InTiCa Systems Reports Continued Challenges in 9M 2025 with Revised Guidance and Management Changes

InTiCa Systems SE published its interim report for the first nine months of 2025, revealing continued challenges with group sales declining by 8.7% year-on-year to EUR 50.6 million compared to EUR 55.4 million in the same period of 2024. The company reported negative EBIT of minus EUR 2.1 million, significantly worse than the minus EUR 0.4 million recorded in the first nine months of 2024, reflecting the persistent difficulties in the current market environment. CEO Dr. Gregor Wasle acknowledged the challenging conditions but noted slight quarterly sales improvement and the securing of several long-term follow-on orders as positive developments.

The segment performance showed divergent trends, with the Mobility segment recording a 5.3% increase in sales to EUR 46.0 million while the Industry & Infrastructure segment suffered a dramatic 61.0% decline to EUR 4.6 million. The company's EBITDA fell to EUR 2.8 million with a margin of 5.5%, down from EUR 4.6 million and 8.2% respectively in the prior year period. Group net income worsened to minus EUR 3.3 million compared to minus EUR 1.7 million in the first nine months of 2024, resulting in earnings per share of minus EUR 0.76 versus minus EUR 0.40 previously.

Despite the negative earnings performance, operating cash flow remained clearly positive at EUR 3.9 million, though below the EUR 4.7 million recorded in the same period last year. The company attributed this positive cash flow to ongoing optimization of working capital management. The equity ratio declined slightly to 27.9% from 29.8% at the end of 2024 but remains at what the company describes as a solid level. Orders on hand stood at EUR 74.2 million as of September 30, 2025, significantly below the prior-year level of EUR 86.0 million, with 93% of orders coming from the Mobility segment.

In response to the ongoing challenges, the company has strengthened its management team with the appointment of Bernd Reichle as the new CFO in early November. Reichle, an experienced financial expert, joins the management team at the second management level with responsibilities covering Finance, Controlling and Procurement, though he is not a member of the Board of Directors. This appointment supports the company's ongoing transformation and optimization projects aimed at improving operational efficiency.

The company revised its guidance for the current financial year on November 20, 2025, citing weaker-than-expected business performance and persistently negative market conditions. Group sales are now expected to be at the lower end of the previously announced EUR 66.0 million to EUR 72.0 million range. More significantly, the EBIT guidance was substantially downgraded 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. 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.

Looking ahead, the company emphasized that successful expansion into new business areas will be crucial for future development. Initial success is visible in areas such as stationary power generating facilities for data centers and electric drives for maritime applications, though these remain in early stages and are not expected to contribute significantly to current year sales. The company continues to implement further savings in fixed costs, productivity enhancement measures, and working capital optimization while maintaining that its current multi-year planning is fully financed despite the challenging operating environment.