EANS-News
Kapsch TrafficCom ? Results for the first half of 2019/20
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Mid Year Results
Vienna - Highlights.
* Revenue continues to grow in both segments.
* The Americas region is growing very dynamically.
* Investments in growth (cost of materials and personnel expenses) are having a
negative impact on profitability.
* EBIT includes one-off effects in connection with the termination of the German
infrastructure charge and the toll project in the Czech Republic.
"As in past financial years, we must also describe the first half of this year
as mixed. While revenues were thoroughly positive, profitability was
disappointing. If we take a closer look, there are good reasons for the decline
in profits, so I am not worried at all, although I am not satisfied either,"
says Georg Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise
stated, all values H1 2018/19 H1 2019/20 +/-
in EUR million
Revenues 335.8 359.2 +7.0%
EBIT 17.8 8.8 -50.6%
EBIT margin 5.3% 2.4% -2.9%
Profit for the 8.4 2.3 -72.1%
period
Earnings per share 0.70 0.18 -74.8%
(EUR)
Vienna, November 20, 2019 - The final earnings for the first half of the 2019/20
financial year published today by Kapsch TrafficCom hardly deviate from the
anticipated revenues and operating result (EBIT) announced on October 14, 2019.
We were able to continue positive revenue development: Revenues rose by 7.0% to
EUR 359.2 million relative to the comparable period in the previous year, with
both segments contributing towards this positive development. It was the
Americas region (North, Central, and South America) that drove growth with
+27.5%. EMEA revenue (Europe, Middle East, Africa) remained constant (+0.1%). In
the smallest sales region, APAC (Asia-Pacific), revenue declined by 29.6%. Some
implementation projects came to an end, and there were delays in the acceptance
of components by customers.
EBIT amounted to EUR 8.8 million (-50.6%), which corresponds to an EBIT margin
of 2.4% (previous year: 5.3%). However, one-off effects must be taken into
account here:
* In connection with the German infrastructure charge:
Due to early termination the company had to write off contract initiation
costs of EUR 4.2 million.
* In connection with the toll project in the Czech Republic:
The contract ends in the third quarter of the financial year. Since the
employees will not be hired en bloc by the designated operator, the company
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte