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, up from EUR 34.4 million in the first half of 2025. The company's earnings before interest and taxes (EBIT) improved to minus EUR 1.1 million from minus EUR 1.3 million in the prior-year period, while net loss narrowed to minus EUR 1.8 million from minus EUR 2.1 million.
Dr. Gregor Wasle, CEO of InTiCa Systems SE, commented on the performance: "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 remains the company's core business, experienced a 6.4% decline in sales to EUR 30.0 million, reflecting weaker demand from automotive customers. In contrast, the Industry & Infrastructure segment posted a remarkable 104.8% increase in sales, reaching EUR 5.0 million compared to EUR 2.4 million in the first half of 2025. This growth was driven by strong demand for inverter components and charging systems.
The company's cost structure was adversely affected by rising raw material prices. The material cost ratio increased to 61.1% of total output, up from 57.2% in the prior-year period, primarily due to the sharp rise in copper prices. Personnel expenses also rose slightly to 23.6% of output, while other operating expenses decreased to EUR 4.3 million from EUR 5.2 million.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) improved to EUR 2.0 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, a deterioration from minus EUR 0.7 million in the prior-year period, while Industry & Infrastructure achieved a positive EBIT of EUR 0.1 million, reversing a loss of minus EUR 0.6 million.
The company's financial result was minus EUR 0.7 million, slightly better than the minus EUR 0.8 million in the first half of 2025. Tax income of EUR 2 thousand was recorded, resulting in a net loss of EUR 1.8 million and earnings per share of minus EUR 0.42, compared to minus EUR 0.49 in the prior year.
Cash flow remained under pressure due to the net loss. Net cash outflow from operating activities was EUR 0.6 million, a significant swing from an inflow of EUR 2.8 million in the first half of 2025. Total cash outflow was minus EUR 0.1 million, an improvement from minus EUR 0.9 million in the prior-year period. The equity ratio declined to 28.0% from 32.1% at the end of 2025, reflecting increased current financial liabilities, but remains at a solid level.
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% attributable to the Mobility segment. New orders were primarily for inverter components. However, the company notes that extending contract terms in the Mobility segment remains a recurring issue due to European manufacturers' model policies, and the sustainability of the order stabilization is uncertain, especially 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 forecast of Group sales between EUR 68.0 million and EUR 73.0 million, with EBIT in the range of minus EUR 1.5 million to minus EUR 2.5 million, corresponding to an EBIT margin between -2.1% and -3.7%. The company aims to optimize the material cost ratio and keep the equity ratio stable. The forecast assumes no further deterioration in the cyclical trend, no escalation of geopolitical and trade policy conflicts, no new conflicts, and ensured financing. 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.
