25.03.2014
InTiCa Systems AG DE0005874846
DGAP-News: InTiCa Systems: Growth in the Automotive Technology segment lifted sales and earnings in 2013
DGAP-News: InTiCa Systems AG / Key word(s): Preliminary Results
InTiCa Systems: Growth in the Automotive Technology segment lifted
sales and earnings in 2013
25.03.2014 / 07:30
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Group sales increased to EUR 37.8 million (2012: EUR 36.3 million)
Automotive Technology segment grew sales 23.9% to EUR 22.5 million (2012:
EUR 18.1 million)
Gross profit margin improved to 39.7% (2012: 36.9%)
EBITDA rose to EUR 5.7 million (2012: EUR 4.5 million)
Pre-tax earnings positive at EUR 0.5 million (2012: minus EUR 0.5 million)
Passau, March 25, 2014 - InTiCa Systems AG (Prime Standard, ISIN
DE0005874846, Ticker IS7) today announced provisional, unaudited figures
for fiscal 2013. Sales and earnings increased, principally due to continued
strong growth in the Automotive Technology segment.
Year-on-year, Group sales advanced 4.1% to EUR 37.8 million in 2013 (2012:
EUR 36.3 million). The positive overall development was due to the
continuation of the very dynamic growth trend in the Automotive Technology
segment, where sales increased 23.9% to EUR 22.5 million (2012: EUR 18.1
million). This segment therefore increased its share of total sales to
59.4% (2012: 49.9%). In the Industrial Electronics segment sales fell to
EUR 10.0 million (2012: EUR 12.3 million), while in the Communication
Technology segment sales slipped to EUR 5.4 million (2012: EUR 5.9
million).
The gross profit was EUR 15.0 million in the reporting period (2012: EUR
13.4 million) and the gross profit margin improved to 39.7% (2012: 36.9%).
There was a further improvement in production efficiency and cost savings
were realized in the procurement of goods and in logistics.
EBITDA (earnings before interest, taxes, depreciation and amortization)
therefore increased significantly year-on-year, rising 26.6% to EUR 5.7
million (2012: EUR 4.5 million). As a result, the EBITDA margin improved to
15.1% (2012: 12.4%). EBIT (earnings before interest and taxes) also
increased to EUR 1.0 million (2012: EUR 23 thousand), giving an EBIT margin
of 2.7% (2012: 0.06%). The Group made a profit before taxes of EUR 0.5
million in 2013 (2012: loss of EUR 0.5 million).
The operating cash flow was EUR 3.8 million in 2013 (2012: EUR 3.5
million). As a result of cash outflows of EUR 3.7 million for investing
activities (2012: EUR 1.2 million) and EUR 0.7 million for financing
activities (2012: EUR 0.8 million), overall there was a cash outflow of EUR
0.6 million (2012: cash inflow EUR 1.5 million).
Cash and cash equivalents amounted to EUR 1.3 million as of December 31,
2013, on the same level as in the previous year. The equity ratio was 57%
at year end (2012: 58%).
The outlook for the present financial year and the future development of
the segments will be announced when the annual report for 2013 is published
on April 24, 2014. The annual report containing the audited consolidated
financial statements for 2013 will be available for download from the
Investor Relations section of InTiCa Systems' website at
www.intica-systems.de.
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. 450 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
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25.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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