InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first half of 2026, revealing a slight improvement in sales and earnings despite a challenging market environment. Group sales increased by 1.5% year-on-year to EUR 35.0 million, while EBIT improved to minus EUR 1.1 million from minus EUR 1.3 million in the prior-year period.
The company's Mobility segment experienced a 6.4% decline in sales to EUR 30.0 million, primarily due to a weaker second quarter. In contrast, the Industry & Infrastructure segment posted remarkable growth, with sales surging 104.8% to EUR 5.0 million, driven by strong demand for inverters and charging systems. This growth partially offset the weakness in the automotive sector.
Despite these positive developments, the company faced significant cost pressures. The ratio of material costs to total output rose sharply to 61.1% from 57.2%, mainly due to the hike in copper prices and increases in oil-dependent precursors such as plastics and enamelled copper wire. These cost increases overshadowed successful measures to reduce costs and enhance productivity.
EBITDA increased slightly to EUR 2.0 million, with the EBITDA margin improving to 5.8%. At the segment level, Mobility reported an EBIT of minus EUR 1.1 million, while Industry & Infrastructure achieved a positive EBIT of EUR 0.1 million, a notable turnaround from a negative EBIT of minus EUR 0.6 million in the prior year.
The net loss for the period was minus EUR 1.8 million, an improvement from minus EUR 2.1 million in H1 2025. Earnings per share stood at minus EUR 0.42, compared to minus EUR 0.49 in the prior year. The company's liquidity management remains a high priority, with net cash outflow from operating activities of EUR 0.6 million in the first half, a swing from an inflow of EUR 2.8 million in the prior-year period. The equity ratio decreased to 28.0% from 32.1% at the end of 2025, but remains at a solid level.
Orders on hand at the end of June 2026 were EUR 81.4 million, up from EUR 76.7 million a year earlier, providing some optimism for future revenue. New orders were primarily for inverter components, and 93% of orders were for the Mobility segment. However, the company notes that extending contract terms remains a challenge due to European manufacturers' model policies.
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. 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. This overshadows successful measures to reduce costs and enhance productivity.”
Looking ahead, the Board of Directors expects Group sales for the full year 2026 to be between EUR 68.0 million and EUR 73.0 million, with EBIT ranging from minus EUR 1.5 million to minus EUR 2.5 million. The forecast assumes no further deterioration in the cyclical trend, no escalation of geopolitical and trade policy conflicts, and ensured financing. However, the company acknowledges that unforeseeable negative effects could impact suppliers, InTiCa Systems, or its customers, potentially affecting results.
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.
