Ad hoc release in compliance with § 15 WpHG
Karlsruhe, 2 May 2012.
init innovation in traffic systems AG has started the 2012 financial year with growth in revenue and profits. According to the preliminary figures now available, the global system house for telematics, planning and electronic payment systems generated income of EUR 19.6m in the first quarter. This corresponds to growth of over 40 per cent compared to the previous year (EUR 14.0m) and therefore clearly exceeds planning.
Earnings before interest and taxes (EBIT) also increased to EUR 2.8m (previous year: EUR 2.6m). It should be taken into account in a year-on-year comparison that in the first quarter of 2011 the partial release of risk provisions for Dubai influenced the result as a special effect.
The group result after taxes increased over 20 per cent to EUR 1.8m in the first quarter of 2012 (previous year EUR 1.5m). This corresponds to a profit per share of EUR 0.20 (previous year: EUR 0.15). Operational cash flow was also positive once again in the first quarter at EUR 4.4m (previous year: EUR 8.9m). This means the liquid funds, including securities saleable in the short term, increased in the reporting period to EUR 27.5m (end of 2011: EUR 23.7m).
After this dynamic start, init sees itself well equipped to be able to achieve the growth targets of EUR 95m set for the entire year of 2012 with an EBIT of EUR 19m. Together with the current orders on hand of EUR 124m, more than 90 per cent of the turnover expected for 2012 is covered.
init is currently involved in numerous public tenders in Germany and abroad. Many of these tenders will be decided in the next few months, so we can expect additional high volumes of new orders in terms of amount in 2012.
The detailed report on the first quarter of the financial year will be published on 10 May 2012.
