23.03.2016
InTiCa Systems AG DE0005874846
DGAP-News: InTiCa Systems AG publishes preliminary results for FY 2015
DGAP-News: InTiCa Systems AG / Key word(s): Preliminary Results
InTiCa Systems AG publishes preliminary results for FY 2015
23.03.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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Group sales EUR 42.4 million (2014: EUR 40.5 million)
Automotive Technology segment grew sales 25% to EUR 35.0 million (2014: EUR
28.0 million)
EBITDA more than doubled to EUR 5.2 million (2014: EUR 2.4 million)
Clearly positive EBIT of EUR 0.7 million (2014: minus EUR 2.5 million)
Positive outlook for business performance in 2016
Passau, March 23, 2016 - InTiCa Systems AG (Prime Standard, ISIN
DE0005874846, ticker IS7) today announced provisional, unaudited figures
for the 2015 financial year. This supplier of solutions for automotive
technology and industrial electronics has recovered well from the negative
one-off effects of the insolvency of a major customer at the end of 2014.
In particular, InTiCa Systems AG posted a clearly positive operating result
in the past financial year.
In figures, this is reflected in a rise of 4.8% in Group sales to EUR 42.4
million (2014: EUR 40.5 million). Despite some revenue shifts in the fourth
quarter, the Automotive Technology segment grew sales revenues 25.2% to EUR
35.0 million (2014: EUR 28.0 million). In the Industrial Electronics
segment, by contrast, sales revenues declined by 40.9% to EUR 7.4 million
(2014: EUR 12.5 million). The Automotive Technology segment therefore
increased its share of Group sales further to 82.5% (2014: 69.1%).
The gross profit was EUR 17.8 million in the reporting period (2014: EUR
14.9 million) and the gross profit margin improved from 36.7% to 42.0%.
EBITDA (earnings before interest, taxes, depreciation and amortization)
more than doubled compared with the previous year to EUR 5.2 million (2014:
EUR 2.4 million). As a result, the EBITDA margin improved to 12.2% (2014:
5.9%). EBIT (earnings before interest and taxes) was also clearly positive
again at EUR 0.7 million (2014: minus EUR 2.5 million), giving an EBIT
margin of 1.7%. The Group made a pre-tax profit of EUR 0.3 million in 2015
(2014: loss of EUR 2.9 million).
The operating cash flow totalled EUR 2.6 million in 2015 (2014: EUR 3.1
million). As a consequence of investments, especially in extending the
production facilities and in intangible assets, the cash outflow for
investing activities was EUR 9.0 million (2014: EUR 6.2 million). The cash
inflow from financing activities was EUR 0.3 million (2014: EUR 1.4
million). Overall, there was a cash outflow of EUR 6.1 million in the
reporting period (2014: outflow of EUR 1.6 million).
Cash and cash equivalents amounted to EUR 0.2 million as of December 31,
2015 (December 31, 2014: EUR 1.1 million). On the reporting date InTiCa
Systems had access to overdraft facilities totalling EUR 14.9 million. The
equity ratio was 41% at year-end (2014: 46%).
In view of the good order situation, the Board of Directors anticipates a
further increase in sales and a sustained improvement in the earnings
situation in 2016. A more detailed outlook for the present financial year
and the future development of the segments will be announced when the
annual report for 2015 is published on April 22, 2016.
InTiCa Systems AG
The Board of Directors
CONTACT Dr. Gregor Wasle | CEO
TEL +49 (0) 851 - 966 92 - 0
FAX +49 (0) 851 - 966 92 - 15
EMAIL [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 and Industrial Technology segments and has more than 500
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' 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.
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23.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Munich, Stuttgart
End of News DGAP News Service
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447849 23.03.2016
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