InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first six months of 2026, revealing a slight increase in group sales and a marginal improvement in earnings, though the company still recorded a significant net loss. The results underscore the persistent pressures from the automotive sector and rising input costs, even as the Industry & Infrastructure segment showed strong growth.
Group sales rose by 1.5% year-on-year to EUR 35.0 million, compared with EUR 34.4 million in H1 2025. The Mobility segment experienced a 6.4% decline to EUR 30.0 million, reflecting weaker demand in the second quarter. In contrast, the Industry & Infrastructure segment saw a remarkable 104.8% increase to EUR 5.0 million, driven by strong demand for inverters and charging systems. This diversification helped offset the downturn in the core automotive business.
Despite the top-line improvement, profitability remained under pressure. The material cost ratio jumped to 61.1% from 57.2% in the prior year, primarily due to higher copper prices and oil-linked precursors such as plastics and enamelled copper wire. The personnel expense ratio edged up to 23.6%, while other operating expenses fell to EUR 4.3 million from EUR 5.2 million. EBITDA rose to EUR 2.0 million, with a margin of 5.8%, but EBIT remained negative at minus EUR 1.1 million. The Mobility segment reported an EBIT of minus EUR 1.1 million, while Industry & Infrastructure achieved a positive EBIT of EUR 0.1 million, a turnaround from the prior year's loss.
The financial result improved slightly to minus EUR 0.7 million, and group net income was minus EUR 1.8 million, a narrowing from the prior year's loss of EUR 2.1 million. Earnings per share stood at minus EUR 0.42. Cash flow from operating activities was negative at EUR 0.6 million outflow, compared with an inflow of EUR 2.8 million in the prior year, reflecting the net loss and working capital changes. 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 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 order book stabilization is a positive sign, but management cautions that adjustments may occur, particularly in the fourth quarter. CEO Dr. Gregor Wasle noted that challenging market conditions for automotive producers persisted in Q2, but growth in inverters and charging systems offset this. He highlighted the impact of copper and oil-price-related cost increases, which overshadow successful cost reduction and productivity measures.
Looking ahead, the Board of Directors maintains its forecast for 2026, expecting 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 or trade conflicts, and continued financing. The company is focusing on diversification, specialization, and localization, with increased emphasis on electric motors and EMC filters, and the local-to-local approach remains important, especially in North America.
The full interim report is available on the company's website at www.intica-systems.com. The results highlight the ongoing challenges in the automotive supply chain and the importance of strategic diversification to mitigate sector-specific risks.
