28.05.2019 init innovation in traffic systems SE  DE0005759807

DGAP-News: init innovation in traffic systems SE: INIT e-fare system first in North America to support public transport cards in Apple Wallet


 

DGAP-News: init innovation in traffic systems SE / Key word(s): Miscellaneous
init innovation in traffic systems SE: INIT e-fare system first in North America to support public transport cards in Apple Wallet

28.05.2019 / 12:07
The issuer is solely responsible for the content of this announcement.


The public transport provider Tri-County Metropolitan Transportation District (TriMet) has announced that riders in the Portland-Vancouver metro area can now add a Hop Fastpass(R) to Apple Wallet and use their iPhone or Apple Watch to pay their fare. Hop is the first transit (public transport) card in North America to launch in Apple Wallet. Portland-Vancouver residents can enjoy the tap-and-go convenience of Express Transit with Apple Pay leveraging the electronic fare system created by TriMet and INIT.

TriMet, C-TRAN and Portland Streetcar passengers can tap their iPhone and Apple Watch near any of the more than 1,200 INIT-supplied fare validators located at rail platforms, on buses and on streetcars around the region. With Apple Pay Express Transit there is no need to wake or unlock the device, open an app or use Face ID or Touch ID.

"TriMet has long been a leader in the transit industry, focused on the customer experience and ways to simplify riding transit," said TriMet General Manager, Doug Kelsey. "With Hop Fastpass(R), the first transit fare card in the US to launch in Apple Wallet, riders in the Portland-Vancouver area can simply tap-and-go by holding their iPhone or Apple Watch near a Hop reader."

When a rider taps their iPhone or Apple Watch to any of the fare validators, the INIT system calculates the fare, validates the transaction in the customer's online account, and displays the fare validation result to the rider in real-time. Boarding is fast and trouble-free.

TriMet, C-TRAN and Portland Streetcar riders can choose a variety of options to pay and ride: Hop card on iPhone and Apple Watch, debit or credit card on iPhone and Apple Watch, or physical Hop card. It frees riders from the worry associated with determining how many or what kind of tickets they should buy. They just tap, hop on and ride.

Additionally, Hop card on iPhone includes daily and monthly best-fare calculation for TriMet riders, so they never have to worry about when to buy a pass-the INIT system takes care of it for them.

"The Hop card in Apple Wallet is another innovative tool empowering public transit use in the region and showcasing the unique advantages of an account-based fare system. We all can be proud of this ground-breaking development," says Thomas Schaich, INIT project engineer.

TriMet, INIT, moovel (becoming REACH NOW) and other partners worked to enable this experience within Apple Wallet.




Contact:
Person making the notification:
Simone Fritz
Investor Relations
[email protected]


28.05.2019 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.

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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
EQS News ID: 816561

 
End of News DGAP News Service

816561  28.05.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 130,55 135,71 156,46 180,67 176,66 191,25 210,80
EBITDA1,2 12,76 10,94 23,45 28,89 27,41 31,21 32,26
EBITDA-Marge3 9,77 8,06 14,99 15,99 15,52 16,32
EBIT1,4 8,56 6,37 16,24 19,64 17,57 21,01 21,02
EBIT-Marge5 6,56 4,69 10,38 10,87 9,95 10,99 9,97
Jahresüberschuss1 3,64 2,44 11,34 14,94 12,45 16,50 15,15
Netto-Marge6 2,79 1,80 7,25 8,27 7,05 8,63 7,19
Cashflow1,7 2,05 12,81 21,13 24,44 16,01 24,38 7,98
Ergebnis je Aktie8 0,37 0,24 1,13 1,50 1,25 1,66 1,54
Dividende8 0,22 0,12 0,40 0,55 0,55 0,70 0,22
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INVESTOR-INFORMATIONEN
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Init
WKN Kurs in € Einschätzung Börsenwert in Mio. €
575980 36,500 Kaufen 366,46
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,98 23,73 0,74 32,91
KBV KCV KUV EV/EBITDA
3,24 45,92 1,74 12,16
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,70 0,70 1,92 06.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 13.08.2024 13.11.2024 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
14,05% 22,78% 19,67% 37,22%
    
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