Intica Systems and the takeover offer

The pandemic has hit Intica Systems’ business hard. In the second quarter, sales fell by 30 percent, and the company slipped into the red. In the meantime the low point has apparently passed. Production stoppages are also likely to weigh on the figures for the third quarter. There was a corona outbreak at a plant in the Czech Republic, which led to quarantine measures.

However, analysts at SMC Research believe that Intica will soon see clear growth again. The solutions for hybrid and electric cars are in great demand. There may be clear potential here in the coming years.

The analysts continue to rate the share as “speculative buy”. The price target remains unchanged at EUR 8.80.

In 2020 there should be a turnover of 61.0 million euros, in 2021 it should be 70.0 million euros. Earnings per share should be -0.68 euros or +0.24 euros.

An anchor shareholder made a public takeover offer for Intica shares in mid-August. The offer is 6.00 euros per share. This is roughly the same as the current rate. However, this offer is far from the price target of the analysts. You therefore advise not to accept the offer.

The shares of Intica Systems gain 0.8 percent in the morning to 6.05 euros.

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