InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) today published its interim report for the first half of 2026, revealing a slight improvement in sales and earnings despite persistent challenges in the automotive market. Group sales increased by 1.5% year-on-year to EUR 35.0 million (H1 2025: EUR 34.4 million), while EBIT improved to minus EUR 1.1 million from minus EUR 1.3 million in the prior-year period.
The company's Mobility segment, which supplies components for automotive applications, experienced a 6.4% decline in sales to EUR 30.0 million (H1 2025: EUR 32.0 million), largely due to a weaker second quarter. In contrast, the Industry & Infrastructure segment posted remarkable growth, with sales surging 104.8% to EUR 5.0 million (H1 2025: EUR 2.4 million), driven by strong demand for inverters and charging systems. This segment also turned profitable, reporting positive EBIT of EUR 0.1 million, compared to a loss of EUR 0.6 million in the first half of 2025.
Despite the top-line improvement, the company continued to grapple with cost pressures. The ratio of material costs to total output rose significantly to 61.1% (H1 2025: 57.2%), primarily due to a sharp increase in copper prices and higher costs for oil-dependent precursors such as plastics and enamelled copper wire. Personnel expense ratio also edged up to 23.6% from 23.2%, while other operating expenses decreased to EUR 4.3 million from EUR 5.2 million.
EBITDA increased to EUR 2.0 million (H1 2025: EUR 1.9 million), with the EBITDA margin improving slightly to 5.8% from 5.6%. However, the company reported a net loss of EUR 1.8 million (H1 2025: loss of EUR 2.1 million), translating to a loss per share of EUR 0.42 (H1 2025: EUR 0.49). The financial result improved to minus EUR 0.7 million from minus EUR 0.8 million, and tax income was EUR 2 thousand.
The net loss adversely affected cash flow. Net cash outflow from operating activities was EUR 0.6 million (H1 2025: inflow of EUR 2.8 million), and total cash outflow was minus EUR 0.1 million (H1 2025: minus EUR 0.9 million). The equity ratio declined to 28.0% from 32.1% at the end of 2025, due to increased current financial liabilities, though it remains at a solid level.
Orders on hand rose to EUR 81.4 million (June 30, 2025: EUR 76.7 million), with 93% attributable to the Mobility segment (92% a year earlier). New orders were mainly for inverter components, and the company noted that extending contract terms is a recurring issue due to European manufacturers' model policies. The stability of the order situation remains uncertain, with potential adjustments expected in the fourth quarter.
Dr. Gregor Wasle, CEO of InTiCa Systems SE, commented: "The challenging market conditions for automotive producers have not spared InTiCa Systems SE in the second quarter. However, this was more than offset by significant growth in business with inverters and charging systems in the Industry & Infrastructure segment. On the earnings side, InTiCa is affected by the hike in copper prices and the increase in the price of precursors that are dependent on the oil price, such as plastics and enamelled copper wire. This overshadows successful measures to reduce costs and enhance productivity."
Friedrich Erfuth of the Board of Directors added: "The development of orders and the volatility of order offtake were in line with expectations and liquidity is protected by the standstill agreements with the banks. We are consistently continuing the transformation we have initiated through diversification, specialization and localization. The focus on electric motors and EMC filters will be stepped up further in the second half of the year, with increased attention being paid to the new areas of business. The local-to-local approach still plays an important role, especially in North America."
Looking ahead, the Board of Directors maintains its forecast for the full year 2026, expecting Group sales between EUR 68.0 million and EUR 73.0 million and EBIT between minus EUR 1.5 million and minus EUR 2.5 million, corresponding to an EBIT margin between -2.1% and -3.7%. The assumptions underlying this forecast include no further deterioration in the cyclical trend, no escalation of geopolitical and trade policy conflicts, no new conflicts, and ensured financing. However, unforeseeable negative effects could impact suppliers, InTiCa Systems directly, or its customers, potentially leading to an inability to meet expectations.
The complete interim report for H1 2026 is available for download from the Investor Relations section of InTiCa Systems' website at www.intica-systems.com.
