EANS-News
Kapsch TrafficCom AG / Results for the first three quarters of 2019/20. - ATTACHMENT
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Financial Figures/Balance Sheet
Vienna - Highlights.
* Revenues increased to EUR 545.5 million (+2%).
* EBIT dropped to EUR 7.7 million (previous year: EUR 33.6 million).
* One-off effects of EUR 10.6 million weigh on the EBIT.
"The results have not met my expectations or what we have aimed for. We are
currently experiencing a certain amount of upheaval as we move into a new phase
of expansion. The business model is being extended in a way to address both
existing and new customer groups with innovative solutions. The necessary
investments have a direct influence on our profit and loss statement as we do
not capitalize much.
We will continue working purposefully. As soon as we have succeeded in
rebuilding a solid staffing level in North America and recovered the usual high
productivity we are accustomed to, as well as overcome the challenges in Africa,
we will be able to enjoy profitable growth again," says Georg Kapsch, CEO of
Kapsch TrafficCom.
Unless otherwise
stated, all values Q1-Q3 2018/19 Q1-Q3 2019/20 +/-
in EUR million
Revenues 533.1 545.5 2.3%
EBIT 33.6 7.7 -77.2%
EBIT margin 6.3% 1.4% -4.9%
Profit for the 21.9 0.2 -99.3%
period
Earnings per share 1.77 0.14 -91.9%
(EUR)
Vienna, February 18, 2020 - Kapsch TrafficCom was able to increase the revenues
of the first three quarters 2019/20 to EUR 545.5 million (+2.3%). Growth in the
Americas region (North, Central and South America) was particularly noteworthy
(+23.2%). The operating result (EBIT) reached EUR 7.7 million (-77.2%),
corresponding to an EBIT margin of 1.4% (previous year: 6.3%). EUR 10.6 million
of one-off effects weighed on the EBIT: EUR 5.9 million related to the German
infrastructure charge topic, EUR 2.3 million to the ending of operations of the
nation-wide toll system in Czech Republic, and EUR 2.4 to end Streetline's
business activities (smart on-street parking solutions).
The lower profitability has to do with the growth of the North American
business, among others. It has turned out to be more difficult than expected to
recruit a sufficient number of new employees. In the first nine months of the
year, we adopted a new recruiting strategy and were able to increase the number
of employees in the USA (excluding the smart parking subsidiary Streetline) by
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte