Published On: 6. July 2022| Categories: Investor Relations| 1.5 min read| 301 words|

Expansion Spain and business development

With the acquisition of 100% of the shares in MADSENSE S.L., based in Valencia, we are expanding our commitment in Spain. At the same time, the company is renamed SECANDA. The Spanish market will now be developed from our new location in Valencia.

The team in Valencia with today 6 software developers supplemented by a new sales representative already stands for SECANDA Spain for a long time. It has contributed significantly to the design and development of our new system of identification as well as payment for years.

With SECANDA, we have further developed our smart card and payment system into an innovative identification system. Following the change of name from InterCard AG Informationssysteme to SECANDA AG, all new international locations as well as our subsidiary InterCard GmbH Kartensysteme will also be given the name SECANDA and thus the name of the new system in further steps.

InterCard SECANDA is already the clear market leader for identification and payment systems at universities in Germany and Switzerland. With its own team in Valencia, SECANDA now has the technical and sales expertise to build on this success in the Spanish market. In addition to open up new markets abroad, the sales team in Germany is concentrating on expanding new sales markets, especially with solutions for the new CORPORATE, CARE and PUBLIC sectors.

MADSENSE Valencia has already worked almost exclusively for our Group in the past and is largely breaking even. In this respect we do not expect any significant effects on our Group figures in the current fiscal year.

With order backlogs remaining high, the Group is experiencing isolated delivery problems for parts and thus selective project postponements. However, we still expect to make up for the delays in the course of the year and thus achieve the annual targets we have set ourselves.

IR Contact

Gerson Riesle
SECANDA AG
Marienstraße 10
D-78054 Villingen-Schwenningen

Disclaimer for forward-looking statements

The documents provided on this website contain statements related to our future business and financial per­for­mance and future events or developments involving SECANDA Group that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward- looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of SECANDA’s management, of which many are beyond SECANDA’s control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Annual Report and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should decisions, assessments or requirements of regulatory authorities deviate from our expectations, or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of SECANDA may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. SECANDA neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of de­ve­lop­ments which differ from those anticipated.

All documents are available as an English translation; in the event of discrepancies, the German version of the document takes precedence over the English translation. For technical reasons, there may be discrepancies between the accounting documents contained in this document and those published due to legal requirements.

The documents provided on this website contain statements related to our future business and financial performance and future events or developments involving SECANDA Group that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning.

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We may also make forward- looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward- looking statements. Such statements are based on the current expectations and certain assumptions of SECANDA’s management, of which many are beyond SECANDA’s control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Annual Report and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should decisions, assessments or requirements of regulatory authorities deviate from our expectations, or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of SECANDA may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. SECANDA neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

All documents are available as an English translation; in the event of discrepancies, the German version of the document takes precedence over the English translation. For technical reasons, there may be discrepancies between the accounting documents contained in this document and those published due to legal requirements.

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