DGAP-News: InTiCa Systems AG: InTiCa Systems AG significantly improves earnings despite economic crisis
(firmenpresse) - InTiCa Systems AG / Preliminary Results
22.03.2010 07:41
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Turnaround with EBIT of EUR 0.1 Mil in H2 2009 (2008: minus EUR 3.1 Mil.)
EBITDA of EUR 3.0 Mil (2008: minus EUR 0.1 Mil)
EBITDA-Margin increases to approx. 13% (2008: minus 3.7%)
Pre Tax Earnings of minus EUR 0.8 Mil (2008: minus EUR 3.9 Mil)
High Revenue growth of 233% and 33% respectively in the segments Industrial
Technology and Automotive Technology
Consolidated Revenue declining to EUR 23.3 Mil due to cyclical factors
(2008: EUR 27.3 Mio.)
(Please note: All figures contained in this press release are preliminary
and unaudited)
Passau, March 22, 2010 - InTiCa Systems AG (ISIN DE0005874846, Prime
Standard, Ticker IS7) was able to significantly improve its earnings in FY
2009 despite the ongoing economic crisis. After the first half of 2009 had
been strongly influenced by the crisis and an internal reorganisation
process, the company was able to regain profitability with a positive EBIT
(Earnings before Interest and Tax) of EUR 0.1 Mil in the second half of
2009 (2008: minus EUR 3.1 Mil). EBITDA (Earnings before Interest Tax,
Depreciation and Amortization) in 2009 amounted to EUR 3.0 Mil (2008: minus
EUR 0.1 Mil) with around two thirds being generated in the second half of
2009. This resulted in an EBITDA-Margin of approx. 13% (2008: minus 3.7%).
Pre Tax Earnings, which had been minus EUR 3.9 Mil in 2008, improved to
minus EUR 0.8 Mil. This proves the effectiveness of the cost savings
program, executed in the previous year.
The segments Automotive Technology and Industrial Technology both were able
to significantly increase their share of overall earnings, growing 33% and
233% respectively, already contributing 42% (2008: 24%) to the consolidated
revenue of EUR 23.3 Mil.
The decrease in consolidated revenue from EUR 27.3 in 2008 to EUR 23.3 Mil
in 2009 was caused by the weakness in the telecommunication market and was
solely due to the development in the segment Communication Technology.
The very positive development in the acquisition of new clients and orders
as well as the success of the executed reorganisation process leave the
board optimistic for the fiscal year of 2010. If the recovery of the
economy continues, InTiCa Systems expects an overall turnover between EUR
28 and 30 Mil and a well positive net profit for 2010.
The full annual report for 2009 will be published on April 22, 2010 and
will be available at 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 more than 280 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
Technologysegment 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(at)intica-systems.de
22.03.2010 07:41 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.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(at)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
End of News DGAP News-Service
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Datum: 22.03.2010 - 02:41 Uhr
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