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Kapsch TrafficCom AG — Earnings Release 2021
Oct 2, 2020
747_iss_2020-10-02_a422313f-d062-46c9-a823-ec52ae425180.pdf
Earnings Release
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Publication Date: 02.10.2020 12:48 EANS-Adhoc: Kapsch TrafficCom / revised outlook, no dividend for 2020/21.
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.
Earnings Forecast 02.10.2020
Vienna - Based on initial indications for the second quarter the company expects no improvement of the revenue and earnings situation compared to the first quarter of financial year 2020/21.
Consequently, the operating result (EBIT) of the financial year will likely be clearly negative. A negative two-digit million value is expected. An important reason for this is COVID-19: Revenues in the profitable components business strongly suffer from decreased traffic volumes. In addition - in spite of some pleasing project wins - there are more delays in tender processes and the award of contracts. Catch-up effects in a relevant scale are expected not before the next financial year. Possible impairments of non-current assets cannot be ruled out for financial year 2020/21.
For the annual revenues, precise forecasts are also still difficult. Currently the company assumes a decline of 15 to 20%.
As a result of the expected clearly negative results, the current dividend policy is being suspended until further notice. No dividend shall be expected 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
| issuer: | Kapsch TrafficCom AG |
|---|---|
| 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