Brief: Intica FY EBIT Loss Turns To Profit Of EUR 2.1 Million

InTiCa Systems SE

24/03/2020 06:35

March 24 (Reuters) - INTICA SYSTEMS AG  IS7G.DE :
    * PROVISIONAL FIGURES FOR 2019 - GUIDANCE CONFIRMED,
PANDEMIC
BASED UNCERTAINTY HURTS OUTLOOK
    * FY SALES ROSE 37.2% TO EUR 65.7 MILLION
    * FY EBIT MARGIN WAS 3.2%
    * GROWTH CONTINUED IN Q1 OF 2020
    * FY EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION
AND
AMORTIZATION) MORE THAN DOUBLED YEAR-ON-YEAR FROM EUR 3.4
MILLION TO EUR 7.4 MILLION
    * FY GROUP SALES INCREASED SIGNIFICANTLY IN 2019, RISING
37.2%
YEAR-ON-YEAR TO EUR 65.7 MILLION (2018: EUR 47.9 MILLION).
    * HIGH UNCERTAINTY DUE TO CORONA PANDEMIC, TEMPORARY SALES
DROP
EXPECTED
    * FY EBIT (EARNINGS BEFORE INTEREST AND TAXES) IMPROVED TO
EUR 2.1
MILLION IN REPORTING PERIOD, COMPARED WITH NEGATIVE EBIT OF
MINUS EUR 0.95 MILLION IN 2018
    * HOWEVER, CORONAVIRUS PANDEMIC AND RELATED ACTION BY
POLITICIANS
AND CORPORATE SECTOR, IMPACT OF WHICH CANNOT YET BE PREDICTED,
ARE ALSO HAVING DIRECT EFFECT ON INTICA AND INVOLVE GREAT
UNCERTAINTY
    * FY PRE-TAX PROFIT WAS BACK IN CLEARLY POSITIVE TERRITORY
AT EUR
1.4 MILLION (2018: MINUS EUR 1.4 MILLION)
    * EXPECTS GROWTH MOMENTUM TO CONTINUE IN Q1 OF 2020
    * HAS DECIDED TO INTRODUCE SHORT-TIME WORKING FOR STAFF IN
PASSAU
UNTIL JUNE

Source text for Eikon:  ID:nEQ8DpXJ5a 
Further company coverage:  IS7G.DE 

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