InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first six months of 2026, revealing a modest uptick in sales and earnings despite a difficult market environment. Group sales reached EUR 35.0 million, a 1.5% increase from EUR 34.4 million in the prior-year period. However, the company still reported a significant net loss, underscoring the persistent headwinds it faces.
The Mobility segment, which accounts for the bulk of sales, saw a 6.4% decline to EUR 30.0 million, reflecting weaker demand in the second quarter. In contrast, the Industry & Infrastructure segment experienced robust growth, with sales soaring 104.8% to EUR 5.0 million, driven by strong demand for inverter and charging systems. CEO Dr. Gregor Wasle commented, “The challenging market conditions for automotive producers have not spared InTiCa Systems 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.”
Earnings before interest, taxes, depreciation, and amortization (EBITDA) improved slightly to EUR 2.0 million, with the EBITDA margin rising to 5.8% from 5.6%. Nonetheless, EBIT remained negative at minus EUR 1.1 million, though better than the minus EUR 1.3 million recorded in H1 2025. The company attributed the persistent losses to soaring copper prices and rising costs of oil-dependent precursors like plastics and enamelled copper wire, which overshadowed successful cost reduction and productivity measures.
The financial result improved marginally to minus EUR 0.7 million, and net income for the period was minus EUR 1.8 million, compared to minus EUR 2.1 million in the first half of 2025. Earnings per share stood at minus EUR 0.42, up from minus EUR 0.49. The net loss also pressured cash flow, with operating cash flow turning negative at EUR 0.6 million, compared to an inflow of EUR 2.8 million in the prior year. The equity ratio decreased to 28.0% from 32.1% at the end of 2025, though it remains at a solid level.
Orders on hand provided a glimmer of hope, rising to EUR 81.4 million from EUR 76.7 million a year earlier, with 93% coming from the Mobility segment. New orders were primarily for inverter components, but the company cautioned that the sustainability of this stabilization remains uncertain, especially with potential adjustments expected in the fourth quarter.
Looking ahead, InTiCa Systems anticipates continued challenges. The Board of Directors projects full-year 2026 sales 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 company is focusing on diversification, specialization, and localization, particularly in North America, and plans to step up its focus on electric motors and EMC filters. However, the outlook is clouded by geopolitical and trade policy risks, as well as potential supply chain disruptions.
The complete interim report is available on the company's website at www.intica-systems.com.
