24.08.2016, 6899 Zeichen

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
quarterly report
Highlights: *Revenue increase of 30% compared with the 1st quarter of the previous year. *EBIT grew by 38%; EBIT margin increased to 11.6%. *Consolidation of the transportation division acquired from Schneider Electric. *The Kapsch TrafficCom Group has a net credit despite acquisitions. *New projects obtained and solid new business pipeline.
Georg Kapsch, CEO of Kapsch TrafficCom: "I am pleased that we have been able to continue the positive dynamic of the previous year into the first quarter. The increasing importance of our young Intelligent Mobility Solutions segment proves that we are on the right path in the implementation of our Strategy 2020."
____________________________________________________________________________ |Unless otherwise| 2016/17 Q1 | +/- | 2015/16 Q1 | |specified, | | | | |all values in | | | | |million_EUR_____|___________________|___________________|___________________| |Revenue_________|______________152.3|_______________+30%|______________117.1| |EBIT____________|_______________17.6|_______________+38%|_______________12.8| |Profit for the | 12.4| +8%| 11.5| |period__________|___________________|___________________|___________________| |Profit for the | 12.7| +30%| 9.8| |period | | | | |attributable to | | | | |equity_holders__|___________________|___________________|___________________|

Vienna, 24 August 2016 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, continued the positive developments of the previous fiscal year in the first quarter of fiscal year 2016/17. Quarterly revenues increased over the comparison period of the previous year by EUR 35.2 million (+30%) to EUR 152.3 million. The toll business covered by the segment "Electronic Toll Collection" generated roughly three-quarters of the Group's revenues. The remainder came from the segment "Intelligent Mobility Solutions".
The operating result (EBIT) increased by EUR 4.8 million (+38%) to EUR 17.6 million. The profit for the period grew by EUR 0.9 million (+8%) to EUR 12.4 million, and the comparison value of the previous year included a positive one- time effect in the financial result. Due to the significantly increased pretax result, the income tax expenses also increased this year. Due to the acquisition of the still non-controlling interest of 48% of the Czech company Kapsch Telematic Services spol. s r.o., the profit for the period attributable to equity holders increased by 30%.
The results were significantly impacted by the initial consolidation of Kapsch TrafficCom Transportation ("KTT"), the global transportation division of Schneider Electric acquired on 1 April 2016. The total revenue of the group increased by EUR 24.9 million as a result. The revenue contribution from KTT for the entire year is expected to be roughly EUR 125 million - primarily in the segment "Intelligent Mobility Solutions". However, the integration costs as well as the profitability of KTT, which must still be improved, will weigh down the results of the Kapsch TrafficCom Group.
For optimization of the financing structure and refinancing of the bonds due in November 2017 (EUR 70.8 million are outstanding), Kapsch TrafficCom obtained for the first time a borrower's note loan in the amount of EUR 62 million plus USD 14.5 million during the first quarter. The interest on this loan is partially fixed and partially variable, and it encompasses three tranches for periods of five, seven and ten years.
One disadvantage of this transaction for the equity ratio is its effect of extending the balance sheet because of the temporary investment of the obtained funds. Because the equity was also burdened by the acquisition of 48% of the Czech company Kapsch Telematic Services, the equity ratio has declined to 35%. Despite the purchase price payments for KTT and Kapsch Telematic Services, Kapsch TrafficCom had a net credit at the end of the quarter of EUR 15.2 million.
In terms of new orders, Kapsch TrafficCom can report on additional successes in the first three months of the current fiscal year. For instance, the company obtained an order for what is now the fifth project in the Australian state of Queensland. This includes both the delivery and operation of a toll system and has been concluded for ten years. In the U.S.A., Kapsch TrafficCom received an order for the modernization of the integrated transportation management systems in the Highway Operations Center of the Massachusetts Department of Transportation. North America certainly represents the most important growth market for Kapsch TrafficCom. In addition to several larger projects, an increasing volume of smaller projects is expected here.
The first quarter 2016/17 report can be downloaded from: http://kapsch.net/ktc/investor_relations/reports
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 more than 50 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 526 million in the 2015/16 fiscal year. The company employs over 4,600 employees worldwide.
For more information: www.kapsch.net/ktc. 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

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1. Georg Kapsch (CEO Kapsch AG), Alexa Wesner (US-Botschafterin) : US-Botschafterin Wesner besucht Kapsch AG : Fotocredit: Kapsch AG/APA-Fotoservice/Hörmandinger , (© Aussender)   >> Öffnen auf photaq.com

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