscal 2011
Revenues increase from EUR 31.2 million to EUR 41.5 million in 2011 (+33%)
EBITDA more than doubles to EUR 6.1 million (2010: EUR 2.9 million)
EBIT improves to EUR 1.2 million (2010: minus EUR 1.4 million), EBIT-margin reaches 3.0%
Pre-tax profit with EUR 0.6 million turns positive (2010: minus EUR 1.8 million)
Passau, March 20, 2012 – InTiCa Systems AG, quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE0005874846, Ticker IS7), today publishes the preliminary financial figures for FY 2011. The company was able to increase revenues year over year by 33% from EUR 31.2 million to EUR 41.5 million. Growth drivers in the group again were the Automotive Technology segment with an increase of 54% to EUR 15.4 million (2010: EUR 10.0 million) and the Industrial Electronics segment with an increase of 73% to EUR 15.9 million (2010: EUR 9.2 million). Revenues in the segment Communication Technology continued to decrease to EUR 10.3 million (2010: EUR 12.1 million).
The unit costs, which had been rising in 2010 and had decreased the profit, could successfully be reduced by the company in 2011. Thus, the gross margin increased from 31% to 36%.
As a result, EBITDA (earnings before interest, tax and depreciation) more than doubled and increased from EUR 2.9 million to EUR 6.1 million. EBITDA-margin increased accordingly from 9% to 15% and reached the highest level in company history.
Also, EBIT (earnings before interest and tax) improved for the reporting period to EUR 1.2 million (2010: minus EUR 1.4 million). The EBIT-margin reached 3%. Pre-tax profit rose to a distinctively positive value of EUR 0.6 million (2010: minus EUR 1.8 million).
Moreover, in fiscal 2011, a positive cash flow of EUR 0.6 million was realized. Compared to the previous year’s figure of minus EUR 5.2 million, this represents an enormous improvement of EUR 5.8 million.
After a slow start in the first quarter of 2012, which was expected by the Board of Directors, for the time being a stable development of earnings and profitability is forecasted for fiscal 2012, based on the assumption of an at least moderate economic growth despite the challenging situation of the German solar industry and the ongoing economic uncertainties, especially in the euro zone.
The full annual report with the audited statements 2011 will be published on 24. April 2012 and is then 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
20.03.2012 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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| 161240 20.03.2012 |
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