IVU Traffic Technologies AG — Earnings Release 2004

Aug 20, 2004

News Details

Ad-hoc | 20 August 2004 07:30

IVU Traffic Technologies AG – Semi-annual figures for fiscal 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– IVU Traffic Technologies AG – Semi-annual figures for fiscal 2004 Revenues down in comparison with 2003 Costs considerably reduced Numerous new customers in first quarter for IVU systems In the first six months of the current financial year, IVU Traffic Technologies AG has generated revenues of some EUR 7.7 million, about 19 percent down on the same period in the previous year. However, the results for 2003 included an interim payment for a major project which alone amounted to EUR 1.3 million. Without this payment the revenues were comparable in both quarters. The costs of IVU were considerably lower in a year-on-year comparison: personnel costs alone were down EUR 2.6 million or 24 percent for Q1 and Q2 2004 on the figures for 2003. As a result of this, the EBIT improved by 44 percent to EUR (2.6) million, and the consolidated losses by 40 percent to EUR (2.9) million. The first quarter figures do not yet provide a basis for predictions about the overall performance for the financial year, because IVU traditionally generate up to half our revenue in the last quarter. In the first six months IVU has generated about 26 percent of the for 2004 expected revenues. “I am optimistic that we will reach our goals this year – operating in the black again regarding EBTDA”, assured Prof. Dr. Ernst Denert, the Chairman of the Management Board of IVU.” This is due to the many opportunities that the market currently provides us with. “In addition figures for the first six months show that IVU’s restructuring measures introduced a year ago have begun to take effect.” IVU has no longer activated performances in first six months 2004 from the development of software, in contrast to 2003, when more than EUR 0.5 million was activated. In past years, there were high-levels of activated performances, in particular for the development of the software platform for public transport. But these investments are beginning to pay off, and the systems are successful on the market. However, the sums left to be written off are still impacting on the results. IVU is the only system developer currently able to offer its customers an IT platform of software and hardware solutions for all public transport requirements. IVU’s systems are used by more than 300 transport utilities world-wide. Once again in the first quarter, IVU was able to win numerous new customers. MICROBUS now has some 200 users, making it the most successful public transport planning and management system in Europe. It is increasingly establishing itself as the benchmark product for these applications. Some weeks ago IVU reported that Potsdam is the 200th customer to choose MICROBUS. During the first six months of 2004 alone, IVU managed to attract public transport companies as new customers for MICROBUS – in Athens (Olympia Light Rail), Savona and Imperia in Italy, Grenoble in France, Chemnitz, Eisenhüttenstadt, Frankfurt an der Oder and Fürstenwalde in Germany as well as the large transportation group Rhenus Keolis. In addition, Stockholm-based Citypendeln has become the third railway company to choose MB-rail, the enhanced MICROBUS version that is tailored to the specific needs of rail service. You can read the full text of the Q1 2004 report at http://www.ivu.de . IVU Traffic Technologies AG is a leading supplier of IT systems for planning, operating and optimising transport and logistics processes. Over 25 years of experience developing hardware and software systems for more than 300 public transport companies has also made IVU the market leader for IT solutions in other segments: monitor-ing truck fleets, setting up retail networks in geo-marketing, election processing. This is IVU’s approach to trans-portation and beyond. Contact: Gerd Henghuber Head of Corporate Communications IVU Traffic Technologies AG Bundesallee 88, 12161 Berlin Tel. +49.30.85906-800 Fax +49.30.85906-111 E-Mail: gerd.henghuber@ivu.de Internet: http://www.ivu.de end of ad-hoc-announcement (c)DGAP 20.08.2004 ——————————————————————————– WKN: 744850; ISIN: DE0007448508; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 200730 Aug 04