13.03.2017
init innovation in traffic systems SE DE0005759807
DGAP-News: init innovation in traffic systems SE: preliminary figures for 2016
DGAP-News: init innovation in traffic systems SE / Key word(s): Preliminary
Results/Preliminary Results
init innovation in traffic systems SE: preliminary figures for 2016
13.03.2017 / 16:48
The issuer is solely responsible for the content of this announcement.
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Preliminary figures:
In 2016, init recorded the second-highest order income in the company's
history, at EUR 128.7m
- Increase in revenues to EUR 108.6m (2015: EUR 105.3m)
- Operating earnings reach EUR 11.6m (2015: EUR 10.8m)
- Positive effects from acquisitions
- init involved in research projects on autonomous vehicles and networked
transport systems
init innovation in traffic systems SE (ISIN DE 0005759807 - formerly init
AG) achieved its business goals in 2016. According to the preliminary
figures that are now available, the world's leading provider of integrated
planning, dispatching, telematics and ticketing solutions for buses and
trains increased its revenues in the last financial year by 3 per cent to
EUR 108.6m (2015: EUR 105.3m, 2016 updated guidance: EUR 106m). With new
orders to the value of EUR 128.7m (2015: EUR 67.2m), the planning goal was
achieved and, indeed, the company recorded the second-highest level of
incoming orders in its history. Operating earnings before interest and
taxes, at EUR 11.6m (2015: EUR 10.8m) were in the target range (2016 updated
guidance: EUR 12m).
The figures reflect the positive effects of the iris GmbH acquisitions
completed in 2016; this was fully consolidated for the first time. Holding
gains of former shares resulted in an extraordinary effect on EBIT of EUR
4.7m. iris is the leading manufacturer of sensor components and products for
automatic passenger counting for buses and trains.
A growth driver for the future will be mobile phone ticketing. In 2016 init
strengthened its hand in this area with two acquisitions. US subsidiary INIT
Innovations in Transportation, Inc. acquired a 26 per cent stake in Bytemark
Inc., New York. Bytemark is the leading provider of mobile phone ticketing
solutions for transport companies in North America and also has offices in
the United Kingdom, India and Australia. The two companies have already
worked together on a wide range of major projects involving transport
companies in North America and now want to continue their collaboration on a
global basis. The investment in Bytemark Inc. is consolidated under the
equity method on the init group's balance sheet.
On 1 October 2016 HanseCom Public Transport Ticketing Solutions GmbH in
Hamburg also became part of the init group. HanseCom is a leading provider
of mobile phone ticketing as well as of sales and customer management
systems for public transport in Germany.
Also, init has set a decisive course for the future with investments in
various research projects. In addition to the ever present topic that is the
digitalisation of business processes, these projects were mainly concerned
with innovations in electromobility, the networking of transport systems,
security of data communications and autonomous vehicles in public transport.
The Managing Board of init will provide an insight into these areas of
endeavour and present the outlook for 2017 and the detailed Annual Report at
the press and analysts conference on 29 March 2017.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
[email protected]
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13.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: init innovation in traffic systems SE
Käppelestraße 4-10
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: [email protected]
Internet: www.initse.com
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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553541 13.03.2017
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