According to preliminary figures, the revenues of InterCard AG Informationssysteme in the concern have risen to EUR 20.7 million. During the previous year the concern revenues were EUR 19.1 million.
The increase in the result lay above our expectations during the year. According to our preliminary figures the EBITDA increased in 2020 to TEUR 2,311; during 2019 it lay at TEUR 1,840 and in 2018 at TEUR 987. The EBIT rose to TEUR 1,172 after TEUR 798 in the previous year and TEUR 342 in 2018. The EBT reached TEUR 1,047 after TEUR 675 in 2019 and TEUR 255 in 2018.
The increased result within the concern resulted from the continued positive development in some areas of business such as access controls – accompanied by strict costs discipline in areas that were adversely affected by the pandemic.
The increase in revenues within the concern is largely due to the consolidation of our new subsidiary company IDpendant from September 2020. During the consolidation period 2020 its contribution to the concern revenues lay at approx. EUR 1.8 million. In 2021 the company will contribute to concern revenues throughout the year for the first time. IDpendant worked profitably throughout the year during 2020, with revenues of well over EUR 4 million.
In the case of systems and solutions for universities and further education establishments, hitherto our largest revenues segment by far, we have recently continued to register low incoming orders as a result of the closures, and delays in the execution of orders which cannot yet be quantified entirely. Following 2020, which was a good business year, we consequently expect a lower annual result for 2021 with only a small rise in revenues due to acquisitions.