EANS-News

Kapsch TrafficCom AG ? Results for the first three quarters of 2018/19. - ATTACHMENT - Seite 2

effects, especially in connection with the South African Rand (EUR -5.3
million). Tax expenses amounted to EUR 9.4 million (previous year: EUR 7.7
million). Profit for the period of Q1-Q3 2018/19 was EUR 21.9 million (previous
year: EUR 22.9 million), which corresponds to earnings per share of EUR 1.77
(previous year: EUR 1.80).

At EUR -32.7 million, the free cash flow was significantly below the previous
year's level of EUR +40.6 million. This was primarily due to higher receivables
and inventories. Due to the negative free cash flow and the payout of dividends
(EUR 19.5 million), net debt increased to EUR 42.9 million (March 31, 2018: net
cash of EUR 16.2 million). This represents a gearing of 18.3%. The equity ratio
remained strong at 37.1% (March 31, 2018: 37.0%).

Zwtl.: Segment Results

In the first nine months of 2018/19, 76.3% of revenues were generated by the ETC
segment and 23.7% by the IMS segment. 60.3% of the revenues were generated in
the region Europe-Middle East-Africa (EMEA), 32.8% in the region Americas (North
America and South America) and 6.9% in the region Asia-Pacific (APAC).


ETC (ElectronicToll
Collection).
Unless
otherwise
stated, Q3 Q3 +/- Q1-Q3 2017/ Q1-Q3 2018/ +/-
all values 2017/18 2018/19 18 19
in EUR
million.
Revenues 126.1 144.8 +14.8% 386.9 406.9 +5.2%
EBIT 9.7 15.5 +59.3% 41.8 40.3 -3.6%
EBIT 7.7% 10.7% +3.0%p 10.8% 9.9% -0.9%p
margin


Kapsch TrafficCom increased its revenues in the ETC segment to EUR 144.8 million
in the third quarter of 2018/19, which is 14.8% greater than over the same
period in the previous year. The EBIT margin reached 10.7% and was three
percentage points above that of the previous year.

In the first three quarters of 2018/19, ETC revenues rose to EUR 406.9 million,
an increase of 5.2% over the same period in the previous year. The company
managed to more than offset a decline in revenue in the EMEA region (-5.9%) by a
rise in revenue in the Americas (+25.4%) and APAC (+46.6%) regions. ETC EBIT was
at EUR 40.3 million and thus EUR 3.6% lower than in the previous year. This
decline was mainly due to the weak results in the opening months of this fiscal
year.

Kapsch TrafficCom sold 10.58 million on-board units during the first nine months
(previous year: 9.73 million).


IMS (Intelligent
Mobility Solutions).
Unless
otherwise
stated, Q3 Q3 +/- Q1-Q3 2017/ Q1-Q3 2018/ +/-
all values 2017/18 2018/19 18 19
in EUR
million.
Revenues 41.0 52.4 +28.0% 120.0 126.1 +5.2%
EBIT 0.3 0.3 -9.3% -6.5 -6.7 -3.4%