InTiCa Systems AG announced earnings results for the first quarter ended March 31, 2013. Group sales increased roughly 11% to EUR 9.9 million in the first three months of 2013, up from EUR 8.9 million in the first quarter of 2102, with sales increasing 10% to EUR 5.1 million in the Automotive Technology segment against EUR 4.6 million in first quarter of 2012 and 52% to EUR 1.9 million in the Communication Technology segment against EUR 1.2 million in first quarter of 2012. In view of the continued difficult situation in the European solar sector, sales declined further in the Industrial Electronics segment, but the year-on-year decline was only 3% to EUR 2.9 million against EUR 3.0 million in first quarter of 2012. EBITDA rose 7% year-on-year to EUR 1.4 million in first quarter of 2013 against EUR 1.3 million in first quarter of 2012. Group EBIT was EUR 0.3 million in the reporting period against EUR 0.3 million in first quarter of 2012. The EBIT margin therefore slipped slightly from 2.9% in first quarter of 2012 to 2.8% in first quarter of 2013. In the Automotive Technology segment, EBIT was unchanged from the previous year at EUR 0.3 million against EUR 0.3 million in first quarter of 2012. In the Industrial Electronics segment, it improved to EUR 0.2 million against EUR 0.02 million in first quarter of 2012. Only the Communication Technology segment again reported negative EBIT of minus EUR 0.2 million against negative EUR 0.1 million in first quarter of 2012. The Group's net income in the first three months of 2013 was EUR 0.14 million against EUR 0.06 million in first quarter of 2012 and earnings per share were EUR 0.03 against EUR 0.01 in first quarter of 2012. Net cash out flow from operating activities was EUR 819,000 against net cash inflow from operating activities of EUR 465,000 a year ago. Capital expenditure was EUR 625,000 against EUR 674,000 a year ago.

For 2013 as a whole, the Board of Directors currently assumes that, providing overall economic growth is a least moderate, there will be a perceptible rise in sales and earnings. Overall, the Board of Directors expects Group sales in 2013 to be around EUR 40 million, with an EBITDA margin of around 15% and an EBIT margin of around 3%.