EANS-News: Kapsch TrafficCom AG - Strong increase in revenues and profit for the
period in the first nine months of the 2016/17 fiscal year
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quarterly report
Highlights
*28% increase in sales against Q1-Q3 of the previous year
*EBIT about the same as the comparable value of the previous year
*Profit for the period increased strongly
*Despite acquisitions and dividend payment: Net credit of EUR 17.6
million
*New projects won along with solid new business pipeline
*Focus on integration of the transportation business taken over by
Schneider Electric
"We are well on course to implementing our 2020 strategy. The Group is growing
both organically as well as through acquisitions. In doing so, the company's
profitability with toll solutions supports expansion into the young business
area of Intelligent Mobility Solutions", says Georg Kapsch, CEO Kapsch
TrafficCom.
_______________________________________________________________________________
| Unless otherwise|___________________Q1-Q3||______________________Q3||______FY|
| stated, all| | | || | | || |
| values in EUR| | | || | | || |
|_____________Mio.|_2016/17|__+/-_|_2015/16||_2016/17|__+/-_|_2015/16||_2015/16|
| | | | || | | || |
|_________Revenues|___483.8|_27.6%|___379.2||___172.2|_28.2%|___134.3||___526.1|
| | | | || | | || |
|_____________EBIT|____43.0|_-0.7%|____43.3||____14.2|-10.3%|____15.9||____62.3|
| | | | || | | || |
|______EBIT_Margin|____8.9%|-2.5%p|___11.4%||____8.3%|-3.6%p|___11.8%||___11.9%|
| Profit| | | || | | || |
|___for_the_period|____29.4|_16.3%|____25.3||_____9.3|_53.0%|_____6.1||____36.5|
| Profit for the| | | || | | || |
| period| | | || | | || |
| attributable to| | | || | | || |
|___equity_holders|____30.1|_40.8%|____21.3||_____9.5|103.3%|_____4.7||____31.1|
Vienna, February 22, 2017 - Kapsch TrafficCom continues growth in the first
three quarters of the 2016/17 fiscal year. Turnover increased against the
comparison period in the previous year by EUR 104.6 million (+28%) to EUR 483.8
million, whereas the transportation division acquired from Schneider Electric on
April 1, 2016 (Kapsch TrafficCom Transportation; KTT) contributed EUR 80.7
million to total revenues. The business with toll solutions summarized in the
segment "Electronic Toll Collection" generated about three quarters of the
Group's turnover. The "Intelligent Mobility Solutions" segment accounted for the
remainder.
The operative result (EBIT) of the first nine months of the fiscal year, at EUR
43.0 million, was at the same level as the previous year. The EBIT margin
dropped by 2.5 percentage points to 8.9%. Important reasons for this are the
still negative profit contribution of Kapsch TrafficCom Transportation and the
integration costs associated with this acquisition. It is currently anticipated
that the integration process will largely be completed over the course of this
fiscal year. However, we will likely also experience a number of follow-on
effects next year. In any case, we should then start to see the synergies
resulting from the acquisition being reflected in our results.
Due to lower foreign exchange losses the financial result in Q1-Q3 2016/17 was
better than in the same period of the previous year, which even comprised a
positive one-off effect. It was therefore possible to record strong growth
(+16%) in the profit for the period to EUR 29.4 million.
Through the acquisition of the remaining 48% share in the Czech Kapsch Telematic
Services (the operating company of the toll project in the Czech Republic), the
profit for the period attributable to equity holders increased by 41%. To the
same extent, the earnings per share grew to EUR 2.31 (Q1-Q3 2015/16: EUR 1.64).
The capital resources of Kapsch TrafficCom continue to be extremely sound. In
spite of the dividend payment of a total of EUR 19.5 million as well as payments
in connection with the different acquisitions - most recently for a conditional
adjustment of the purchase price of Kapsch TrafficCom Transportation of EUR 5
million - Kapsch TrafficCom had a net credit of EUR 17.6 million as of December
31, 2016.
On the sales side, Kapsch TrafficCom achieved a range of notable successes in
the first nine months of this fiscal year. In the Czech Republic, the contract
on the operation of the nationwide toll system for road haulage was extended by
up to three more years. In Austria, Kapsch TrafficCom was awarded the contract
for the installation and technical operation of the nationwide toll system for
vehicles over 3.5 tons. After acceptance of the new system, Kapsch TrafficCom
will perform the technical operation for a duration of ten years, whereby there
is the possibility to extend by up to five years.
Kapsch TrafficCom also achieved numerous successes outside Europe. North America
is certainly the most important growth market for the Group. Besides some larger
projects, an increasing number of smaller orders are to be accounted for there.
Kapsch TrafficCom has been active in North America for many years and has
developed the market with acquisitions and organic initiatives. In this region,
the company employs about 700 employees and possesses its own production site
for components.
You can find the report for Q1-Q3 2016/17 at: http://kapsch.net/ktc/
investor_relations/reports
The results for the 2016/17 fiscal year are expected to be released on June 20,
2017.
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in
the segments of toll collection, city access control and parking space
management, traffic management, traffic monitoring, utility vehicle monitoring,
electronic vehicle registration and V2X cooperative systems. The end-to-end
solutions of Kapsch TrafficCom cover the entire value creation chain of its
customers, from components and design to the installation and operation of
systems, all from a single source. The core business comprises the development,
installation and operation of electronic toll collection and traffic management
systems. Kapsch TrafficCom is listed in the prime market of the Vienna Stock
Exchange (ISIN AT000KAPSCH9).
Reference projects in more than 50 countries on all continents have made Kapsch
TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an
Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is
headquartered in Vienna, Austria, and has subsidiaries and branches in 33
countries. It has also been listed since 2007 on the Vienna Stock Exchange
(KTCG) and earned revenues of EUR 526 million in the 2015/16 fiscal year. The
company employs over 4,600 employees worldwide.
For further information: www.kapsch.net/ktc.
Followers on Twitter at twitter.com/kapschnet.
Further inquiry note:
Press contact:
Dr. Ingrid Lawicka
Company spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Tel.: +43 50 811 1705
E-mail: ingrid.lawicka@kapsch.net
Contact for investors:
Mag. Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Tel.: +43 50 811 1122
E-mail: ir.kapschtraffic@kapsch.net
end of announcement euro adhoc
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company: Kapsch TrafficCom AG
Am Europlatz 2
A-1120 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9, AT0000A0KQ52
indexes: Prime Market
stockmarkets: official market: Wien
language: English