InTiCa Systems SE: Revised 2024 Financial Forecast

InTiCa Systems SE has adjusted its 2024 financial outlook, projecting lower-than-expected sales. The company now anticipates sales between EUR 70.0 million and EUR 75.0 million, a drop from the earlier forecast of EUR 80.00 million to EUR 95.0 million. The reduced sales are expected to lead to an operating loss, deviating from the previous expectation of a 0% to 2.5% positive EBIT margin.

This revision is primarily attributed to ongoing challenges in the Mobility and Industry & Infrastructure segments. Efforts to diversify the product portfolio in July 2024 showed positive impacts but haven't completely offset the steep decline in automotive customer orders and demand in the photovoltaic and charging station markets.

Further insights on these developments will be detailed in InTiCa's report covering the first nine months, to be released on November 29, 2024.