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PRESS RELEASE: InTiCa Systems AG: Successful virtual Annual General Meeting - Preliminary half-year sales confirm strong first quarter

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DGAP-News: InTiCa Systems AG / Key word(s): AGM/EGM
InTiCa Systems AG: Successful virtual Annual General Meeting - Preliminary half-year sales confirm strong first quarter
2021-07-16 / 13:12
The issuer is solely responsible for the content of this announcement.
InTiCa Systems AG: Successful virtual Annual General Meeting - Preliminary half-year sales confirm strong first quarter
All items on the agenda approved by a large majority
Preliminary half-year sales EUR 53.7 million (+82%)
Orders on hand currently EUR 117 million
Continued high uncertainty in the markets; forecast unchanged
Passau, July 16, 2021 - At this year's Annual General Meeting of InTiCa Systems AG (ISIN DE0005874846, Ticker IS7),
which is listed in the Prime Standard on Frankfurt Stock Exchange, the shareholders approved all items on the agenda.
Due to the Covid-19 pandemic, the Annual General Meeting was once again held virtually. Among other things, a large
majority of the shareholders ratified the actions of the Board of Directors and Supervisory Board, as well as approving
the remuneration systems for both boards, as required by the Act implementing the Second Shareholder Rights Directive.
The detailed results of the voting on all items on the agenda can be viewed or downloaded from the Investor Relations
section of the company's website at www.intica-systems.com [in German only].
In its report on the past financial year, the Board of Directors gave details of the company's figures for 2020 and the
performance of the individual segments in the context of the ongoing pandemic and the overall strategic development.
The overall assessment was positive: despite considerable pressure due to a temporary drop in volume sales, combined
with higher production costs and additional expenses as a result of the Covid-19 pandemic, InTiCa Systems continued the
successful development of the previous years. Thanks to the timely introduction of the transformation of processes,
products and liquidity arrangements, even in this difficult situation the Group achieved visible sales growth,
significant cash inflows and a positive operating result. In 2020, InTiCa Systems AG therefore provided clear evidence
of its stability and future viability.
The figures for the present financial year also show that the company is well-positioned to benefit durably from future
trends such as end-to-end electrification of the automotive sector, industry and infrastructure. Following record sales
in the first three months of 2021, orders on hand, order call-offs and capacity utilization remained high in the second
quarter. In absolute terms, it was not possible to repeat the record figures reported for the first quarter, which were
influenced by pent-up demand, but in percentage terms growth momentum increased considerably year-on-year. The
preliminary consolidated sales of EUR 53.7 million in the first six months are over 80% above the prior-year figure (H1
2020: EUR 29.5 million). In the second quarter of 2021, sales were higher than in the strong fourth quarter of 2020.
This shows that the increase was due to the positive overall trend, and not simply to the pandemic-related weak
prior-year quarter. Moreover, both segments made equal progress. Although supply chains are still tense, resulting in
higher material costs, the margin situation is in line with expectations.
The favourable overall picture is underpinned by orders on hand totalling EUR 117 million as of June 30, 2021. That is
well above the prior-year figure of EUR 98 million and also an improvement of around EUR 4 million compared with the
end of the first quarter. This makes us confident that the momentum can be maintained in the second half of the year
and that it will be possible to report a full-year performance at the upper end of our guidance. That said, until the
Covid-19 pandemic is completely over, business development will be subject to considerable uncertainty about economic
policy and behavioural changes by consumers and companies in response to further waves of infection and new virus
variants. In view of this, the Board of Directors still expects that in 2021 as a whole, consolidated sales will rise
to between EUR 85.0 million and EUR 100.0 million and the EBIT margin will be between 3.5% and 4.5%.
InTiCa Systems AG will publish its half-year report with details of its performance in the first half of 2021 on August
12, 2021, as scheduled.
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.com

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 about 900 employees at its sites in Passau (Germany), Prachatice (Czech
Republic) and Silao (Mexico).
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.
2021-07-16 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: InTiCa Systems AG
Spitalhofstraße 94
94032 Passau
Phone: 0851 / 96692 0
Fax: 0851 / 96692 15
E-mail: investor.relations@intica-systems.com
Internet: www.intica-systems.com
ISIN: DE0005874846
WKN: 587484
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1219474

End of News DGAP News Service

1219474 2021-07-16

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(END) Dow Jones Newswires

July 16, 2021 07:12 ET ( 11:12 GMT)

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