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Kapsch TrafficCom AG
Earnings Release • Oct 23, 2020
747_iss_2020-10-23_bf12e6bd-4652-4dc3-8236-49297d17d3fa.pdf
Earnings Release
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Publication Date: 23.10.2020 15:20 EANS-Adhoc: Kapsch TrafficCom AG / Impairments and adjustments of project margins weigh on earnings.
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Financial Figures/Balance Sheet/Earnings Forecast 23.10.2020
Vienna - Based on updated estimates Kapsch TrafficCom has performed impairment tests for various long-term assets. The main result is a EUR 21 million impairment of goodwill. In addition, for some projects in particular in North America, the project margin had to be adjusted and provisions for impending losses had to be made in the first half of the financial year. This had a negative impact on the operating result (EBIT) in the amount of EUR 32 million. In addition, negative currency effects reduced the EBIT by EUR 6 million.
As a result of these effects, revenues will amount to about EUR 258 million and EBIT to about EUR -58 million in the first half of the 2020/21 financial year. Consequently, the company currently expects a negative EBIT in the higher twodigit area as well as a year-on-year fall of revenues of about 25% for financial year 2020/21.
Further inquiry note: Press Contacts: Carolin Treichl Executive Vice President Marketing & Communications Kapsch TrafficCom AG Am Europlatz 2, 1120 VIENNA, AUSTRIA T +43 50 811 1710 [email protected]
Markus Karner Public Relations Kapsch TrafficCom AG Am Europlatz 2, 1120 VIENNA, AUSTRIA T +43 50 811 1705 [email protected]
Investor Contact: Hans Lang Investor Relations Officer Kapsch TrafficCom AG Am Europlatz 2, 1120 VIENNA, AUSTRIA T +43 50 811 1122 [email protected]
end of announcement euro adhoc --------------------------------------------------------------------------------
| Am Europlatz 2 |
|
|---|---|
| A-1120 Wien | |
| phone: | +43 50811 1122 |
| FAX: | +43 50811 99 1122 |
| mail: | [email protected] |
| WWW: | www.kapschtraffic.com |
| ISIN: | AT000KAPSCH9 |
| indexes: | |
| stockmarkets: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service