InTiCa Systems SE Publishes Q1 2024 Interim Report Amid Market Uncertainty

InTiCa Systems SE has released its Q1 2024 interim report, highlighting key financial metrics. The company reported group sales of EUR 20.1 million, a decrease from EUR 23.7 million in Q1 2023. The EBIT margin also declined, registering at 1.9% compared to 2.6% last year.

The company's order book stood at EUR 86.1 million, down from EUR 96.2 million in March 2023. For the full year of 2024, InTiCa Systems projects group sales between EUR 80.0 million and EUR 95.0 million, with an EBIT margin forecasted between 0.0% and 2.5%.

Dr. Gregor Wasle, CEO of InTiCa Systems, noted that performance was subdued at the start of 2024, particularly in the Industry & Infrastructure segment, which saw significant order cancellations. Conversely, the Automotive segment saw increased demand for stator coils and dampeners for hybrid vehicles.

Despite overall financial pressures and liquidity management challenges, cash flow from operating activities remained only slightly negative. The company aims to use strategic diversification and innovation to navigate market uncertainties.