EQS-News

InTiCa Systems SE: Interim Report for H1 2023 published – Improved demand in Q2, but uncertainty remains high - Seite 3

„The key elements of our corporate strategy remain intact and the high level of orders on hand shows that there is still strong demand for InTiCa’s development expertise. The industrial scale-up for the third high-performance line for hybrid systems in the Czech Republic has been completed successfully and in Mexico, production started on schedule on the new line for actuators for chassis. To reduce fixed costs despite continued pay rises, internal projects are being implemented on an ongoing basis. In addition, the planned increase in inventories of finished goods by year-end should eliminate the impact on the margin of the negative change in inventories as of the reporting date. Moreover, lower raw material costs are now starting to become visible“, comments Günther Kneidinger, Member of the Management Board, the outlook of the Group.

Taking into account the ongoing high uncertainty and knowledge of customers’ current offtake situation, at present the Board of Directors still assumes that the targets for 2023 will be achieved. The forecast assumes that Group sales will be relatively stable at EUR 85.0 million to EUR 100.0 million, with an EBIT margin of between 2.5% and 3.5%. The EBIT margin is expected to be at the lower end of the forecast range. Where possible, the material cost ratio should be optimized further in both segments and the equity ratio should remain stable. The assumptions underlying the forecast for 2023 are that the coronavirus pandemic will not rekindle, the war in Ukraine will not escalate further and there will not be a sustained recession. Unforeseeable negative effects could affect suppliers, have a direct impact on InTiCa Systems, or affect its customers, resulting in an inability to meet expectations.

The complete interim report for H1 2023 is available for download from the Investor Relations section of InTiCa Systems’ website at www.intica-systems.com.

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).