EANS-Adhoc: IVU Traffic Technologies AG
Figures for the first three months of
financial year 2009
Clear year-on-year improvement
Predictions for 2009
remain good
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
3-month report
20.05.2009
IVU Traffic Technologies AG is continuing to grow. After a positive annual result for 2008, it now presents good figures for the first quarter of 2009: Revenue was EUR 7.3 million (compared with EUR 5.1 million in the same period in 2008, an increase of 42.2 %), and the gross profit is EUR 6.1 million (plus 44.5 %). EBIT is +EUR 1.2 million and the con-solidated profit is + EUR 1.1 million.
Expenditure has also increased slightly. This is due in part to higher personnel costs for the new coworkers who are needed now and in future for further product development and for larger projects. There have also been increased costs related to projects and acquisitions, for example for trips to South America and the Gulf States, as well as for the extensive advertising for the IVU.suite and its products, which has been very well received by the specialists in the sector.
Earnings before interest and taxes (EBIT) are slightly above EUR 0, which is a clear improve-ment over the same period in the previous year. A result of about zero for the first quarter is normal for IVU, because the business is usually seasonal, and is strongest in the fourth quarter. Against this background, 2009 has been one of the strongest first quarters in the past five years.
Despite the continuing economic crisis, we expect a positive annual result for the financial year 2009. The good first quarter and order book levels which are 30% higher in comparison with the previous year offer a solid foundation for this. We continue to expect annual revenue of more than EUR 35 million and a gross profit of about EUR 27 million.
A further stabilising factor is that by mid-2009 the long-term bank loans will have been com-pletely repaid.
The full report can be accessed from about 5.00 p.m. CEST at www.ivu.de.
end of announcement euro adhoc
Further inquiry note:
Renate Bader
Leiterin Unternehmenskommunikation
Telefon: +49(0)30 859 06 800
E-Mail: rba@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade