DGAP-News: InTiCa Systems AG

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 investor.relations@intica-systems.de

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.

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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: investor.relations@intica-systems.de 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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