EANS-News

Kapsch TrafficCom / Results for the first half of 2021/22 - ATTACHMENT

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Financial Figures/Balance Sheet/Earnings Forecast/Mid Year Results

Vienna - Highlights.

* Earnings positive again, revenues at previous year's level.
* EBIT of both segments positive.
* Stable gearing.
* Guidance 2021/22: Revenues up by approximately 10% to around EUR 550 million,
EBIT margin of around 3%.


"I am glad to see that the restructuring measures are having an effect. However,
the Group continues to feel the impact of the COVID 19 pandemic. Therefore, the
main focus in the second half of the year will be on maintaining cost discipline
and acquiring new business. However, I am convinced that we have not only put
the most difficult phase behind us, but also used it to make the Group leaner,
more flexible, more agile, and better aligned to future opportunities," says
Georg Kapsch, CEO of Kapsch TrafficCom.


Unless otherwise stated, H1 2020/21 H1 2021/22 +/-
all values in EUR million
Revenues 257.5 255.2 -0.9%
EBIT -57.8 10.6 > 100%
EBIT margin -22.5% 4.2% 26.6pp
Result for the period attributable to equity -54.0 3.0 > 100%
holders
Earnings per share (EUR) -4.15 0.23 EUR +4.38


Kapsch TrafficCom generated a positive operating result (EBIT) of EUR 11 million
in the first half of the current financial year, compared to a negative EBIT of
EUR -58 million on approximately the same revenues in the first half of the
previous financial year. In the first half of 2021/22, special effects amounting
to EUR -4 million (previous year: EUR -59 million) had an impact on EBIT.
Compared to the first half of the last financial year, the EBIT margin increased
by around 27 percentage points to 4%.

It was right and important to reduce the company's cost base significantly and
sustainably, especially as the Group continues to clearly feel the effects of
the COVID 19 pandemic. New business momentum was persistently low, especially in
the implementation business, due to a lack of sufficient market opportunities.
The components business suffered from shortages of electronic components, which
meant that existing demand could not be met as desired. In some markets, on the
other hand, demand continued to be lower.

The financial result amounted to EUR -3 million (previous year: EUR -8 million).
Tax expenses amounted to EUR 2 million (previous year: tax income of EUR 11
million). The result for the period attributable to shareholders amounted to EUR