EQS-News

InTiCa Systems SE: Interim Report for 9M 2023 published – Significant rise in volatility and price pressure in recent months

EQS-News: InTiCa Systems SE / Key word(s): 9 Month figures InTiCa Systems SE: Interim Report for 9M 2023 published – Significant rise in volatility and price pressure in recent months 15.11.2023 / 07:45 CET/CEST The issuer is solely responsible for the content of this announcement. InTiCa Systems SE: Interim Report for 9M 2023 published – Significant rise in volatility and price pressure in recent months

Group sales amount to EUR 67.5 million (9M 2022: EUR 71.2 million)

Strong growth in the Industry & Infrastructure segment (+19.8%)

Margins under pressure, EBIT margin of 0.5% (9M 2022: 3.0%)

Orders on hand remain high at EUR 106 million (9M 2022: EUR 107 million)

Passau, November 15, 2023 – InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) today published the interim report for the first nine months of 2023. In the main, the development registered in spring and summer continued in the third quarter. Thanks to continued high demand in the Industry & Infrastructure segment, the drop in sales was held in check at Group level. In the Automotive segment, by contrast, the weakness of German OEMs in the e-solutions area affected supply chains and thus InTiCa’s sales and margins.

“Overall, sales were in line with present market conditions at the end of the first nine months despite the obstacles. Demand for some product groups such as inverters and stator coils for mild-hybrid applications was higher than had been planned, while we are clearly noticing the problems of OEMs in demand for other products such as onboard chargers. German manufacturers in particular are battling with massive competitive pressure from Asia. The price pressure has increased significantly. As rising wages and interest rates are also having an impact, the margin situation will not become any easier in the short term. Growth and stability are promised, among other things, by the new programs for charging infrastructure in the Industry & Infrastructure segment. Initial orders have already been shipped. Summing up, we find ourselves in a very challenging market phase characterized by crises and technological transformation“, comments Dr. Gregor Wasle, CEO of InTiCa Systems SE the business development.