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init innovation in traffic systems SE
Earnings Release • Feb 26, 2019
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Earnings Release
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News Details
Ad-hoc | 26 February 2019 14:34
init innovation in traffic systems SE: Preliminary figures for 2018
init innovation in traffic systems SE / Key word(s): Annual Results
init innovation in traffic systems SE: Preliminary figures for 2018
26-Feb-2019 / 14:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**Revenue target achieved – earnings lag behind forecast
Order income and cash flow above target**
init innovation in traffic systems SE (ISIN DE 0005759807) has achieved the revenue target set for 2018 with EUR 135m (previous year: EUR130.6m), but operating earnings before interest and taxes (EBIT) will fall short of the forecast (EUR 10-12 m). According to preliminary figures, EBIT for the past financial year amounts to EUR 6.3m (previous year: EUR 8.6m). The reasons for this are uniquely necessary, non-cash depreciation on an investment in the US and additional work in the development of new hardware and software in particular in the business area ticketing.
However, this capital expenditure should have a sustained positive effect on the growth of init SE. For the current year, the Managing Board therefore expects a significant increase in revenues and earnings. This is supported by incoming orders, which, at over EUR 160m in 2018, clearly exceed both the forecast (EUR 140-150m) and the previous year’s figure (EUR 139.4m). Cash flow from operating activities also developed very positively, which is expected to have multiplied to more than EUR 10m compared to the previous year (EUR 2.1m).
The final figures, the complete annual report for 2018 and the forecast for financial year 2019 will be presented and explained by the Managing Board at the Annual Press and Analyst Conference on 25 March 2019 in Frankfurt am Main.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
26-Feb-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | init innovation in traffic systems SE |
| Käppelestraße 4-10 | |
| 76131 Karlsruhe | |
| Germany | |
| Phone: | +49 (0)721 6100 0 |
| Fax: | +49 (0)721 6100 399 |
| E-mail: | [email protected] |
| Internet: | www.initse.com |
| ISIN: | DE0005759807 |
| WKN: | 575980 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |