InTiCa Systems SE, a provider of electronic components and systems, published its interim report for the first half of 2026, revealing a slight improvement in sales and earnings indicators but still significant net losses. The company’s 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. Despite these incremental gains, the group reported a net loss of EUR 1.8 million, underscoring the persistent financial strain.
The mixed performance reflects divergent trends across its segments. The Mobility segment, which caters to automotive producers, saw sales decline by 6.4% to EUR 30.0 million, driven by a weaker second quarter. In contrast, the Industry & Infrastructure segment experienced remarkable growth, with sales surging 104.8% to EUR 5.0 million, buoyed by strong demand for inverters and charging systems. This growth, however, was insufficient to offset the challenges in the automotive sector, which remains under pressure from broader market conditions.
CEO Dr. Gregor Wasle attributed the earnings drag to escalating input costs, particularly the sharp rise in copper prices and oil-dependent materials like plastics and enamelled copper wire. These cost pressures pushed the material cost ratio up to 61.1% from 57.2% in the prior year, overshadowing the company’s cost-reduction and productivity initiatives. The personnel expense ratio also inched higher to 23.6%, while other operating expenses decreased to EUR 4.3 million.
Despite the tough environment, InTiCa managed to slightly improve its EBITDA to EUR 2.0 million, with the margin edging up to 5.8%. However, at the segment level, Mobility reported an EBIT loss of EUR 1.1 million, while Industry & Infrastructure turned positive with EBIT of EUR 0.1 million. The financial result remained negative at minus EUR 0.7 million, and tax income was negligible, leading to a net loss per share of minus EUR 0.42.
The company’s balance sheet reflects the ongoing challenges. Net cash outflow from operating activities was EUR 0.6 million, a reversal from the prior year’s inflow of EUR 2.8 million, and total cash outflow was minus EUR 0.1 million. Liquidity management remains a top priority, and the equity ratio dipped to 28.0% from 32.1% at the end of 2025, though it is still considered solid.
Orders on hand provided a glimmer of hope, rising to EUR 81.4 million as of June 30, 2026, from EUR 76.7 million a year earlier, with 93% attributed to the Mobility segment. New orders in the first half were mainly for inverter components. However, the company cautions that order stability may be temporary, with potential adjustments expected in the fourth quarter due to European manufacturers’ model policies.
Looking ahead, the Board of Directors maintains its forecast for full-year 2026, projecting group sales between EUR 68.0 million and EUR 73.0 million and an EBIT loss ranging from EUR 1.5 million to EUR 2.5 million. This outlook is contingent on the cyclical trend not deteriorating, geopolitical and trade conflicts not escalating, and financing remaining secure. The company is focusing on diversification, specialization, and localization, with increased emphasis on electric motors and EMC filters in the second half of the year.
Friedrich Erfuth of the Board of Directors emphasized the importance of the standstill agreements with banks to protect liquidity and the ongoing transformation through new business areas. The full interim report is available on the company’s website at www.intica-systems.com.
