InTiCa Systems SE / DE0005874846

InTiCa Systems SE: Provisional figures for the first nine month, forecast revised

EQS-Ad-hoc: InTiCa Systems SE / Key word(s): Change in Forecast/Profit Warning


08-Nov-2023 / 15:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
  Passau, November 8, 2023 – Based on provisional figures, InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) posted consolidated sales of around EUR 67.5 million in the first nine months of 2023 (9M 2022: EUR 71.2 million) and an EBIT margin of around 0.5% (9M 2022: 3.0%). While the reduction in the Group’s sales was checked by continued high demand in the Industry & Infrastructure segment, lower sales, a further increase in price pressure and higher wage costs in the Automotive segment had a negative impact on margins. Since the volatility of order offtake is likely to remain very high in the fourth quarter as a result of the current geopolitical crises and the transformation of the industrial landscape, the Board of Directors has reviewed its guidance for the full year 2023 on the basis of the provisional figures. So far, it was assumed that the Group would report sales of between EUR 85.0 million and EUR 100.0 million and an EBIT margin most likely at the lower end of the 2.5% to 3.5% range. Now the anticipated sales range is put at between EUR 85 million and EUR 90 million and the range for the expected EBIT margin has been revised to between ?1.0% and +0.5%. The full nine-month report with all figures and an extensive forecast will be published on November 15, 2023.   InTiCa Systems SE   The Board of Directors
CONTACT Dr. Gregor Wasle | CEO TEL +49 (0) 851 – 966 92 – 0 FAX +49 (0) 851 – 966 92 – 15 EMAIL [e-mail]   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 and Industry & Infrastructure segments and has more than 850 employees at its sites in Passau (Germany), Prachatice (Czech Republic), Silao (Mexico) and Bila Tserkva (Ukraine). The Automotive 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’ Industry & Infrastructure 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 SE 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 Inside Information

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08-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	InTiCa Systems SE
	Spitalhofstraße 94
	94032 Passau
	Germany
Phone:	0851 / 96692 0
Fax:	0851 / 96692 15
E-mail:	[e-mail]
Internet:	www.intica-systems.com
ISIN:	DE0005874846
WKN:	587484
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1768471

End of Announcement	EQS News Service

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1768471  08-Nov-2023 CET/CEST