EANS-News
Kapsch TrafficCom AG ? Results for the first three quarters of 2018/19. - ATTACHMENT
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Quarterly Report
Vienna - Highlights.
* Record revenues in the third quarter
* Both segments with increased revenues in Q3, positive EBIT development
* However, better results were prevented by a write-down in the amount of EUR
4.0 million
* At the beginning of the fiscal year, deferments in existing projects led to a
decline in revenues and EBIT
* After nine months: revenues 5.2% above the same period in the previous year,
EBIT 4.9% below the same period in the previous year
* Outlook for the fiscal year: revenues above and EBIT at the previous year's
level
"The third quarter of 2018/19 was very successful for Kapsch TrafficCom. We
recorded the highest quarterly revenues in the history of the Group and were
able to greatly increase profitability at the same time. New major orders in
Germany, dynamic developments in US business and a new contract in Poland are
only a few selected highlights", according to Georg Kapsch, the CEO of Kapsch
TrafficCom.
Unless
otherwise
stated, Q3 Q3 +/- Q1-Q3 2017/ Q1-Q3 2018/ +/-
all values 2017/18 2018/19 18 19
in EUR
million
Revenues 167.1 197.2 +18.1% 506.9 533.1 +5.2%
EBIT 10.0 15.8 +57.1% 35.3 33.6 -4.9%
EBIT 6.0% 8.0% +2.0%p 7.0% 6.3% -0.7%p
margin
Profit for 8.9 13.5 +52.5% 22.9 21.9 -4.5%
the period
Earnings
per share 0.70 1.07 +52.9% 1.80 1.77 -1.9%
(EUR)
Vienna, February 21, 2019 - A very strong third quarter largely helped Kapsch
TrafficCom make up for the disappointing results at the beginning of the fiscal
year. The company generated revenues of EUR 533.1 million in the first three
quarters of 2018/19 (+5.2% over the same period in the previous year). EBIT was
EUR 33.6 million (-4.9%). After the first half of the year, EBIT was still 29.5%
below that of the previous year. However, the write-down of a tax asset in
Brazil in the amount of EUR 4.0 million prevented an even better outcome. The
EBIT margin was 6.3% (previous year: 7.0%).
The financial results in the first three quarters of 2018/19 amounted to EUR -
2.3 million and improved by EUR 1.8 million over the previous year. A positive
one-off effect from the sale of the minority interest in the US company
ParkJockey (EUR 5.1 million) was neutralized by negative foreign currency
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