EQS-News

InTiCa Systems SE: Interim Report for H1 2023 published – Improved demand in Q2, but uncertainty remains high

EQS-News: InTiCa Systems SE / Key word(s): Half Year Report InTiCa Systems SE: Interim Report for H1 2023 published – Improved demand in Q2, but uncertainty remains high 09.08.2023 / 07:45 CET/CEST The issuer is solely responsible for the content of this announcement. InTiCa Systems SE: Interim Report for H1 2023 published – Improved demand in Q2, but uncertainty remains high

Group sales amount to EUR 45.4 million (H1 2022: EUR 48.7 million)

Strong growth in the Industry & Infrastructure segment

EBIT margin of 1.0% (H1 2022: 3.0%), but positive effects expected for the second half of the year

Strong rebound in orders on hand to EUR 111.9 million (H1 2022: EUR 110.7 million), offtake remains volatile

 
Passau, August 9, 2023 – InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) today published the interim report for the first six months of 2023. Following the very subdued first quarter, business has recently stabilized to some extent. It was possible to slow the downturn in sales and order intake picked up considerably in the second quarter. Nevertheless, order offtake remains volatile and the macroeconomic framework challenging.

“The challenges are particularly high in the automotive industry. That highlights the importance of our strategy of leveraging synergies and strengthening the Industry & Infrastructure segment. The strong growth in this segment in the first quarter continued in the second quarter. In particular, there is increased demand for power electronics products for charging infrastructure and solar power. Even though net income was negative at the end of the first six months, there are various factors in addition to the increased order intake that make us optimistic that we can still achieve our profitability targets“, comments Dr. Gregor Wasle, CEO of InTiCa Systems SE the business development.

Earnings, asset and financial position

Group sales declined by 6.9% year-on-year to EUR 45.4 million in the first six months of 2023 (H1 2022: EUR 48.7 million). In the Automotive segment, sales dropped 15.6% year-on-year to EUR 31.5 million (H1 2022: EUR 37.3 million) while sales in the Industry & Infrastructure segment increased considerably, by 21.7%, to EUR 13.9 million (H1 2022: EUR 11.4 million).