Financial Reports

On the following pages we provide init’s annual reports and quarterly statements of init SE in PDF format.

Key figures

The most important key figures in comparison

	2021	2020	2019	2018	2017	2016
Revenues (EUR million)	176.7	180.7	156.5	135.7	130.6	108.6
EBIT (EUR million)	17.6	19.6	16.2	6.4	8.6	11.7
Consolidated net profit (EUR million)	12.4	14.9	11.3	2.4	3.6	8.6
Earnings per share (EUR)	1.25	1.50	1.13	0.24	0.37	0.86
Dividend (EUR)	0.55	0.55	0.40	0.12	0.22	0.22
Employees	1,055	1,009	866	796	737	702

Financial Year 2022

2022 init growth targets still achievable

Second quarter revenue up despite global materials shortage
Incoming orders and order backlog significantly higher in the first half year
Growth expected to accelerate in the mid term
Investments in integrated system solutions increased significantly

Karlsruhe, 3 August 2022

According to preliminary figures for the first six months of 2022, init innovation in traffic systems SE (ISIN DE 0005759807) is well on its way to achieving the targets set for the full year. Although global disruptions to sourcing and supply chains also presented the digital transformation specialist for the bus and train sector with new challenges, slightly higher revenue was generated in the second quarter of 2022 than in the same period of the previous year (EUR 45.1m; Q2 2021: EUR 44.2m). Total revenue in the first half of 2022 therefore reached EUR 80.7m (H1 2021: EUR 84.7m) and was in line with planning. This also applies to earnings before interest and taxes (EBIT) which increased in the second quarter despite a rise in the cost of materials and personnel expenses. However, at EUR 2.9m, it was well down on the first half of 2021 (EUR 8.3m), as anticipated.

In light of growing risks, init Managing Board cautiously optimistic for the second half of the year

In its outlook for the second half of 2022, the Managing Board is cautiously optimistic in light of growing risks to the global economy. “We currently assume that our original planned forecast, which details revenue of between EUR 190 and 200m and EBIT of between EUR 15 and 20m, is still achievable. However, should the situation deteriorate due to the crisis and, in particular, the shortage of materials, our company will not be left completely unscathed”, states the init Managing Board.