InTiCa Systems SE reported continued financial challenges in its interim report for the first nine months of 2025, with group sales declining to EUR 50.6 million compared to EUR 55.4 million in the same period last year. The company's EBIT position worsened significantly, reaching negative EUR 2.1 million compared to negative EUR 0.4 million in the first nine months of 2024, reflecting the persistent difficulties in the current market environment. The company's performance showed stark contrasts between its two main segments, with the Mobility segment demonstrating relative resilience with sales increasing 5.3% year-on-year to EUR 46.0 million, while the Industry & Infrastructure segment experienced a dramatic 61.0% decline to EUR 4.6 million.
This divergence underscores the shifting dynamics within the electronics components market and highlights the company's ongoing strategic challenges. Despite the negative earnings performance, operating cash flow remained positive at EUR 3.9 million, reflecting successful working capital optimization efforts. However, total cash flow remained negative at minus EUR 0.9 million due to high principal repayments. The equity ratio declined slightly to 27.9% from 29.8% at the end of 2024, though management described this level as solid. The company's order backlog presents additional concerns, standing at EUR 74.2 million as of September 30, 2025, significantly below the prior-year level of EUR 86.0 million.
Notably, 93% of orders were concentrated in the Mobility segment, indicating continued reliance on automotive markets. CEO Dr. Gregor Wasle acknowledged the challenging environment while emphasizing the company's transformation efforts, stating that despite securing several long-term follow-on orders, clear reductions persisted over the nine-month period. In response to the ongoing challenges, InTiCa Systems has implemented several strategic measures, including appointing Bernd Reichle as the new CFO in early November to strengthen financial management and support the transformation process. Management continues to pursue cost optimization, productivity enhancements, and diversification of supplier structures while expanding the product portfolio and repositioning business segments.
The company's revised guidance reflects the persistent market difficulties, with management now expecting group sales to reach only the lower end of the previously projected EUR 66.0 million to EUR 72.0 million range. More significantly, EBIT projections have been substantially downgraded from the lower end of minus EUR 0.5 million to EUR 1.5 million range to between minus EUR 1.5 million and minus EUR 2.5 million. The complete interim report for 9M 2025 is available for download from the Investor Relations section of InTiCa Systems' website. Looking forward, the company identifies potential growth opportunities in new business areas, including development contracts for stationary power generating facilities and electric drives for maritime applications.
However, management acknowledges these initiatives remain in early stages and are not expected to contribute significantly to current-year sales. The company also notes increasing local-to-local trends, particularly from US companies, which could benefit its Mexican operations. The persistent challenges facing InTiCa Systems highlight broader issues within the electronic components industry, where companies must navigate volatile demand patterns while investing in strategic transformations. The company's experience serves as an indicator of the ongoing adjustments required in the automotive and industrial electronics sectors amid changing market requirements and economic uncertainties.
