init innovation in traffic systems AG
EANS-News: init innovation in traffic systems AG
init raises dividend for
sixth time in a row
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Annual & Special Corporate Meetings Karlsruhe (euro adhoc) - * Annual shareholders' meeting decides to distribute EUR 0.80 (2011: EUR 0.60) per share * System house for transport telematics also again on course for success in 2012 Karlsruhe, 18 May 2012. init innovation in traffic systems AG is paying a higher dividend for the sixth time in a row: the annual shareholders' meeting on 16 May 2012 decided to distribute EUR 0.80 per share from the record 2011 profit (2011: EUR 0.60). "We very consciously want to set a positive sign for the future with our dividend policy," Chairman of the Managing Board, Dr. Gottfried Greschner, emphasised in front of some 250 init shareholders present. init is again on course for success since the first quarter of 2012. With revenues and profit growth that exceeded expectations, the start to the new financial year 2012 has been successful. In the first quarter, the internationally leading system house's income rose over 40 per cent to a new record level of EUR 19.6m, profit after taxes rose 20 per cent to EUR 1.8m. "Despite the unmistakeable general economic risks, our company is thus holding fast to a sustainable course of growth," Greschner reported. Demand continues to grow for integrated init solutions init benefits from the continued rise in demand for intelligent total solutions to ensure mobility in conurbations and regions. Currently, local transport systems are being built, expanded and modernised worldwide. This is expressed in the rising number of international tenders where init is in demand as a partner. A major success factor for init is picking up on new trends in the market and technology early on and integrating them into its systems. We were again able to prove this before an international trade audience at INTERTRAFFIC, the industry trade fair that took place at the end of March in Amsterdam, Greschner reported. init presented an innovative telematics solution there that unites all processes of ticketing and fleet management as well as real-time passenger information in a client-capable system. It is responding to current requirements in local public transport of increasing service quality through a better interlacing of offers and real-time information, while at the same time lowering the investment and operating costs for the transport operator. In addition to our Intermodal Transport Control System MOBILE-ITCS, innovations such as the PC-based ticket printer with on-board computer function EVENDpc and the e-ticketing terminal PROXmobil also received considerable attention in Amsterdam. Their use makes it possible to accelerate boarding procedures, reduce waiting times and improve punctuality, which considerably contributes to higher customer satisfaction. Growth potential through additional innovations With technological innovations such as these, init intends to continue its growth course into the coming years as well - for instance with special software solutions, by means of which transport operators can optimise the deployment of vehicles such that three to five vehicles can be eliminated in a fleet of 100 vehicles. This has met with great interest, particularly in Asia. Furthermore, init recently introduced apps for passenger information for all smartphone types and for real-time evaluation of statistical data for transport operators. init is also very involved in the Europe-wide research project "European Bus System of the Future" (EBSF). "We are at the forefront when it comes to turning the future of mobility into reality. That will still provide a great deal of growth potential for our company," the init Chairman of the Managing Board emphasised in his outlook. "We are very confident of being able to grow beyond 2012 in terms of revenues and profit." Managing Board discharged for the fifth time in a row with 100 per cent On the part of the init shareholders there was again great praise for the Managing Board, management and employees. This was shown once again in the voting results of the annual shareholders' meeting. The managing board of init was discharged already for the fifth time in a row with 100 per cent of the votes. The Supervisory Board was also able to enjoy a corresponding vote of confidence. Further inquiry note: Alexander Güntert Tel.: +49 (0)721 6100-316 E-Mail: ir@initag.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: init innovation in traffic systems AG Käppelestraße 6 D-76131 Karlsruhe phone: +49(0)721 6100-0 FAX: +49(0)721 6100-399 mail: info@initag.de WWW: http://www.initag.de sector: Semiconductors & active components ISIN: DE0005759807 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English