IVU Traffic Technologies AG — Earnings Release 2001

May 15, 2001

News Details

Ad-hoc | 15 May 2001 07:31

Ad hoc-Service: IVU Traffic Technologies english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– IVU Traffic Technologies AG (WKN 744 850) was able to continue its positive development for 1st Quarter 2001. Revenues rose by 55 percent compared to the same time period 2000, from DM 3.5 million to DM 5.4 million. In 2000 revenues for the 1st quarter contributed 10.2 percent to total revenues for the year. First quarter revenues 2001 contributed 9.6 percent to the targeted revenue goal of DM 56 million for the year. Business segment Public Transport contributed 60.3 percent (DM 3.3 million), Information Logistics 26.3 percent (DM 1.4 million) and Transport Logistics 13.4 percent (DM 0.7 million) to revenues for 1st quarter 2001. Orders received up to March 31st, 2001 amounted to DM 11.0 million. Orders on hand increased by 49 percent to DM 27.8 million during the same time frame. The expected seasonal nature of our business, and the over-proportional increase in personnel costs necessary for supporting our enhanced product portfolio and our global expansion, led to a significant decrease in our earnings before interest, taxes, depreciation and amortization. Accordingly, EBIT decreased from DM -2.0 million during 1st quarter 2000 to DM -4.7 million on March 31st, 2001. Net loss grew from DM 2.0 million to DM 3.8 million during the same reporting period. Based on the increase of work in progress and the high number of orders on hand, the executive board is confident that the planned EBIT of at least DM 9.0 million will be reached for business year 2001. As of May 17th, the detailed quarterly report is available for downloading under www.ivu.de. For further information, please contact: IVU Traffic Technologies AG, Investor Relations Peter Nietzold Tel: +49.30.859 06-277, Fax: +49.30.859 06-111 Internet: www.ivu.de, e-mail : ir@ivu.de end of ad hoc announcement (c) DGAP 15.05.2001 ——————————————————————————– WKN: 744850; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 150731 Mai 01