Half-year figures 2023
SECANDA AG (formerly InterCard) closed the first half of 2023 with revenue growth to EUR 12,099 thousand. In the same period of the previous year, the group’s revenues amounted to KEUR 10,844. This is due to the positive business development in our DIGITAL ACCESS & CYBER SECURITY division, which grew from kEUR 2,351 to kEUR 3,253. The remaining growth is acquisition-related, after the PHYSICAL ACCESS & TIME area largely stagnated. The IDENTIFICATION & PAYMENT segment did not yet meet our expectations in the first half of 2023.
In the first half of the year, EBITDA in the Group according to IFRS was KEUR 41 (previous year: 730), EBIT was KEUR -555 (previous year: 190), EBT was KEUR -661 (previous year: 112) and net income was KEUR -555 (previous year: 103).
Already at the beginning of the year, it was decided to significantly reduce costs across the Group. The cost reductions will take full effect in the second half of this year. The next step is no longer just about cost reductions, but rather a realignment and restructuring of the largest subsidiary SECANDA Systems AG.
Admittedly, the new smart card and app-based systems have been and are still being commissioned with delay by the universities and in the new markets. Nevertheless, it has become apparent that the new systems are in demand on the market and are being purchased. Several universities and student unions have already commissioned one of the new systems, which enables the parallel operation of chip card and app.
Veritable further offers have been placed. However, decision-making is complex, also because different areas of responsibility are involved. At the same time, client resources for decisions and tenders are very strained after the end of the pandemic.
After a low turnover and a loss in the first half of 2023, we expect a profit again in the second half of 2023.
IR Contact
Gerson Riesle
SECANDA AG
Marienstraße 10
D-78054 Villingen-Schwenningen
Phone: +49 7720 – 9945 – 0
Fax: +49 7720 – 9945 – 10
E-mail: investor.relations@secanda.com
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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