init innovation in traffic systems AG / Key word(s): Preliminary Results/Preliminary Results 29.02.2016 15:47 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Karlsruhe, 29 February 2016. init innovation in traffic systems AG (ISIN DE 0005759807) achieved a new record of EUR 105.3m (2014: EUR 103m) in revenues after a good fourth quarter in fiscal 2015. According to the preliminary figures now available the leading international supplier of integrated ITS, planning, dispatching and ticketing systems for buses and trains generated in the last quarter revenues of EUR 32.1m and operating earnings before interest and taxes (EBIT) of EUR 4.7m. Based on an entire year's perspective, the latest forecast from November 2015 for revenues and earnings have been attained. Earnings before interest and taxes (EBIT) amounted to EUR 10.8m (updated forecast EUR 10-12m, 2014: EUR 18.7m). In the year-on-year comparison it should be noted that exchange rate volatility - in particular the collapse of the Canadian dollar -, expenses incurred for activities in the Asian market, partially declined profit margins and higher personnel costs impacted the result. Net profit after interest and taxes decreased accordingly to EUR 7.6m (2014: EUR 12.1m). The Management Board will present the Annual Report for 2015 at the Press and Analyst Conference on 23 March 2016. 29.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: init innovation in traffic systems AG Käppelestraße 4-6 76131 Karlsruhe Germany Phone: +49 (0)721 6100 0 Fax: +49 (0)721 6100 399 E-mail: [email protected] Internet: www.initag.de ISIN: DE0005759807 WKN: 575980 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------