Corporate | 25 April 2006 07:30
InTiCom Systems Aktiengesellschaft:
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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• Revenues of InTiCom Systems 2005 with EUR 35.0 million nearly doubled
• Net income 2005 of EUR 2.2 million more than doubled
• Push of capital expenditure in 2005 of EUR 5.9 million secures future
earnings
Passau, April 25th, 2006 – InTiCom Systems AG (ISIN DE0005874846, Prime
Standard) accelerated also in the fourth quarter of fiscal 2005 the speed
of growth and achieved revenues in 2005 of EUR 35.0 million (prior year EUR
19.5 million). This represents a revenue increase of 80 %. Even more
impressive are the operational earnings increases of EBITDA by almost 170 %
to EUR 4.1 million (prior year EUR 1.5 million) and EBIT by more than 180 %
to EUR 3.5 million (prior year EUR 1.2 million). Earnings before taxes EBT
tripled their amount to EUR 3.6 million (prior year EUR 1.2 million) and
net income could be more than doubled to EUR 2.2 million (prior year EUR
1.0 million), whereas in the year before virtually no taxes were paid due
to the expenses of the IPO.
The over-proportional rise in earnings of InTiCom Systems in fiscal 2005 is
also mirrored in earnings per share of EUR 1.69, which exceeded last years
amount of EUR 0.78 by more than 116 %.
DSL splitters for subscribers and national telecommunications companies
continue to be the main sales drivers. Business abroad was the major growth
contributor. In order to more successfully serve and gain share in the
rapidly-growing domestic and international markets for xDSL, the company
has decisively expanded its production capacity in Greece. In combination
with the new production site for the automotive area in the Czech Republic,
InTiCom Systems spent some EUR 5.9 million to expand the degree of
automation and to purchase new machinery in 2005 to create additional
capacities to meet demand.
According to the company’s strategy, the automotive area is to be
strengthened and expanded to form a second main pillar alongside xDSL.
The operating cash flow of EUR 2.9 million (prior year EUR 1.6 million)
once again reflects the operating strength of InTiCom Systems. Group
liquidity, which consists of available-for-sale financial securities (EUR
9.2 million) and cash and cash equivalents (EUR 1.5 million) totalled EUR
10.7 million in 2005, compared to the prior year’s figure of EUR 10.3
million.
The order book at InTiCom Systems amounted to EUR 12.6 million as of 31
December 2005 (2004: EUR 9.7 million) with an order backlog of three
months.
The full-year effect from the automotive segment will not be felt until
2007, as production is only scheduled to begin in the middle of 2006.
The VDSL segment holds tremendous potential for InTiCom Systems. This is
due to the expansion of the VDSL network in Germany, and particularly to
VDSL activities in Europe excluding Germany, which involve numerous systems
suppliers. Experts predict that VDSL technology will have growth rates at
least as high as those seen for DSL technology. And these forecasts are
continuously being revised in terms of both the speed of expansion
forecasted and the number of connections.
InTiCom Systems AG
Board of Management
Annual accounts press conference and analysts` meeting (DVFA)
at 02:00 p.m.
on April 25th, 2006
in the offices of Concord Effekten AG,
Ground Floor, Conference Room
Große Gallusstraße 9
60311 Frankfurt / Main
For further details of the annual accounts and the complete annual report
2005 please use
www.inticom-systems.de/en/quarterly_report.html
or please contact:
Dieter Schopf
Board Member
Phone: +49 – (0)851 – 966 92 – 0
Fax: +49 – (0)851 – 966 92 – 15
mailto: d.schopf@inticom-systems.de
(c)DGAP 25.04.2006
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language: English
emitter: InTiCom Systems Aktiengesellschaft
Spitalhofstraße 94
94032 Passau Deutschland
phone: +49 (0)851 9 66 92-0
fax: +49 (0)851 9 66 92-15
email: info@InTiCom-Systems.de
WWW: www.InTiCom-Systems.de
ISIN: DE0005874846
WKN: 587484
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hamburg, München, Stuttgart
End of News DGAP News-Service
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