24.08.2016 InTiCa Systems AG  DE0005874846

DGAP-News: Interim report published: stable earnings trend, healthy sales growth and international expansion


 
DGAP-News: InTiCa Systems AG / Key word(s): Half Year Results Interim report published: stable earnings trend, healthy sales growth and international expansion 24.08.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Sales grew by 1.4% to EUR 22.9 million (H1 2015: EUR 22.6 million) EBIT margin stable at 2.9% (H1 2015: 2.9%) Net profit amounted to EUR 0.4 million (H1 2015: EUR 0.4 million) Operating cash flow increased to EUR 2.3 million (H1 2015: EUR 1.2 million) Subsidiary in Mexico established Passau, August 24, 2016 - InTiCa Systems AG (Prime Standard, ISIN DE0005874846, ticker IS7) today published the interim report for the first half year of 2016. In addition to a moderate sales growth and a stable earnings trend, InTiCa Systems AG realized a number of milestones in the first half year 2016 on the way to achieve its strategic goals. The technology center in Passau was opened and significant progress regarding the establishment of the new production site in Mexico was made. Sales and earnings position In the first six months of 2016, Group sales rose 1.4% to EUR 22.9 million (H1 2015: EUR 22.6 million). While sales in the Automotive Technology segment increased slightly from EUR 18.6 million to EUR 18.7 million, the Industrial Electronics segment posted an increase of 6.0% year-on-year to EUR 4.2 million (H1 2015: EUR 4.0 million). The cost of materials relative to total output was considerably lower than in the prior-year period at 54.6% (H1 2015: 58.8%). By contrast, the personnel expense ratio rose considerably from 19.4% to 21.8% as a result of an increase in the headcount. EBITDA (earnings before interest, taxes, depreciation and amortization) was constant compared with the previous year at EUR 2.9 million (H1 2015: EUR 2.9 million). The EBITDA margin slipped slightly from 12.7% to 12.6%. EBIT (earnings before interest and taxes) was EUR 0.7 million, also on a par with the previous year (H1 2015: EUR 0.7 million). The EBIT margin was also unchanged at 2.9% in the reporting period (H1 2015: 2.9%). In the first six months of 2016, EBIT was EUR 0.7 million in the Automotive Technology segment (H1 2015: EUR 1.2 million) and minus EUR 42 thousand in the Industrial Electronics segment (H1 2015: minus EUR 520 thousand). The financial result was minus EUR 0.2 million in the reporting period (H1 2015: minus EUR 0.2 million) and tax expense was EUR 6 thousand (H1 2015: EUR 61 thousand). The net profit amounted to EUR 0.4 million in the reporting period (H1 2015: EUR 0.4 million). Earnings per share were EUR 0.10 (H1 2015: EUR 0.09). The operating cash flow improved significantly to EUR 2.3 million in the first half of 2016 (H1 2015: EUR 1.2 million). Since capital expenditures were lower than in the prior-year period and the company took out a long- term loan, the total cash flow in the reporting period was positive at EUR 0.7 million (H1 2015: outflow of EUR 5.4 million). The equity ratio remained constant at 41% in the reporting period (December 31, 2015: 41%). Outlook and international expansion Business performance in the first six months was in line with the Board of Directors' expectations so it is retaining its outlook for fiscal 2016. At present, the Board of Directors still assumes that, given a stable economic environment, Group sales will rise by around 10% to EUR 47 million in 2016 and the EBIT margin will remain at over 2%. In autumn this year, a small- scale serial production for a customer at individual plants shall start at the new site in Mexico. In the first half of 2017, it is intended to start operation of the first full-scale production line for two customers. "Internationalization is the basis of our growth strategy," comments Dr. Gregor Wasle, Spokesman of the Board of Directors of InTiCa Systems AG, on the significance of the international expansion. "The aim is to give InTiCa Systems a "global footprint" outside Europe. As the first step, we want to supply customers in our established business locally, in line with the "follow the customer" principle. That is why we selected Mexico for our new site. Mexico is the world's fourth largest automobile exporter and one of the most important production locations for the international automotive industry." Accordingly, the development of the new plant in Mexico was driven forward in the second quarter of 2016 and important milestones were reached. The new subsidiary Sistemas Mecatrónicos InTiCa S.A.P.I. de C.V. was established and the decision for the location was made. In an industrial park in Silao in the state of Guanajuato in the Bajio region, where other well-known international automotive suppliers are located, InTiCa Systems AG rented a production facility with more than 5,000 sqm production space. "All our main customers are located within a radius of about 200 km to our new location. At present about 70% of components are imported. There is therefore correspondingly high demand for local suppliers. Thanks to the North American Free Trade Agreement (NAFTA) and similar agreements with more than 40 countries, Mexico also offers good access to many attractive markets. Favourable wages and good to very good training standards are further advantages of a location in this country, which has over 120 million inhabitants," added Günther Kneidinger, Member of the Board of Directors. The complete interim report for the first half year of 2016 is available for download from the Investor Relations section of InTiCa Systems' website at www.intica-systems.com. 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 550 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. --------------------------------------------------------------------------- 24.08.2016 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. Archive at 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 495175 24.08.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 50,09 47,92 65,73 71,07 95,74 90,74 88,00
EBITDA1,2 5,80 3,36 7,36 6,70 9,28 8,37 5,70
EBITDA-Marge3 11,58 7,01 11,20 9,43 9,69 9,22
EBIT1,4 1,47 -0,95 2,11 0,74 3,40 2,35 -0,35
EBIT-Marge5 2,93 -1,98 3,21 1,04 3,55 2,59 -0,40
Jahresüberschuss1 0,73 -1,31 1,13 -0,12 1,96 1,62 -1,12
Netto-Marge6 1,46 -2,73 1,72 -0,17 2,05 1,79 -1,27
Cashflow1,7 3,17 2,12 9,80 6,61 3,97 7,42 0,00
Ergebnis je Aktie8 0,17 -0,31 0,27 -0,03 0,46 0,38 -0,26
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
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InTiCa Systems
WKN Kurs in € Einschätzung Börsenwert in Mio. €
587484 4,180 Halten 17,92
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,00 27,88 0,39 48,61
KBV KCV KUV EV/EBITDA
0,83 2,42 0,20 4,75
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 14.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2024 08.08.2024 15.11.2023 30.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-15,50% -31,86% -34,69% -45,71%
    
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Elektrotechnik , 587484 , IS7 , XETR:IS7