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Kapsch TrafficCom AG significantly exceeds its goal in the fiscal year 2015/16 - Seite 2

originally expected. As a result, not only were savings of roughly
EUR 30 million achieved, but the EBIT margin of 11.9 % is also
significantly above the target mark of 10 % despite investments in
the future.

Strategy 2020, which was presented in April 2015, includes an
adaptation and extension of the business model in the direction of
intelligent mobility solutions. Kapsch TrafficCom has accordingly
established three strategic priorities, and made significant progress
already in the fiscal year 2015/16: The "Top Fit" project has
established an outstanding basis for operational excellence. The
newly obtained projects strengthen and secure the core business. In
addition, the rising demand for city solutions has confirmed the
expansion of the offering from the highway into the city - a key
aspect for the establishment of the intelligent mobility solutions
(IMS) business.

Subtitle: Asset, financial and earnings situation

The newly won projects and project expansions made possible a revenue
increase during the fiscal year 2015/16 period of 15.3 % to EUR 526.1
million. The EBIT increased disproportionately by 90.4 % from EUR
32.7 million to EUR 62.3 million, thereby achieving the highest value
in the history of Kapsch TrafficCom. This growth is especially
impressive since the comparison value of the previous year was
significantly elevated due to one-time effects in the segment
Electronic Toll Collection (ETC). The investment in the smart parking
provider Streetline is also included in the current result. The
enormous improvement can primarily be attributed to the successes of
the project "Top Fit". The newly launched projects and the increase
in on-board unit sales also had positive effects. The EBIT margin
increased as a result from 7.2 % to 11.9 %.

The profit for the period of the Kapsch TrafficCom Group increased
from EUR 11.4 million in the previous year to EUR 36.5 million in the
reporting year due to the improvement in the financial result. This
put the earnings per share at EUR 2.39 after EUR 0.28 in the previous
year. Both are absolute record values.

Continuous improvement can also be seen in the balance sheet figures.
The equity ratio increased from 42.5 % to 44.9 %. Cash and cash
equivalents increased to EUR 140.8 million as at the end of the
fiscal year, helping to ensure that the Kapsch TrafficCom Group has
no net debt but rather a net asset of EUR 33.8 million. The capital
employed and the net working capital were below the levels of the
previous year. The free cash flow increased from EUR 68.2 million in