InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first half of 2026, revealing a slight improvement in both sales and earnings compared to the previous year. Group sales increased by 1.5% 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. Despite these gains, the company reported a net loss of EUR 1.8 million, reflecting persistent challenges in the automotive sector and rising input costs.
The Mobility segment, which remains the primary revenue driver, saw sales decline by 6.4% to EUR 30.0 million, largely due to a weaker second quarter. In contrast, the Industry & Infrastructure segment posted exceptional growth, with sales surging 104.8% to EUR 5.0 million, driven by strong demand for inverter components and charging systems. This diversification is part of the company's strategic transformation to reduce reliance on the volatile automotive market.
Profitability was hampered by a significant increase in the material cost ratio, which rose to 61.1% from 57.2% in the prior year, primarily due to higher copper prices and oil-dependent precursors such as plastics and enamelled copper wire. Although the company has implemented cost reduction and productivity enhancement measures, these were insufficient to fully offset the input cost pressures. EBITDA, however, improved slightly to EUR 2.0 million (H1 2025: EUR 1.9 million), with the margin edging up to 5.8%.
Orders on hand reached EUR 81.4 million as of June 30, 2026, up from EUR 76.7 million a year earlier, providing some reassurance about future demand. The majority of orders (93%) came from the Mobility segment, particularly for inverter components. However, the company warns of potential adjustments in the fourth quarter due to European manufacturers' model policies and ongoing volatility in order offtake.
Financially, the company experienced a net cash outflow from operating activities of EUR 0.6 million, a reversal from an inflow of EUR 2.8 million in H1 2025, reflecting the negative net result. The equity ratio decreased to 28.0% from 32.1% at the end of 2025, but remains at a level the company considers solid. Liquidity management remains a top priority, supported by standstill agreements with banks.
Looking ahead, the Board of Directors maintains its forecast for the full year 2026, projecting 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. This outlook assumes no further deterioration in cyclical trends, no escalation of geopolitical or trade conflicts, and continued financing. CEO Dr. Gregor Wasle 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.”
The company continues to focus on its transformation through diversification, specialization, and localization, with increased emphasis on electric motors and EMC filters. The local-to-local approach remains crucial, particularly in North America. Despite the difficult environment, management is cautiously optimistic, but acknowledges that unforeseeable negative effects could impact suppliers, customers, or the company itself, potentially affecting the ability to meet expectations.
The full interim report is available on InTiCa Systems' website at www.intica-systems.com.
