Loss of sales and production stoppage due to Covid-19 quarantine at the Prachatice site

The authorities have not closed the Prachatice site so it is still possible to deliver finished products and warehouse stock. However, a complete production stoppage at the Prachatice site is likely during the quarantine period. InTiCa Systems AG, the Board of Directors and the local management are working closely with the Czech authorities to protect the company’s employees and their relatives and minimize the impact on production and customers of InTiCa Systems AG.

The Board of Directors anticipates a potential loss of sales of up to EUR 1.5 million for each week of the production stoppage. It may not be possible to recoup this by the end of the financial year. It is not yet possible to estimate the exact impact on earnings. The Board of Directors is still not able to provide guidance for annual sales and earnings as it is not possible to forecast the effects of the Covid-19 pandemic.

Forward-looking statements and predictions
Forward-looking statements and predictions This press release contains statements and forecasts referring to the future development of InTiCa Systems AG which are based on current assumptions and estimates by the management that are made using information currently available to them. If the underlying assumptions do not materialize, the actual figures may differ substantially from such estimates. Future developments and results are in fact dependent on a large number of factors; they contain different risks and imponderables and are based on assumptions that may not be accurate. We neither intend nor assume any obligation to update forward-looking statements on an ongoing basis as these are based exclusively on the circumstances prevailing on the date of publication.