Ad-hoc | 29 May 2008 07:59
InTiCom Systems Aktiengesellschaft / Results Forecast
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Despite a sales decrease to roughly € 35 million, the Company
plans a positive EBITDA of about € 2 million; a positive cash flow will be
generated as well
Due to extraordinary charges, an EBT of € -1.6 million is
projected
Positive result expected for 2009
Sustainable return on sales in excess of 9 % with respect to the
result (EBT) targeted, at a sales increase between 10 % and 15 %
Board mandate of CFO Christian Schubert revoked
Passau, May 29, 2008 – InTiCom Systems AG – ISIN DE0005874846 / Prime
Standard – presents a new corporate planning on the occasion of the
Company’s Annual General Meeting on Thursday, May 29, 2008. The new
planning has been prepared under the overall control of the new CEO, Mr.
Walter Brückl, who assumed this position on April 1, 2008, and in close
cooperation with the Supervisory Board. The focus of corporate planning has
been set on a constant and sustainable increase of the Company’s
profitability.
The basic target of the long-term planning is an increase in sales by 10 %
to 15 % on annual average, with the objective of a constant increase in the
pre-tax return on sales to above 9 % by the fiscal year 2012.
Due to the announced adjustment of the customer portfolio, declining sales
of about € 35 million are planned for the current fiscal year. Because of
this temporary decrease in sales and negative one-time effects, an EBT of
roughly € -1.6 million is expected for the current fiscal year. According
to current planning, both EBITDA – at roughly € 2 million – and cash flow
will record distinctly positive figures.
Growth drivers for the realization of the sales growth planned from 2009
will be in particular the robust, growing, and mostly contractually secured
income from the Automotive segment. Thus profitability is scheduled to be
reached again in the fiscal year 2009. In addition, the business unit
Industry is expected to contribute significantly to the Company’s success
from the fiscal year 2010 on, while the revenues generated in the segment
Telecommunications are anticipated to stabilize at roughly € 30 million.
In the context of the Company’s reorientation, the board mandate of the CFO
of InTiCom Systems, Mr. Christian Schubert, is retired. The
responsibilities of Mr. Schubert will be assumed by the Company’s CEO, Mr.
Walter Brückl, until further notice.
InTiCom Systems AG
The Board of Directors
If you have questions, please contact:
Walter Brückl
CEO
Phone: +49 - (0)851 - 966 92 - 0
Fax: +49 - (0)851 - 966 92 – 15
e-mail: investor.relations@inticom-systems.de
29.05.2008 Financial News transmitted by DGAP
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Language: English
Issuer: InTiCom Systems Aktiengesellschaft
Spitalhofstraße 94
94032 Passau
Deutschland
Phone: +49 (0)851 9 66 92-0
Fax: +49 (0)851 9 66 92-15
E-mail: info@InTiCom-Systems.de
Internet: www.InTiCom-Systems.de
ISIN: DE0005874846
WKN: 587484
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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