InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) has published its interim report for the first six months of 2026, revealing a slight improvement in sales and earnings despite persistent challenges in the automotive sector. Group sales rose 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 experienced a 6.4% decline in sales to EUR 30.0 million (H1 2025: EUR 32.0 million), reflecting weaker demand in the second quarter. However, this was more than offset by a remarkable 104.8% surge in the Industry & Infrastructure segment, which achieved sales of EUR 5.0 million compared to EUR 2.4 million in H1 2025. This growth was driven by increased demand for inverter components and charging systems.
Despite the sales uptick, profitability remained under pressure due to significant increases in material costs. The ratio of material costs to total output jumped to 61.1% from 57.2% in the previous year, primarily attributed to the sharp rise in copper prices and higher costs for oil-dependent precursors such as plastics and enamelled copper wire. Personnel expenses also edged up slightly to 23.6% of total output, while other operating expenses decreased to EUR 4.3 million from EUR 5.2 million.
EBITDA improved to EUR 2.0 million (H1 2025: EUR 1.9 million), with the EBITDA margin rising to 5.8% from 5.6%. At the segment level, Mobility reported an EBIT of minus EUR 1.1 million (H1 2025: minus EUR 0.7 million), while Industry & Infrastructure turned positive with an EBIT of EUR 0.1 million (H1 2025: minus EUR 0.6 million). The financial result was minus EUR 0.7 million, and after tax income of EUR 2 thousand, the Group recorded a net loss of EUR 1.8 million (H1 2025: minus EUR 2.1 million), translating to earnings per share of minus EUR 0.42.
The net loss negatively impacted cash flow, with net cash outflow for operating activities of EUR 0.6 million (H1 2025: inflow of EUR 2.8 million) and total cash outflow of minus EUR 0.1 million. Liquidity management remains a high priority, and the equity ratio decreased to 28.0% from 32.1% at the end of 2025, though it is still considered solid.
Orders on hand increased to EUR 81.4 million as of June 30, 2026, up from EUR 76.7 million a year earlier, with 93% attributed to the Mobility segment. New orders were primarily for inverter components. However, the company cautions that adjustments may occur, particularly in the fourth quarter, due to European manufacturers' model policies and ongoing market volatility.
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. 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.”
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 of -2.1% to -3.7%. The forecast assumes no further deterioration in the cyclical trend, no escalation of geopolitical and trade policy conflicts, and ensured financing. Friedrich Erfuth of the Board of Directors stated, “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.”
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.
