Financial Reports

• Revenue grows by 8.3 per cent to EUR 191.3m (2021: EUR 176.7m)
• Operating result reaches EUR 21m
• Consolidated net profit and earnings per share up by 33 per cent
• Incoming orders jump by almost 20 per cent to EUR 214.1m

Karlsruhe, 30 March 2023

init innovation in traffic systems SE (ISIN DE 0005759807) has overcome the crises of 2022 and is forecasting double-digit growth in 2023. This is the conclusion of the annual report presented today at the annual press and analysts’ conference hosted by the world’s leading digitalisation specialist for buses and trains. According to the report, revenue rose by 8.3 per cent in 2022 to set a new record of EUR 191.3m (2021: EUR 176.7m). Of particular note is the fact that earnings before interest and tax (EBIT) increased by 19 per cent to EUR 21m (2021: EUR 17.6m), another record, despite price rises on procurements markets and supply chain problems. Growth in the next financial year is forecast to be 10 to 15 per cent, which is also in line with the company's long-term objective.

Consolidated net profit and earnings per share rise by 33 per cent

Even though the group did not quite meet its sustainable strategic growth target for revenue in 2022 due to adverse conditions in the wider environment, the Managing Board is nevertheless satisfied with overall performance. In addition to the increase in the EBIT margin to 11.0 per cent (previous year: 9.9 per cent), the consolidated net profit displayed a very pleasing trend: at EUR 16.5m (previous year: EUR 12.4m) income has risen by 33.1 per cent on the previous year. Earnings per share therefore amount to EUR 1.66 (previous year: EUR 1.25).

Record volume of incoming orders

The signs for the coming year and the future point towards another record: with new orders on the books of EUR 70m in the fourth quarter of 2022, incoming orders for the full year grew to EUR 214.1m. This represents another rise of 20 per cent on the last record set in 2021 (EUR 179.2m).