InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) has published its interim report for the first half 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 continues to grapple with rising copper prices and increased costs for oil-dependent precursors such as plastics and enamelled copper wire, which have overshadowed successful cost reduction and productivity measures.
The Mobility segment, which remains the largest revenue contributor, experienced a 6.4% decline in sales to EUR 30.0 million (H1 2025: EUR 32.0 million), primarily due to a weaker second quarter. In contrast, the Industry & Infrastructure segment delivered robust growth, with sales surging 104.8% to EUR 5.0 million (H1 2025: EUR 2.4 million), driven by strong demand for inverter components and charging systems. This diversification is a key element of the company's transformation strategy.
On the earnings side, the material cost ratio increased significantly to 61.1% (H1 2025: 57.2%), reflecting the sharp rise in copper prices. The personnel expense ratio edged up slightly to 23.6% (H1 2025: 23.2%), 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% (H1 2025: 5.6%). At the segment level, Mobility reported an EBIT of minus EUR 1.1 million (H1 2025: minus EUR 0.7 million), whereas Industry & Infrastructure turned positive with EUR 0.1 million (H1 2025: minus EUR 0.6 million).
The financial result was minus EUR 0.7 million (H1 2025: minus EUR 0.8 million), and tax income of EUR 2 thousand was recorded. Consequently, Group net income was minus EUR 1.8 million (H1 2025: minus EUR 2.1 million), translating to earnings per share of minus EUR 0.42 (H1 2025: minus EUR 0.49). The net loss weighed on cash flow, with operating cash flow at minus EUR 0.6 million (H1 2025: positive EUR 2.8 million) and total cash outflow of minus EUR 0.1 million. Liquidity management remains a top priority, and the equity ratio decreased to 28.0% (December 31, 2025: 32.1%), 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% attributable to the Mobility segment. New orders were primarily for inverter components, and the company notes that extending contract terms is a recurring issue due to European manufacturers' model policies. The stabilization of orders may be temporary, with potential adjustments expected in the fourth quarter.
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.” He added that rising material costs overshadow successful internal measures.
Looking ahead, the Board of Directors maintains its forecast for fiscal year 2026, projecting 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 assumptions include no further deterioration in the cyclical trend, no escalation of geopolitical and trade conflicts, no new conflicts, and assured financing. The company continues its transformation through diversification, specialization, and localization, with increased focus on electric motors and EMC filters, and emphasizes its local-to-local approach, particularly 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.
