InTiCa Systems SE published its interim report for the first nine months of 2025, revealing challenging market conditions that have led to revised financial guidance. Group sales declined by 8.7% year-on-year to EUR 50.6 million compared to EUR 55.4 million in the same period last year. The company reported negative EBIT of EUR 2.1 million, significantly worse than the EUR 0.4 million loss recorded in the first nine months of 2024.
The Industry & Infrastructure segment experienced particularly severe challenges, with sales plummeting 61.0% to EUR 4.6 million compared to EUR 11.7 million in the prior-year period. In contrast, the Mobility segment showed resilience with sales increasing 5.3% to EUR 46.0 million from EUR 43.7 million in the first nine months of 2024. Despite the negative earnings performance, operating cash flow remained clearly positive at EUR 3.9 million, reflecting successful working capital optimization efforts.
CEO Dr. Gregor Wasle commented on the company's performance, noting that despite the difficult environment, sales rose slightly year-on-year in the third quarter and the company secured several long-term follow-on orders. The complete interim report for 9M 2025 is available for download from the Investor Relations section of InTiCa Systems' website at https://www.intica-systems.com.
The order situation remains challenging, with orders on hand standing at EUR 74.2 million as of September 30, 2025, significantly below the prior-year level of EUR 86.0 million. Approximately 93% of current orders are for the Mobility segment. The company noted stable demand for specific product categories including stators and antennas, with contract extensions of up to ten years currently being negotiated for major product groups.
In response to the ongoing challenges, the Board of Directors revised its guidance on November 20, 2025. The company now expects Group sales to be at the lower end of the previously announced EUR 66.0 million to EUR 72.0 million range. More significantly, EBIT projections were adjusted downward from the lower end of the minus EUR 0.5 million to EUR 1.5 million range to between minus EUR 1.5 million and minus EUR 2.5 million.
To support the ongoing transformation, the company strengthened its management team with the appointment of Bernd Reichle as the new CFO at the beginning of November. Mr. Reichle, an experienced financial expert, is responsible for Finance, Controlling and Procurement, though he is not a member of the Board of Directors. The company continues to implement cost-saving measures and productivity enhancements while maintaining focus on liquidity management and working capital optimization.
Looking toward future growth, InTiCa Systems is expanding into new business areas, including development contracts for stationary power generating facilities for data centers and electric drives for maritime applications. However, these initiatives remain in early stages and are not expected to contribute significantly to sales in the current year. The company's multi-year planning remains fully financed, and the equity ratio, while declining slightly to 27.9%, remains at a solid level.
