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Kapsch TrafficCom AG: Strong growth in the first quarter of 2016/17

Published: August 24, 2016; 07:20 · (Vindobona)

Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, continued the positive developments of the previous fiscal year in the first quarter of fiscal year 2016/17. Quarterly revenues increased over the comparison period of the previous year by EUR 35.2 million (+30%) to EUR 152.3 million.

Kapsch TrafficCom AG: Strong growth in the first quarter of 2016/17 / Picture: © Vindobona

 

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quarterly report

Highlights: *Revenue increase of 30% compared with the 1st quarter of the
previous year. *EBIT grew by 38%; EBIT margin increased to 11.6%.
*Consolidation of the transportation division acquired from Schneider Electric.
*The Kapsch TrafficCom Group has a net credit despite acquisitions. *New
projects obtained and solid new business pipeline.

Georg Kapsch, CEO of Kapsch TrafficCom: "I am pleased that we have been able to
continue the positive dynamic of the previous year into the first quarter. The
increasing importance of our young Intelligent Mobility Solutions segment
proves that we are on the right path in the implementation of our Strategy
2020."

____________________________________________________________________________
|Unless otherwise| 2016/17 Q1 | +/- | 2015/16 Q1 |
|specified, | | | |
|all values in | | | |
|million_EUR_____|___________________|___________________|___________________|
|Revenue_________|______________152.3|_______________+30%|______________117.1|
|EBIT____________|_______________17.6|_______________+38%|_______________12.8|
|Profit for the | 12.4| +8%| 11.5|
|period__________|___________________|___________________|___________________|
|Profit for the | 12.7| +30%| 9.8|
|period | | | |
|attributable to | | | |
|equity_holders__|___________________|___________________|___________________|

 

Vienna, 24 August 2016 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in
the Prime Market of the Vienna Stock Exchange, continued the positive
developments of the previous fiscal year in the first quarter of fiscal year
2016/17. Quarterly revenues increased over the comparison period of the
previous year by EUR 35.2 million (+30%) to EUR 152.3 million. The toll
business covered by the segment "Electronic Toll Collection" generated roughly
three-quarters of the Group's revenues. The remainder came from the segment
"Intelligent Mobility Solutions".

The operating result (EBIT) increased by EUR 4.8 million (+38%) to EUR 17.6
million. The profit for the period grew by EUR 0.9 million (+8%) to EUR 12.4
million, and the comparison value of the previous year included a positive one-
time effect in the financial result. Due to the significantly increased pretax
result, the income tax expenses also increased this year. Due to the
acquisition of the still non-controlling interest of 48% of the Czech company
Kapsch Telematic Services spol. s r.o., the profit for the period attributable
to equity holders increased by 30%.

The results were significantly impacted by the initial consolidation of Kapsch
TrafficCom Transportation ("KTT"), the global transportation division of
Schneider Electric acquired on 1 April 2016. The total revenue of the group
increased by EUR 24.9 million as a result. The revenue contribution from KTT
for the entire year is expected to be roughly EUR 125 million - primarily in
the segment "Intelligent Mobility Solutions". However, the integration costs as
well as the profitability of KTT, which must still be improved, will weigh down
the results of the Kapsch TrafficCom Group.

For optimization of the financing structure and refinancing of the bonds due in
November 2017 (EUR 70.8 million are outstanding), Kapsch TrafficCom obtained
for the first time a borrower's note loan in the amount of EUR 62 million plus
USD 14.5 million during the first quarter. The interest on this loan is
partially fixed and partially variable, and it encompasses three tranches for
periods of five, seven and ten years.

One disadvantage of this transaction for the equity ratio is its effect of
extending the balance sheet because of the temporary investment of the obtained
funds. Because the equity was also burdened by the acquisition of 48% of the
Czech company Kapsch Telematic Services, the equity ratio has declined to 35%.
Despite the purchase price payments for KTT and Kapsch Telematic Services,
Kapsch TrafficCom had a net credit at the end of the quarter of EUR 15.2
million.

In terms of new orders, Kapsch TrafficCom can report on additional successes in
the first three months of the current fiscal year. For instance, the company
obtained an order for what is now the fifth project in the Australian state of
Queensland. This includes both the delivery and operation of a toll system and
has been concluded for ten years. In the U.S.A., Kapsch TrafficCom received an
order for the modernization of the integrated transportation management systems
in the Highway Operations Center of the Massachusetts Department of
Transportation. North America certainly represents the most important growth
market for Kapsch TrafficCom. In addition to several larger projects, an
increasing volume of smaller projects is expected here.

The first quarter 2016/17 report can be downloaded from:
http://kapsch.net/ktc/investor_relations/reports

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in
the segments of toll collection, city access control and parking space
management, traffic management, traffic monitoring, utility vehicle monitoring,
electronic vehicle registration and V2X cooperative systems. The end-to-end
solutions of Kapsch TrafficCom cover the entire value creation chain of its
customers, from components and design to the installation and operation of
systems, all from a single source. The core business comprises the development,
installation and operation of electronic toll collection and traffic management
systems. Reference projects in more than 50 countries on all continents have
made Kapsch TrafficCom a globally recognized ITS provider. As part of the
Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch
TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and
branches in 33 countries. It has also been listed since 2007 on the Vienna
Stock Exchange (KTCG) and earned revenues of EUR 526 million in the 2015/16
fiscal year. The company employs over 4,600 employees worldwide.

For more information: www.kapsch.net/ktc. Follow us on Twitter at
twitter.com/kapschnet

Further inquiry note:
Press contact:
Dr. Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Tel.: +43 50 811 1705
E-mail: ingrid.lawicka@kapsch.net
Investor contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Tel.: +43 50 811 1122
E-mail: ir.kapschtraffic@kapsch.net
end of announcement euro adhoc

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company: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/411/aom

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