init innovation in traffic systems SE

Earnings Release • Jul 31, 2013

News Details

Ad-hoc | 31 July 2013 12:57

init innovation in traffic systems AG: 2013 revenues and earnings target remains achievable after a subdued first

init innovation in traffic systems AG / Key word(s): Quarter Results/Quarter Results

31.07.2013 12:57

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The Managing Board of init innovation in traffic
systems AG is confident that the revenues and earnings target for 2013
(revenues of EUR 105m, EBIT of EUR 18m) remains achievable based on
preliminary figures now available for the first half of the year. Although
second-quarter revenues and earnings were below expectations, a number of
major projects will enter the rollout phase in the third and fourth
quarters, with corresponding revenues being generated through production,
delivery and installation of hardware.

Growth in incoming orders remained positive, advancing to EUR 36.3m (2012:
EUR 29.0m). Order backlog now stands at EUR 180m; a year-on-year increase
of 56 per cent. init has posted half-year earnings of EUR 37.1m (previous
year: EUR 42.1m), and gross profit of EUR 14.1m (previous year: EUR 14.5m)
was able to boost the gross margin by more than 3 per cent. Operating
earnings before interest and tax (EBIT) fell to EUR 4.2m due to lower
revenues of EUR 7.6m. Net profit after tax is EUR 2.8m (previous year: EUR
5.0m), bringing earnings per share to EUR 0.29 (previous year: EUR 0.52).

The full interim report for the first half of 2013 will be published on 8
August 2013.

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Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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