InTiCa Systems Reports Continued Challenges in 9M 2025 with Revised Guidance and Strategic Transformation

InTiCa Systems SE reported group sales of EUR 50.6 million for the first nine months of 2025, representing an 8.7% decline compared to the same period in 2024 when sales reached EUR 55.4 million. The company's EBIT remained negative at minus EUR 2.1 million, worsening from minus EUR 0.4 million in the prior year period. Despite these challenges, operating cash flow remained positive at EUR 3.9 million, though below the EUR 4.7 million recorded in the first nine months of 2024.

The company's performance showed significant divergence between its two main segments. The Mobility segment demonstrated resilience with sales increasing 5.3% year-on-year to EUR 46.0 million, while the Industry & Infrastructure segment experienced a substantial 61.0% decline to EUR 4.6 million. This segment disparity reflects broader market trends affecting industrial customers differently from automotive and mobility clients. The complete interim report for 9M 2025 is available for download from the Investor Relations section of InTiCa Systems' website at https://www.intica-systems.com.

CEO Dr. Gregor Wasle commented on the business performance, noting that despite the difficult environment, sales rose slightly year-on-year in the third quarter. He emphasized that the company has secured several long-term follow-on orders, though acknowledging the clear reduction over the nine-month period. The sales shortfall has directly impacted the earnings situation, prompting continued focus on the transformation process launched in 2024.

The company's financial metrics showed mixed results. The cost ratio increased to 58.5% from 55.0% in the prior year, primarily due to changes in the product mix. However, the personnel expense ratio improved from 25.1% to 23.8%, and other operating expenses decreased to EUR 7.4 million from EUR 8.4 million despite additional reporting and consulting costs related to restructuring measures. EBITDA fell to EUR 2.8 million from EUR 4.6 million, resulting in an EBITDA margin of 5.5% compared to 8.2% in the prior year.

Group net income was minus EUR 3.3 million for the first nine months of 2025, compared to minus EUR 1.7 million in the same period last year. Earnings per share reflected this decline at minus EUR 0.76 versus minus EUR 0.40 in 2024. The equity ratio declined slightly to 27.9% from 29.8% at the end of 2024 but remains at what the company describes as a solid level.

Orders on hand stood at EUR 74.2 million at the end of September 2025, significantly below the prior-year level of EUR 86.0 million. The Mobility segment accounted for 93% of these orders, consistent with the previous year's distribution. The company noted stable demand for specific products including stators and antennas, with contract extensions of up to ten years currently being negotiated for major product groups.

In response to the challenging conditions, InTiCa Systems has strengthened its management team with the appointment of Bernd Reichle as the new CFO in early November. Mr. Reichle, an experienced financial expert, is responsible for Finance, Controlling and Procurement, though he is not a member of the Board of Directors. This appointment supports the company's ongoing transformation and optimization projects.

The company revised its guidance for the current financial year on November 20, citing weaker-than-expected business performance and persistently negative market conditions. Group sales are now expected to be at the lower end of the previously announced EUR 66.0 million to EUR 72.0 million range. More significantly, the EBIT projection was revised downward from the lower end of the minus EUR 0.5 million to EUR 1.5 million range to between minus EUR 1.5 million and minus EUR 2.5 million.

Looking forward, InTiCa Systems is focusing on strategic initiatives including savings in fixed costs, productivity enhancement measures, diversification of the supplier structure, and expansion of the product portfolio. The company noted increasing local-to-local trends, particularly from US companies, which are creating opportunities for its Mexico facility. New business areas showing promise include stationary power generating facilities for data centers and electric drives for maritime applications, though these remain in early development stages and are not expected to contribute significantly to current year sales.