According to preliminary figures, the revenues of SECANDA AG (formerly InterCard) increased from EUR 23.1 million to EUR 23.9 million in the Group in the financial year 2022.

According to preliminary figures, EBITDA amounted to EUR 1,599 thousand (previous year: EUR 1,891 thousand), EBIT to EUR 464 thousand (previous year: EUR 745 thousand) and EBT to EUR 291 thousand (previous year: EUR 591 thousand).

The current business development of the SECANDA AG divisions varies. While our Access Control and Time & Attendance division is contributing high order backlogs to the merger into SECANDA Systems AG, the business development in Switzerland continues to weigh on our group figures.

In 2023, we succeeded in further consolidating our markets and again expanding our market leadership in Germany. The acquisition of our direct competitor H. Schomäcker GmbH, based in Cologne, also helped us in this regard.

At the same time, we have begun to fully integrate our largest subsidiaries under the new SECANDA brand to form one large company and one large team. For example, IntraKey technologies AG was recently merged into SECANDA Systems AG.

With both steps, we are combining the strengths of our existing and new subsidiaries into one powerful unit. For more innovation and for better development of our markets.

In this way, we have not only become more efficient and faster, but have also been able to reduce our costs at the same time. The cost-cutting measures in the Group have already been completed and will take full effect with around 1 million euros per year from the second half of 2023.

The Swiss subsidiary of SECANDA AG (formerly InterCard) is currently experiencing weaker business development than recently expected. Furthermore, some projects in the Physical Access & Time business unit will be postponed until 2023 due to delayed material deliveries. As a result, we expect only a slightly positive result for the Group for the full year 2022.

After the current takeover of the most important market companion in the German university market to date and with the merger of our largest subsidiaries in Germany, we expect rising revenues and a significant improvement in profitability again for the 2023 financial year. The realignment will not only result in synergies and savings, but also in potentials from the joint use of technologies and the joint market development in Germany.

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.

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.

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.

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.

→ SECANDA Half-year report 2022 (PDF 1.55 MB)