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    EANS-Adhoc  400  0 Kommentare Kapsch TrafficCom AG / Kapsch TrafficCom result with one-time effects in the first half of fiscal year 2014/15

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    ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
    distribution. The issuer is solely responsible for the content of this
    announcement.
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    Capital measures/Company Information
    22.10.2014

    - Impairments and release of provisions - EBIT and result for the
    period expected significantly above same period of the previous
    fiscal year

    Vienna, 22 October 2014. Kapsch TrafficCom AG (ISIN AT000KAPSCH9)
    listed on the Vienna Stock Exchange in the prime market segment,
    reports that the executive board decided to recognize an impairment
    of the shares in Q-Free ASA, to record a partial impairment of
    goodwill in the cash-generating unit "Road Solution Projects,
    Electronic Toll Collection" and to release a provision for losses
    from pending transactions and rework. After full consideration of
    these not cash- relevant one-time effects, the EBIT based on the
    preliminary state of knowledge will significantly increase in the
    first half of fiscal year 2014/15 compared to the same period of the
    previous fiscal year.

    Release of provision for losses from pending transactions and rework
    Positive for the result will be that an existing provision in the
    amount of EUR 16.2m has to be reversed as of 30 September 2014 due to
    a change in circumstances.

    Impairment of goodwill The adverse market development of the
    preceding months required an impairment. The impairment test, in
    accordance with IAS 36, will result in impairment of goodwill in the
    cash-generating unit "Road Solution Projects, Electronic Toll
    Collection" in the amount of EUR 12.3m to be recognized in the result
    of the period in the half-year financial statements as of 30
    September 2014.

    Impairment Q-Free ASA As of 30 September 2014 Kapsch TrafficCom Group
    holds 19.70% in the listed company Q-Free ASA, Trondheim, Norway.
    This investment is classified as "available for sale" in accordance
    with IAS 39. As the unfavorable development of the share price
    continued through the second quarter of fiscal year 2014/15,
    impairment in the amount of EUR 12.2m has to be recognized in the
    result for the period in the half-year financial statements as of 30
    September 2014. This amount consists of net losses from prior period
    price fluctuations of EUR 10.6m that have previously been recognized
    through other comprehensive income in equity and a further price loss
    of EUR 1.6m incurred in the second quarter of fiscal year 2014/15.

    Outlook on the half-year result After full consideration of these not
    cash-relevant one-time effects, the EBIT based on the preliminary
    state of knowledge will significantly increase in the first half of
    fiscal year 2014/15 compared to the same period of the previous
    fiscal year. The negative one time effect from the impairment of
    goodwill will be overcompensated. Despite the negative financial
    result due to the impairment of Q-Fee ASA, the result for the period
    will also be positive und improve significantly compared to the same
    period of the last fiscal year.

    To shorten the period till the publication of the result for the
    first half of fiscal year 2014/15 (1 April 2014 to 30 September 2014)
    the release of the report on the first half of fiscal year 2014/15
    will be brought forward from 26 November to 20 November 2014 at 7:30
    am.

    Additional information:

    Marcus Handl
    Investor Relations Officer
    Kapsch TrafficCom AG
    Am Europlatz 2, 1120 Vienna, Austria
    Phone +43 50 811 1120
    E-Mail ir.kapschtraffic@kapsch.net

    Further inquiry note:
    Mag. Marcus Handl

    Investor Relations Officer

    Kapsch TrafficCom AG

    Am Europlatz 2

    1120 Wien, Österreich

    Tel.: +43 50.811 1120

    E-Mail: {ir.kapschtraffic@kapsch.net}

    [HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]

    end of announcement euro adhoc
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    issuer: 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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    EANS-Adhoc Kapsch TrafficCom AG / Kapsch TrafficCom result with one-time effects in the first half of fiscal year 2014/15 - ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. - Capital measures/Company Information 22.10.2014 - Impairments and release of …