EQS-News

Kapsch TrafficCom AG: Result for the first three quarters of 2023/24.

EQS-News: Kapsch TrafficCom AG / Key word(s): Quarter Results Kapsch TrafficCom AG: Result for the first three quarters of 2023/24. 21.02.2024 / 07:15 CET/CEST The issuer is solely responsible for the content of this announcement. Kapsch TrafficCom – Result for the first three quarters of 2023/24.

Highlights.

• Reported revenues of EUR 400 million are 4% below previous year due to customer credit and margin adjustments for projects in progress.
• Cash inflow from settlement agreement in Germany significantly improved financial position, net assets and results of operations.
• Operating result (EBIT) increased to EUR 70 million.
• Successful completion of existing and numerous new projects should soon be reflected in revenues, earnings and liquidity.
• Outlook to financial year 2023/24: Revenue growth in single-digit percentage range and significant improvement in operating result (EBIT); further major project awards expected.

"Although we still had relatively high value adjustments from old orders, we managed to stabilize the result. Due to a significant improvement of our organization and our processes, we expect a drastic reduction in the need for value adjustments in the future. Both product quality and a correspondingly lower cost base will not only improve our results, but also further increase our competitiveness," says Georg Kapsch, CEO of Kapsch TrafficCom.

Unless otherwise stated, all values in EUR million.		Q1-Q3 2022/23		Q1-Q3 2023/24		+/-
Revenues		414.4		400.0		-3.5%
EBIT		9.8		70.0		>+500%
EBIT margin		2.4%		17.5%		+15.2pp
Result for the period attributable to equity holders		2.3		38.3		>+500%
Earnings per share (EUR)		0.18		2.95		>+500%