InTiCa Systems AG Reports Consolidated Earnings Results for the Nine Months of 2012; Provides Earnings Guidance for the Full Year 2012
The company provided earnings guidance for the full year 2012. In view of the continuing difficult situation in the European solar industry, delays in product launches and ramp-ups in the automotive industry and the increasing overall uncertainty caused by the expected deterioration of the economic situation, especially in the euro zone, the Board of Directors of the company anticipates a noticeable decline in sales and earnings performance in 2012 as a whole. Nevertheless, a positive operating result (EBIT) looks likely. The company also expects a significant improvement in the Group's liquidity situation in the low single-digit million.