InTiCa Systems SE: Q3 2024 Report Highlights Challenges and Strategic Progress

InTiCa Systems SE released its interim report for the first nine months of 2024. Despite an 18% decline in group sales compared to the previous year, strategic measures are beginning to show effects. Total sales reached EUR 55.4 million, a decrease from EUR 67.5 million in 2023, with both segments impacted by challenging market conditions.

The company's EBIT was recorded at minus EUR 0.4 million, contrasting with a positive EUR 0.3 million in the prior period, largely due to adverse currency effects not impacting cash flows. However, cost-cutting initiatives resulted in a positive operating cash flow of EUR 4.7 million.

Order inflow dropped to EUR 86 million from EUR 106 million. The outlook, therefore, anticipates continued volatility and challenges, especially in the automotive sector, with anticipated sales now ranging between EUR 70.0 million and EUR 75.0 million for the year.