euro adhoc: Kapsch TrafficCom AG
quarterly or semiannual financial statement /
Kapsch TrafficCom with significant increase in revenues and earnings in
the
first quarter of 2008/09
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
quaterly report
27.08.2008
Vienna, 27 August 2008 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, reported a considerable increase in revenues and a significant increase in earnings even beyond the increase in revenues in the first quarter of fiscal year 2008/09 compared to the same period of the previous fiscal year.
Revenues and earnings Improvements in both large segments - SEC (Services, System Extensions, Components Sales) and RSP (Road Solution Projects) - resulted in a considerable increase in revenues of Kapsch TrafficCom Group, up 79% from EUR 33.8m to EUR 60.4m in the first three months of the current fiscal year compared to the same period of the previous fiscal year. Broken down by segment, the Road Solution Projects (RSP) segment reported an increase in revenues to EUR 26.3m (previous fiscal year: EUR 7.3m) in the first quarter due to increased business volumes. The performance of the SEC (Services, System Extensions, Components Sales) segment remained strong, generating revenues of EUR 32.1m for the first three months of the current fiscal year, 37% higher than the EUR 23.4m recorded during the same period in the previous fiscal year. This increase is primarily attributable to a significant increase in sales of components. The Others (OTH) segment recorded a decline in revenues of EUR 2.0m for the first three months of the current fiscal year.
For the same period, Kapsch TrafficCom Group is reporting improved earnings in excess of the increase in revenues. EBIT was up 189% from EUR 3.9m to EUR 11.3m. Profitability also improved, with the EBIT margin increasing from 11.7% in the first three months of the previous fiscal year to 18.6%. The analysis by segment for the first three months of fiscal year 2008/09 shows the RSP segment increasing from EUR 0.1m to EUR 4.8m, the SEC segment's EBIT growing from EUR 3.9m to EUR 6.2m (up 59%), and the OTH segment also improving its EBIT to EUR 0.3m.
Earnings per share in the first three months of the current fiscal year increased by 270% from EUR 0.23 in same period of the previous fiscal year to EUR 0.85.
In the first three months of fiscal year 2008/09, Kapsch TrafficCom Group also significantly improved earnings before tax with an 285% increase from EUR 4.0m in the first three months of the previous fiscal year to EUR 15.4m in the same period of the current fiscal year. Profit after tax for the same period increased from EUR 2.9m to EUR 11.2m (up 286%).
Financial position and cash flows With total assets of EUR 341.5 million (as of 30 June 2008) and total equity of EUR 144.3 million (as of 30 June 2008), the Kapsch TrafficCom Group's equity ratio as of 30 June 2008 was 42.3 % (31 March 2008: 44.7 %). As of 30 June 2008, Kapsch TrafficCom Group held cash and short-term securities in an amount of EUR 58.7 million. This reserve in liquidity serves as a basis to finance future projects or strategic acquisitions of companies.
The interim report for the first quarter of fiscal 2008/09 can be downloaded at www.kapschtraffic.com / Investor Relations / Financial information.
Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free- flow (MLFF) of the traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 140 installed tolling systems in 30 countries in Europe, Australia, Latin America, in the Middle-East, in the Asian/Pacific region and in South Africa, and with almost 12 million on-board units (OBUs) and nearly 11,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 20 countries.
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(U.S.A.) and may not be distributed to U.S. persons (as
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only be transacted with Relevant Persons.end of announcement euro adhoc
Further inquiry note:
For more information
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1122
Wagenseilgasse 1, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / official market