InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) has released its interim report for the first six months of 2026, revealing a slight increase in group sales and improved earnings indicators despite persistent market headwinds. The company reported group sales of EUR 35.0 million, up 1.5% from EUR 34.4 million in the same period last year. However, the group still recorded a significant net loss of EUR 1.8 million, albeit narrower than the EUR 2.1 million loss in H1 2025.
Dr. Gregor Wasle, CEO of InTiCa Systems, commented on the results: “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.”
The Mobility segment, which caters to automotive customers, saw sales decline by 6.4% to EUR 30.0 million in H1 2026, compared to EUR 32.0 million in H1 2025. In contrast, the Industry & Infrastructure segment posted impressive growth, with sales surging 104.8% to EUR 5.0 million from EUR 2.4 million in the prior-year period. This diversification is part of the company's strategic transformation to reduce reliance on the cyclical automotive sector.
Despite the top-line improvement, profitability remained under pressure due to rising input costs. The material cost ratio increased significantly to 61.1% from 57.2% in H1 2025, primarily driven by higher copper prices. Personnel expenses 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 rose to EUR 2.0 million from EUR 1.9 million, with the EBITDA margin improving slightly to 5.8%. EBIT remained negative at minus EUR 1.1 million, but improved from minus EUR 1.3 million in H1 2025. At the segment level, Mobility reported an EBIT loss of EUR 1.1 million, while Industry & Infrastructure turned positive with EBIT of EUR 0.1 million.
The company's financial result was minus EUR 0.7 million, and tax income of EUR 2 thousand was recorded. Consequently, group net income was minus EUR 1.8 million, translating to earnings per share of minus EUR 0.42 (H1 2025: minus EUR 0.49). Cash flow from operating activities was negative at EUR 0.6 million, a reversal from a positive inflow of EUR 2.8 million in H1 2025, reflecting the net loss and working capital changes. Total cash outflow was minus EUR 0.1 million, and the equity ratio decreased to 28.0% from 32.1% at the end of 2025, though still considered solid.
Orders on hand provided a glimmer of optimism, rising to EUR 81.4 million as of June 30, 2026, from EUR 76.7 million a year earlier. Of these orders, 93% were attributed to the Mobility segment. The company noted that new orders in the first half were mainly for inverter components. However, uncertainty persists regarding the sustainability of order stabilization, especially with potential adjustments expected in the fourth quarter.
Friedrich Erfuth of the Board of Directors commented on the outlook: “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.”
For the full year 2026, the Board of Directors maintains its guidance of 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, no new conflicts, and secured financing. However, unforeseeable negative effects could impact suppliers, directly affect InTiCa Systems, or affect 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.
