29.02.2016
init innovation in traffic systems AG DE0005759807
DGAP-Adhoc: init innovation in traffic systems AG: Preliminary figures for 2015: revenues and EBIT within the target range
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.
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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
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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
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