19.11.2015,
8865 Zeichen
Corporate news transmitted by euro adhoc. The issuer/originator
is solely responsible for the content of this announcement.
6-month report
Revenue up slightly, EBIT increased by 56 % despite one-time
effects in the previous year\nNew projects reflect the strategy\nResults demonstrate the success of cost savings\nAdditional orders and tenders expected, next strategic steps
planned\n2015/16 H1: 1 April-30 September 2015 | 2015/16 H1 | +/- % | 2014/15 H1
______________________________________|____________|_______|___________
Revenue (in million EUR) | 245.0 | +3 % | 237.4
EBIT (in million EUR) | 27.4 | +56 % | 17.6
Profit for the period (in million EUR)| 19.2 | >500 %| 0.9
Vienna, 19 November 2015 - Kapsch TrafficCom AG (ISIN
AT000KAPSCH9), listed in the Prime Market of the Vienna Stock
Exchange, achieved both operational and strategic successes in the
first half of the fiscal year 2015/16. The Program 2020, which was
initiated in the previous year, has proven effective; the newly
obtained projects reflect the strategy, and the results of the first
half year confirm that the project "Top Fit" is also contributing to
increased earning power.
During the reporting period, Kapsch TrafficCom Group succeeded in
obtaining important new projects. Foremost among these is the award
for the cross-border tender for the "CHARM" program from the road
authorities of the Netherlands and England. Kapsch TrafficCom will
deliver and install an advanced traffic management system for both
countries that will enable the integration of existing
infrastructure as well as future applications and technologies. With
this system, the Kapsch TrafficCom Group attains a globally
recognized position in traffic management systems (TMS) just as it
already has in the area of electronic toll collection (ETC).
In Belarus, the company received the order for an expansion of
the existing nationwide toll system. In Chile, Kapsch TrafficCom
obtained multiple orders in the first half of the year, and one of
the new toll sections on the famous Panamericana will also be
equipped with an intelligent transportation system (ITS).
The demand for city solutions can be seen in the access system
put into operation in the Italian city of Prato in July as well as
in the order for a traffic management system in the Czech capital
city Prague. Both systems confirm the strategy of expanding the
current core business from highways to include cities as well.
During the first quarter of this year, Kapsch TrafficCom received
its first order for an end-to-end solution in the U.S.A. for the
Ohio River Bridges, thereby gaining recognition as a complete
provider in this market as well. This reference will open up new
potential on the U.S. market.
The existing operation projects supplied a stable revenue
contribution during the reporting period. The system in Poland,
already the largest toll system operated by Kapsch TrafficCom, will
be expanded once again. The sale of on-board units also developed
well during the first half of the year. After delays in the previous
year, a significant upward trend was apparent, and the sales figures
once again reached the high level of two years ago.
Subtitle: Assets, financial and earnings situation
The revenue of EUR 245.0 million was 3.2 % above the previous
year's value of EUR 237.4 million. The EBIT increased from EUR 17.6
million in the comparison period of the previous year by an
impressive 55.9 % to EUR 27.4 million. This improvement is
particularly pleasing since the EBIT was very high in the previous
fiscal year due to one-time effects. In the segment Road Solution
Projects (RSP), the newly obtained projects as well as the initial
successes of the project "Top Fit" with measures for cost reduction
and improved earnings enabled a significant improvement; however,
the segment EBIT was still negative at EUR -9.2 million. In the
segment Services, System Extensions, Components Sales (SEC), the
EBIT was EUR 35.6 million, which is 11.6 % below the previous year's
value. This can be attributed to the one-time effects in the
previous year and the costs of the company Streetline acquired in
April which are contained in this segment. The EBIT margin of the
Kapsch TrafficCom Group reached 11.2 %, which is within the scope of
the targeted profitability.
The profit for the period also increased significantly from EUR
0.9 million in the comparison period of the previous year to EUR
19.2 million. The profit per share, which represents the profit
share of the shareholders, improved from EUR -0.27 to EUR 1.28.
The balance sheet figures show the potential of the Kapsch
TrafficCom Group for future projects and endeavors. The equity ratio
rose to 44.4 %, the net debt was reduced to its lowest level since
2012/13, amounting to EUR -19.1 million after EUR -75.9 million on
the key date of the previous year, 30 September 2014. Cash and cash
equivalents increased to EUR 102.3 million, and the free cash flow
in the first half of the year was EUR 30.3 million, after EUR 25.5
million in the same period of the previous year.
Subtitle: Program 2020 and strategy
The Program 2020, which was initiated in the previous year,
comprises important steps for strengthening the earning power and
enabling future growth in the form of the "Top Fit" project and the
adaptation of the strategy. The strategy presented in April of this
year initially sets three priorities: The first is operational
excellence, the second is the strengthening and securing of the core
business and the third is the establishment of an intelligent
mobility solutions (IMS) business.
In terms of both projects and results, the developments in the
first half of the 2015/16 fiscal year confirm that Kapsch TrafficCom
is on the right path. In addition, the executive board of Kapsch
TrafficCom AG has been reinforced since November 2015 by Dr.-Ing.
Alexander Lewald as Chief Technology Officer (CTO). He brings with
him considerable technical expertise, including in the IMS area.
Subtitle: Outlook
In the second half of the current fiscal year, the Kapsch
TrafficCom Group will pursue the concerted development of existing
and newly acquired projects. The system expansions in Belarus and
Poland will make an important contribution to revenue and profit. In
addition, the company expects additional invitations to tender and
decisions on the awarding of orders. An emphasis will be placed on
the continued implementation of the strategy, with associated
organizational adjustments and specific next steps. The cost savings
of the project "Top Fit" will be fully apparent by the end of the
fiscal year.
On the basis of the promising results for the first half of the
year, the management anticipates that the Kapsch TrafficCom Group
will achieve an EBIT margin of 10 % in the core business, as
expected, assuming a stable revenue level over the current fiscal
year. This allows sufficient leeway for additional investments in
the future, such as the development of the smart parking business
with Streetline.
Subtitle: Announcement
The report on the first half of the 2015/16 fiscal year can be
downloaded from
http://www.kapsch.net/ktc/investor_relations/reports...
rly-reports/ 2015-16/KTC_IR_Report_FY16-H1?lang=en-US.
Kapsch TrafficCom is a provider of intelligent transportation
systems (ITS) in the segments of toll collection, city access
control and parking space management, traffic management, traffic
monitoring, utility vehicle monitoring, electronic vehicle
registration and V2X cooperative systems. The end-to-end solutions
of Kapsch TrafficCom cover the entire value creation chain of its
customers, from components and design to the installation and
operation of systems, all from a single source. The core business
comprises the development, installation and operation of electronic
toll collection and traffic management systems.
Reference projects in 44 countries on all continents have made
Kapsch TrafficCom a globally recognized ITS provider. As part of the
Kapsch Group, an Austrian family-owned technology group founded in
1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has
subsidiaries and branches in 33 countries. It has also been listed
since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues
of EUR 456 million in the 2014/15 fiscal year with over 3,500
employees.
For more information: www.kapsch.net and www.kapschtraffic.com.
Follow us on Twitter at twitter.com/kapschnet.
end of announcement euro adhoc
company: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/411/aom
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Kapsch TrafficCom
Akt. Indikation: 7.94 / 8.22
Uhrzeit: 09:09:26
Veränderung zu letztem SK: -0.25%
Letzter SK: 8.10 ( -2.41%)
Bildnachweis
1.
Ulrike Klemm-Pöttinger, Kapsch TrafficCom, im Panel „Enforcement – aktuelle Erkenntnisse“
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