Earnings Release • Mar 21, 2013
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 21 March 2013 07:43
InTiCa Systems AG: Pre-tax loss due to economic downturn in fourth quarter of 2012
InTiCa Systems AG / Key word(s): Preliminary Results
21.03.2013 / 07:43
Sales were EUR 36.3 million in 2012 (2011: EUR 41.5 million)
Gross profit margin slightly improved to 36.9% (2011: 36.2%)
EBITDA was EUR 4.5 million (2011: EUR 6.2 million)
EBIT remained positive at EUR 0.02 million (2011: EUR 1.2 million)
Passau, March 21, 2013 – InTiCa Systems AG (Prime Standard, ISIN DE0005874846, Ticker IS7) today announced preliminary, unaudited figures for fiscal 2012.
Group sales were EUR 36.3 million in 2012, a decline of 12% compared with the previous year (EUR 41.5 million). The Automotive Technology segment continued its very good development, growing sales by 18% to EUR 18.1 million (2011: EUR 15.4 million). However, this could not offset the 23% drop in sales in the Industrial Electronics segment to EUR 12.3 million (2011: EUR 15.9 million) and the 42% decline to EUR 5.9 million in the Communication Technology segment (2011: EUR 10.3 million).
Despite lower sales, the gross profit margin increased to 36.9% (2011: 36.2%) thanks to a further improvement in the efficiency of production, and cost-savings in procurement, logistics and manufacturing. The gross profit was EUR 13.4 million (2011: EUR 15.0 million).
EBITDA (earnings before interest, taxes, depreciation and amortization) declined to EUR 4.5 million (2011: EUR 6.2 million) in line with the reduction in business volume. The EBITDA margin was 12.4% (2011: 14.9%). EBIT (earnings before interest and taxes) remained positive at EUR 23 thousand in 2012 (2011: EUR 1.2 million) and the EBIT margin was around 0.1% (2011: 3.0%). However, the Group made a pre-tax loss of EUR 0.5 million (2011: profit of EUR 0.6 million).
The overall cash flow developed far more positively, rising to EUR 1.5 million in 2012 (2011: EUR 0.6 million) as a result of repayment of a bonded loan.
The forecast for the present financial year and the outlook for the segments will be announced when the annual report for 2012 is published.
The full annual report with the audited statements 2012 will be published on 24. April 2013 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
CONTACT Walter Brückl | CEO
PHONE +49 (0) 851 – 966 92 – 0
FAX +49 (0) 851 – 966 92 – 15
MAIL [email protected]
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. 430 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 nor 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
21.03.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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 | |
| 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 |
| - - - |
| 204676 21.03.2013 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.