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Publication of insider information in accordance with Article 17 of Regulation (EU) no. 596/2014
InterCard GmbH and IntraKey become SECANDA Systems AG
InterCard AG Informationssysteme has become SECANDA AG (stock exchange symbol SC8).
Now our subsidiaries InterCard GmbH Kartensysteme and IntraKey technologies AG are merging to become SECANDA Systems AG. For this purpose, InterCard GmbH Kartensysteme is to be converted into SECANDA Systems AG before the end of this year. IntraKey will then be merged into SECANDA Systems AG in spring 2023.
In future, SECANDA Systems AG will combine the systems and markets of both companies and express its market-leading position in Germany under the new SECANDA brand. The company will become the largest and most profitable subsidiary of the listed SECANDA AG. With around 90 employees, mainly at the Villingen-Schwenningen and Dresden locations, as well as in numerous local branches. And with a turnover of around 13 million euros.
SECANDA Systems AG bundles our core activities in Germany. As the clear market leader in the area of universities and student unions with a market share of over 80%. And as an innovation driver for the new employee ID card, the new hospital card or the new ID-based university card via app. For our target markets CORPORATE, CARE, CAMPUS and PUBLIC.
InterCard stands for payment and billing based on identification via chip card and app as well as for the new SECANDA system with the centrally managed ID for each user. IntraKey stands for access, time recording and SharedBoxes such as public lockers or public bicycle garages based on identification via chip card and app. Both companies have been jointly offering total solutions since the takeover 15 years ago.
The merger stands for further growth with a common name and centrally controlled sales. With the further integration of IntraKey’s access and security systems into the SECANDA system, SECANDA Systems AG can offer an increasingly perfectly coordinated overall system based on the personal ID and thus the next generation of employee, student or patient ID cards as well as the multifunctional citizen card.
Internationally, SECANDA AG is the market leader in the higher education market in Switzerland, especially with its subsidiary Polyright, and has recently been represented by its own subsidiary in Spain.
In the beginning, there is SECANDA. With the new system SECANDA. With SECANDA Systems AG as the new market leader in Germany. With SECANDA Systems S.L., our important development location in Valencia and new sales location for the Iberian Peninsula. And last but not least, with our great teams and companies together in SECANDA AG.
Acquisition of H. Schomäcker GmbH, business development
SECANDA AG (formerly InterCard, new stock exchange symbol SC8) has acquired 100% of the shares in H. Schomäcker GmbH, based in Cologne. For many years, H. Schomäcker GmbH has been by far the most important market companion of InterCard GmbH Kartensysteme in the market for universities, colleges and student unions in Germany. InterCard already had a market share of more than 80% here before the acquisition.
The merger is to the advantage of our customers. With my.Authent, Schomäcker has launched a new smart card and identification system parallel to our SECANDA system. Together we will offer our customers the best of both in the future.
We have been using Schomäcker’s Q Pilot print management system in our own smart card systems for years. Against this background, this area ideally complements SECANDA’s activities.
In addition, H. Schomäcker GmbH has developed innovations in the field of access control with my.Ki, which will support our Physical Access division in accelerating growth in this area.
Schomäcker strengthens the SECANDA team by a total of 17 employees. The numerous innovations of recent years, especially in the area of modern software products, show a more than impressive track record. All the more so when measured against the size of the company. We are very pleased that we were able to win such a highly qualified team for SECANDA and look forward to working with them.
H. Schomäcker GmbH is expected to contribute about 2 million euros to the group turnover in a full financial year. Furthermore, we expect considerable synergies and effects from the new joint market position of both companies.
SECANDA AG continues to operate clearly profitably with group sales at the previous year’s level. Bottlenecks in resources and parts in particular had recently prevented stronger growth.
Digital Clinic Webinar
SECANDA AG (formerly InterCard, new stock exchange symbol SC8) is successfully establishing itself in the market for clinics, healthcare facilities and assisted living – thanks to new solutions based on the SECANDA system.
Our new SECANDA system for identification, access and payment ensures optimal processes, greater security and more convenience for patients and staff in more and more clinics. With the chip card as identification, payment and access card for patients, employees and residents. Or alternatively with the Medi.tag on the patient wristband or another wristband for identification during therapies, for access to buildings and wards, for lockers and cabinets, for vending machines or for the cafeteria.
All identification processes throughout the clinic or facility converge via interfaces in the central SECANDA system. With only one ID per patient or employee for chip cards and other identification media, with only one personal credit account for each payment transaction, and with central management of all individual rights for access to buildings, wards, and rooms. Through our subsidiary IDpendant, we also manage access to networks and systems and protect the IT infrastructure.
InterCard SECANDA only launched its Health Care business unit in 2020 and, following initial successful installations, is now seeing a significant increase in demand for its complex end-to-end solutions. The background to the high demand is, in addition to government support for digitization in this area, above all a high backlog demand for the use of efficiency-enhancing systems and better security concepts in clinics and many forms of shared living.
Would you like to learn more about our systems?
Then attend our webinar on “YOUR WAY TO A DIGITAL CLINIC – STRESS-FREE AND FROM ONE HAND” on October 20, 2022 at 10:30 am. Register now free of charge and find out more at www.secanda.com/care.
Half-year figures 2022
SECANDA AG (formerly InterCard) closed the first half of 2022 with revenue growth to EUR 10,844 thousand. In the same period of the previous year, consolidated revenues had amounted to EUR 10,423 thousand. EBITDA for the Group in the first half of the year was EUR 730 thousand (previous year: EUR 835 thousand), EBIT was EUR 190 thousand (previous year: EUR 299 thousand), EBT was EUR 112 thousand (previous year: EUR 228 thousand) and net income was EUR 103 thousand (previous year: EUR 164 thousand).
With very good order backlogs, limited resources prevented stronger growth. Limited personnel capacity and recently high levels of sick leave, as well as delays in the supply of hardware components, are currently hampering the completion of projects. While the market recovery in Germany led to a significant improvement in sales in the Identification & Payment segment, as expected, the shortage of parts in the Physical Access segment in particular and a subdued business development in Switzerland slowed down growth.
Irrespective of this, SECANDA is continuing its growth strategy. In Germany and Switzerland, we are focusing on the market for clinics, healthcare facilities and assisted living with our CARE division. 1,800 potential facilities in Germany alone have been identified and addressed. In the CORPORATE area, we want to add new capabilities to the employee ID card. In our CAMPUS area, we are taking the university card to a new level of technology: with central ID management for every student, with the app for topping up and paying from the personal credit account, and with ever new functions in our new SECANDA system.
Internationally, we are addressing a new market with the acquisition and renaming of our new Spanish subsidiary. Further international sales structures are being and have been established. With local contacts and international branches that are there for our customers in the best possible way at all times.
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.
We have been informed that the shareholding of our shareholder Dr. Cornelius Boersch has exceeded 25% in InterCard AG Informationssysteme.