InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) reported a slight improvement in sales and earnings for the first half of 2026, despite ongoing 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 EBITDA increased to EUR 2.0 million (H1 2025: EUR 1.9 million). However, EBIT remained negative at minus EUR 1.1 million (H1 2025: minus EUR 1.3 million), and the net loss narrowed to EUR 1.8 million (H1 2025: EUR 2.1 million).
The company's performance was mixed across segments. The Mobility segment saw sales decline by 6.4% to EUR 30.0 million (H1 2025: EUR 32.0 million), reflecting weaker demand from automotive producers. In contrast, the Industry & Infrastructure segment experienced significant growth, with sales surging by 104.8% to EUR 5.0 million (H1 2025: EUR 2.4 million), driven by strong demand for inverters and charging systems. This growth helped offset the decline in Mobility and contributed to the overall sales increase.
Despite these positive developments, InTiCa faced margin pressures from rising input costs. The material cost ratio increased to 61.1% (H1 2025: 57.2%), primarily due to higher copper prices and increases in oil-dependent precursors such as plastics and enamelled copper wire. 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). CEO Dr. Gregor Wasle noted that these cost increases overshadowed successful cost reduction and productivity enhancement measures.
The company's financial position remained strained, with net cash outflow from operating activities of EUR 0.6 million (H1 2025: inflow of EUR 2.8 million) and total cash outflow of minus EUR 0.1 million (H1 2025: minus EUR 0.9 million). The equity ratio decreased to 28.0% (December 31, 2025: 32.1%), but remains at a solid level. Liquidity management remains a top priority, and the company has secured standstill agreements with banks to protect liquidity.
Orders on hand improved to EUR 81.4 million as of June 30, 2026, up from EUR 76.7 million a year earlier, with 93% attributed to the Mobility segment. New orders were mainly for inverter components, but the extension of contract terms by European manufacturers remains a concern. The company expects potential adjustments in order volumes, particularly in the fourth quarter.
Looking ahead, the Board of Directors maintains its forecast for the full 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. This outlook assumes no further deterioration in cyclical trends, no escalation of geopolitical or trade policy conflicts, and continued financing. The company is focusing on diversification, specialization, and localization, with increased emphasis on electric motors and EMC filters, and a continued 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.
