InTiCa Systems SE: Annual Report for 2023 Published - Confirmation of Estimates

InTiCa Systems SE has published its annual report for 2023, confirming previous estimates. The company reported consolidated sales of EUR 86.9 million, a decrease from EUR 90.7 million in 2022. The EBIT margin fell to 0.3% from 2.6% in the previous year.

The Industry & Infrastructure segment continued to perform well, maintaining high demand for e-solutions, while the Automotive segment saw sales decline to EUR 61.4 million from EUR 68.7 million. Gross profit remained unchanged at EUR 33.8 million, but EBITDA dropped by 22.1% to EUR 6.5 million.

The company faced increased costs in wages, logistics, and materials. This resulted in a net loss of EUR 1.1 million compared to a net profit of EUR 1.6 million in 2022. Operating cash flow remained positive at EUR 1.6 million but saw a reduction from EUR 7.4 million the previous year. Cash and cash equivalents stood at EUR 0.9 million by year-end 2023.

The outlook remains cautious amid geopolitical uncertainties and economic challenges. InTiCa Systems projects 2024 sales between EUR 80.0 million and EUR 95.0 million, with an EBIT margin between 0.0% and 2.5%.