DGAP-News

InTiCa Systems publishes the annual report for FY 2013 - Automotive Technology ensures profitable growth - Seite 2

segment, where sales increased 23.9% to EUR 22.5 million (2012: EUR 18.1
million). This segment therefore increased its share of total sales to
59.4% (2012: 49.9%). In the Industrial Electronics segment sales fell to
EUR 10.0 million (2012: EUR 12.3 million), while in the Communication
Technology segment sales slipped to EUR 5.4 million (2012: EUR 5.9
million).

Along with growing sales, InTiCa managed to reduce its material cost ratio
and personnel expense ratio, thus considerably improving earnings. EBITDA
rose 26.6 percent year-on-year from EUR 4.5 million to EUR 5.7 million
while EBIT multiplied from EUR 23 thousand to EUR 1.0 million. This had a
corresponding impact on profit margins: the EBITDA margin improved from
12.4 percent to 15.1 percent and the EBIT margin increased from 0.1 percent
to 2.7 percent. This performance was driven principally by the Automotive
Technology segment, which reported EBIT of EUR 1.6 million in the reporting
period (2012: EUR 1.0 million) and therefore increased its margin to 7.0
percent (2012: 5.6 percent). Industrial Electronics also posted a clear
improvement, returning to profit with EBIT of EUR 0.3 million (2012: minus
EUR 0.1 million), and a margin of 2.9 percent (2012: minus 0.7 percent).
Only the Communication Technology segment posted negative EBIT of minus EUR
0.9 million in fiscal 2013 (2012: minus 0.9 million).

The financial result was minus EUR 0.5 million in the reporting period and
thus virtually unchanged year-on-year. Taking into account tax expense of
EUR 64 thousand (2012: tax income of EUR 72 thousand), the result for the
Group in fiscal 2013 was EUR 0.5 million (2012: minus EUR 0.4 million).
Earnings per share were EUR 0.11 (2012: minus EUR 0.09).

The equity ratio remained virtually unchanged at 57 percent at the end of
the reporting period, compared with 58 percent as of December 31, 2012.
Thanks to the considerable improvement in net income, the net cash flow
from operating activities increased to EUR 3.8 million in 2013 (2012: EUR
3.5 million). This positive operating cash flow enabled InTiCa to continue
to invest, especially in expanding production capacity in the Automotive
Technology segment. However, overall there was a cash outflow of EUR 0.6
million in the reporting period (2012: inflow of EUR 1.5 million) due to
higher investment in intangible assets and property, plant and equipment,
as well as repayment instalments on loans and leasing rates.

In the first quarter of 2014 sales further increased to EUR 9.95 million
(Q1 2013: EUR 9.85 million). Again, the rise was mainly due to the positive