init increases consolidated net profit by 32 per cent 

• The Managing Board proposes to raise dividend to EUR 0.55 (previous year: EUR 0.40)
• Digitalisation in public transport is driving growth
• Innovations open up new areas of application

Karlsruhe, 25 March 2021

init innovation in traffic systems SE (ISIN DE 0005759807) once again presented a successful result at today’s annual press and analyst conference. Despite the coronavirus adversities encountered in 2020, the leading international digitalisation specialist for public transport comfortably accomplished its growth targets for revenues and earnings, and in some cases set new records. Particularly gratifying for init shareholders: earnings per share improved from EUR 1.13 to EUR 1.50. This was due to the 32 percent increase in consolidated net profit to EUR 14.9m. The init share gained a total of 46 per cent in value in 2020. Just recently, the share price reached a historical high of EUR 41.20.

In addition, the higher dividend is intended to allow shareholders to share in the company’s success. The Managing Board and the Supervisory Board propose to the Annual General Meeting to raise the dividend to EUR 0.55 (previous year: EUR 0.40).

The Managing Board considered it particularly pleasing that even in the corona crisis year, the company succeeded in increasing revenues by more than 15 per cent to a new record of EUR 180.7m (previous year: EUR 156.5m), thus meeting its long-term growth target. The increase in operating earnings (EBIT) of around 21 per cent to EUR 19.6m (previous year: EUR 16.2m) was even stronger. The EBIT margin thus rose further to 10.9 per cent (previous year: 10.4 per cent).

“We are extremely satisfied with these results, especially considering that our customers, the public transport companies, were hit hard by the lockdowns, at times sustaining a massive drop in passenger numbers and thus their revenues. The init family was also affected by the restrictions. However, compared with other companies, we were able to continue working efficiently. Our employees demonstrated exemplary commitment and great determination, and we mastered many new challenges. We also thanked them by paying a bonus”, sums up the init Managing Board.

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