DGAP-News: InTiCa Systems AG / Key word(s): Quarter Results InTiCa Systems with a substantial improvement in earnings in the first nine months of 2013 20.11.2013 / 07:30 --------------------------------------------------------------------- Consolidated sales increased by 3.9% year-on-year to EUR 28.6 million (2012: EUR 27.5 million) EBITDA margin improved to 15.1% (2012: 13.2%) EBIT doubled from EUR 0.4 million to EUR 0.8 million Passau, November 20, 2013 - InTiCa Systems AG, quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE0005874846, Ticker IS7), today publishes the interim report for the first nine months of 2013. Figures show that the company is on the right track. There was slight rise of 3.9 percent in sales to EUR 28.6 million and, above all, an improvement in the earnings situation. EBITDA grew 18.2 percent to EUR 4.3 million, operating profit (EBIT) doubled to EUR 0.8 million and net profit strongly increased to EUR 0.4 million. With an EBITDA margin of 15.1 percent and an EBIT margin of 2.7 percent, InTiCa is still on course to achieve its targets at year-end. 'InTiCa Systems AG did well in the first nine months of 2013, though the competitive situation in the markets in which we operate and the economic framework were not always easy. Therefore, the successful cost-savings and improvements in production efficiency were particularly important. In addition, our repositioning from a component producer to a solution provider is continuously bearing fruits. This development is especially well advanced in the Automotive Technology segment. But increasingly positive signals are also coming from our other markets, which is reflected by the fact that orders on hand totalled EUR 38 million on September 30, 2013, a rise of more than 30 percent compared with a year ago. Therefore we are looking forward optimistically', concluded Walter Brückl, CEO of InTiCa Systems AG for the first nine months of 2013. Sales and earnings position In the first nine months of 2013, Group sales increased to EUR 28.6 million, up from EUR 27.5 million in the first nine months of 2012. This corresponds to an increase of 3.9 percent attributable to the extremely positive development of the Automotive Technology segment. This segment lifted sales by around 17 percent while sales contracted slightly in the Communication Technology segment and the Industrial Electronics segment registered a drop of 13 percent as a result of the difficult situation faced by customers in the solar industry. Along with growing sales, InTiCa managed to reduce its material cost ratio and personnel expense ratio, thus considerably improving earnings. EBITDA rose more than 18 percent year-on-year from EUR 3.6 million to EUR 4.3 million while EBIT doubled from EUR 0.4 million to EUR 0.8 million. This had a corresponding impact on profit margins: the EBITDA margin improved from 13.2 percent to 15.1 percent and the EBIT margin increased from 1.4 percent to 2.7 percent. This performance was driven principally by the Automotive Technology segment, which reported EBIT of EUR 1.1 million in the reporting period (9M 2012: EUR 0.8 million) and therefore increased its margin to 6.9 percent (9M 2012: 6.1 percent). Industrial Electronics also posted a clear improvement in the first nine months of 2013, returning to profit with EBIT of EUR 0.2 million (9M 2012: minus EUR 0.1 million), and a margin of 2.5 percent (9M 2012: minus 1.3 percent). Only the Communication Technology segment posted negative EBIT of minus EUR 0.5 million in the first nine months of 2013 (9M 2012: minus 0.4 million). The financial result was minus EUR 0.4 million at the end of the first nine months of 2013 and thus virtually unchanged year-on-year. Taking into account tax expense of EUR 66 thousand (9M 2012: tax income of EUR 19 thousand), the interim result for the Group in the first nine months of 2013 was EUR 0.4 million (9M 2012: EUR 25 thousand). Earnings per share were EUR 0.08 (9M 2012: EUR 0.01). The equity ratio declined slightly to 56 percent at the end of the reporting period, compared with 58 percent as of December 31, 2012. The operating cash flow was clearly positive at EUR 1.2 million in the first nine months of 2013. However, overall there was a cash outflow of EUR 2.0 million in the reporting period (9M 2012: inflow of EUR 0.5 million) due to higher investment in intangible assets and property, plant and equipment, as well as repayment instalments on loans and leasing rates. Outlook Despite the difficult market situation that affected some areas of the business in the third quarter, the Board of Directors of InTiCa Systems AG expects the positive trend to continue over the year as a whole. This is based, not least, on the forecast economic uptrend that has become visible in the past few weeks, and the increase in orders on hand in the Group. Orders totalled EUR 38 million on September 30, 2013, an increase of more than 30 percent compared with the previous year. The Automotive Technology segment should continue to drive sales and earnings. Orders on hand in this segment amounted to EUR 26.5 million as of September 30, 2013, which was almost 70 percent of total orders on hand. But in the medium term, regenerative energies and further new developments in the Industrial Electronics segment should provide further growth impetus. At present the Board of Directors still assumes that there will be a perceptible rise in sales and earnings in FY 2013 as a whole. Overall, it therefore expects Group sales in 2013 to be slightly below EUR 40 million, with an EBITDA margin of around 15 percent and an EBIT margin of around 3 percent. The full interim report for the first nine months of 2013 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 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 --------------------------------------------------------------------- 20.11.2013 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, 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 --------------------------------------------------------------------- 240685 20.11.2013