Financial Reports

Revenue rises to EUR 81.4m in the first half year (previous year: EUR 77.1m)

Cash flow from operating activities almost doubled to EUR 13.8m (previous year: EUR 7.3m)

Karlsruhe, 5 August 2020.

After the first six months of the 2020 financial year, init innovation in traffic systems SE (ISIN DE 0005759807) is well on the way to achieving the growth targets set for the year as a whole. "The financial figures meet our expectations. We therefore confirm our existing forecast. We continue to see the revenue target for the 2020 financial year at around EUR 180m and operating earnings before interest and taxes (EBIT) at EUR 18m to 20m," says the Managing Board according to the interim figures for the first half of the year.

In the second quarter of 2020 the digitisation specialist in public transport posted revenues of EUR 41.1m (Q2 2019: EUR 41.7m). Revenues in the init group within the first six months of 2020 thus rose to EUR 81.4m. This is an increase of 6 percent compared to the previous year (EUR 77.1m). It should be noted that the distribution of revenues within the init group is uneven over the quarters and that the second half of the financial year is traditionally the stronger one.

EBIT for the first half of the year of EUR 6.2m is in line with the planning despite the decline compared to the first half of 2019 (EUR 8.1m). The first half of the previous year was characterised by a high level of follow-up delivery business with average strong margins.

The complete quarterly statement will be available from 11 August 2020 on this site.