EANS-Adhoc: IVU Traffic Technologies AG
Provisional annual figures 2010
EBIT
up by 24%
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
25.02.2011
In the financial year 2010, IVU continued its positive development and generated revenues of EUR 39.1 million, exceeding the revenue of the previous year by 5%. The gross profit was EUR 29.5 million, an increase over 2009 of 7%; EBIT even increased by 24% to EUR 2.6 million. All figures are still provisional, subject to the auditors´ certification.
The increasing international scope of IVU´s business has contributed significantly to its success. However, the new orders are associated with new challenges. For example, the order from Santiago de Chile has been considerably delayed by the fact that the country has seen two changes of transport minister within the past 10 months. It is unclear if or when this project will commence, and until the situation is clarified the order has been withdrawn from the forecast. Successes in other growth regions have ensured that the goals for 2010 were nevertheless reached and that the positive development will continue in 2011.
In 2010, IVU once again strengthened its team. Personnel capacity increased to 285 (+4.4% in comparison with 2009), and personnel expenditure increased by 3% to EUR 18.9 million. Interest payments fell by 6%, because IVU has now paid off its non-current loans.
The full Annual Report 2010 will be published on 23 March 2011 at approximately 5.00 p.m. CET under www.ivu.de.
Contact: Annette Weisser Corporate Communications IVU Traffic Technologies AG Bundesallee 88, 12161 Berlin Tel: +49.30.85906-244 Fax: +49.30.85906-111 E-mail: Annette.Weisser@ivu.de www.ivu.de
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Annette Weisser
Vorstandsassistentin
Tel.: +49 (0) 30 85 906 244
E-Mail: ann@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade