DGAP-News

init innovation in traffic systems SE: Digitisation specialist's virtual shareholders' meeting - Seite 3

Further development projects

Greschner was also able to present a number of further research and development projects to the shareholders, which should ensure increased revenues in the next few years beyond init's core business. "In the past five years, we have invested around EUR 45m in basic developments that we have not yet capitalised upon. We have therefore deliberately refrained from reporting a higher result in order to create potential. This is now increasingly starting to pay off," Greschner emphasised. "From 2022 onwards however, it should be possible for us to achieve our sustainable growth target of an average of 15 percent per year again".

The international leading digitisation specialist in public transport once again achieved significant dynamic growth in the 2020 financial year despite the many problems created by the Coronavirus pandemic. Earnings per share actually increased by 33 percent from EUR 1.13 to EUR 1.50. The shareholders' dividend increased further to EUR 0.55 (previous year: EUR 0.40) per share.

 

 

Contact:
Person making the notification:
Simone Fritz
Investor Relations
[e-mail]

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19.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	init innovation in traffic systems SE
	Käppelestraße 4-10
	76131 Karlsruhe
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.initse.com
ISIN:	DE0005759807
WKN:	575980
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1198452