InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first six months of 2026, revealing a modest improvement in sales and earnings despite a challenging market environment. Group sales rose 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 continues to face headwinds from the automotive sector and increased material costs, but strategic diversification is beginning to yield results.
The Mobility segment, which remains the core business, saw sales decline by 6.4% to EUR 30.0 million in H1 2026, reflecting weaker demand from automotive producers. However, the Industry & Infrastructure segment experienced remarkable growth, with sales soaring 104.8% to EUR 5.0 million, driven by strong demand for inverter components and charging systems. This growth partially offset the decline in Mobility, contributing to the overall sales increase.
Despite the revenue uptick, profitability remains under pressure. The material cost ratio rose significantly to 61.1% (H1 2025: 57.2%), primarily due to the sharp increase in copper prices and higher costs for oil-dependent precursors such as plastics and enamelled copper wire. Personnel expenses also edged up slightly to 23.6% of total output. Nevertheless, other operating expenses decreased to EUR 4.3 million from EUR 5.2 million, helping to mitigate the impact. EBITDA improved to EUR 2.0 million, with a margin of 5.8%, slightly above the prior-year level.
At the segment level, Mobility reported an EBIT of minus EUR 1.1 million, a deterioration from the prior-year loss of EUR 0.7 million. In contrast, Industry & Infrastructure achieved a positive EBIT of EUR 0.1 million, reversing a loss of EUR 0.6 million in H1 2025. This turnaround underscores the potential of the company's diversification strategy.
The net loss for the period was EUR 1.8 million, an improvement from the EUR 2.1 million loss in H1 2025, with earnings per share at minus EUR 0.42 (H1 2025: minus EUR 0.49). The negative result weighed on cash flow, with net cash outflow from operating activities of EUR 0.6 million, compared to an inflow of EUR 2.8 million in the prior year. Total cash outflow was minus EUR 0.1 million. The equity ratio declined to 28.0% from 32.1% at the end of 2025, though it remains at a solid level.
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% attributed to the Mobility segment. The company noted that new orders were primarily for inverter components. However, the sustainability of this stabilization is uncertain, with potential adjustments expected in the fourth quarter.
Looking ahead, the Board of Directors reaffirmed its full-year guidance for 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. The forecast assumes no further deterioration in cyclical trends, no escalation of geopolitical and trade conflicts, and continued financing availability. The company remains focused on its transformation through diversification, specialization, and localization, with increased emphasis on electric motors and EMC filters.
For more details, the complete interim report is available on the company's website at www.intica-systems.com.
