InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) today published its interim report for the first half of 2026. The Group reported a slight increase in sales and a modest improvement in earnings indicators, but still recorded a significant net loss for the period. 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.
Dr. Gregor Wasle, CEO of InTiCa Systems SE, 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.”
Segment performance varied significantly. Sales in the Mobility segment declined by 6.4% to EUR 30.0 million (H1 2025: EUR 32.0 million), reflecting weaker demand from automotive customers. In contrast, the Industry & Infrastructure segment posted a remarkable 104.8% increase in sales to EUR 5.0 million (H1 2025: EUR 2.4 million), driven by strong demand for inverter and charging systems. 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 company's cost structure was adversely affected by higher raw material prices. The ratio of material costs to total output increased significantly to 61.1% (H1 2025: 57.2%), primarily due to the sharp rise in copper prices. The personnel expense ratio also rose slightly to 23.6% (H1 2025: 23.2%), while other operating expenses decreased to EUR 4.3 million (H1 2025: EUR 5.2 million). Despite these headwinds, EBITDA improved to EUR 2.0 million (H1 2025: EUR 1.9 million), with the EBITDA margin increasing to 5.8% (H1 2025: 5.6%).
The financial result improved slightly to minus EUR 0.7 million (H1 2025: minus EUR 0.8 million), and tax income of EUR 2 thousand was recorded (H1 2025: EUR 13 thousand). Group net income for the first half of 2026 was minus EUR 1.8 million (H1 2025: minus EUR 2.1 million), resulting in earnings per share of minus EUR 0.42 (H1 2025: minus EUR 0.49).
The net loss negatively impacted cash flows. Net cash outflow for operating activities was EUR 0.6 million (H1 2025: inflow of EUR 2.8 million), and total cash outflow was minus EUR 0.1 million (H1 2025: minus EUR 0.9 million). Consequently, liquidity management remains a top priority. Due to increased current financial liabilities, the equity ratio decreased to 28.0% (December 31, 2025: 32.1%), though it remains at a solid level.
Orders on hand stabilized at EUR 81.4 million as of June 30, 2026 (June 30, 2025: EUR 76.7 million), with 93% coming from the Mobility segment (June 30, 2025: 92%). New orders in the first half were primarily for inverter components. However, the Board of Directors remains cautious about the sustainability of this stabilization, noting that adjustments may be expected, 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 guidance of Group sales between EUR 68.0 million and EUR 73.0 million, with EBIT between minus EUR 1.5 million and minus EUR 2.5 million, corresponding to an EBIT margin between -2.1% and -3.7%. The forecast assumes that the cyclical trend does not deteriorate further, geopolitical and trade policy conflicts do not escalate, and financing remains ensured. However, unforeseeable negative effects could impact suppliers, InTiCa Systems directly, or 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. For more information about the company, visit www.intica-systems.com.
