init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
quarterly or semiannual financial statement
init increases first-half profits by 76 percent - Turnover and result above budget

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 01.08.2006 In the first half of 2006, init innovation in traffic systems AG (ISIN DE0005759807) has recorded pleasing growth both in turnover and result and set what are in many respects new record figures. This is primarily true for the revenue side: based on a gross margin of over 37 percent, the earnings before taxes in the second quarter stood at 1.9 million Euro - 87,2 percent up on the previous year’s figure (1.0 million Euro) and thus significantly above the planned figures. Seen against the first half, the growth for this key figure is 54.3 percent (2.4 million Euro in 2006, against 1.6 million Euro in the previous year). The net profit even succeeded in more than doubling in the second quarter at 1.3 million Euro (2005: 0.6 million Euro). For the first six months, this translated into a 76.7 percent increase in consolidated surplus, up to 1.6 million Euro (2005: 0.9 million Euro), enabling init to increase the earnings per share up to 0.16 Euro (2005: 0.09 Euro). In the second quarter of 2006, init was able to improve the high turnover of the previous year (7.9 million Euro) by 34.1 percent with 10.6 million Euro. The now available figures for the first half-year show a new record level for revenues at 16.7 million Euro (2005: 15.6 million Euro). This high level of business was largely driven by follow-up contracts from large European projects. This all means that init remains on course for a new record year and looks set to achieve its much sought after objective of increasing both turnover and result for the whole year. The turnover distribution of init throughout the financial year is usually disproportionate whereas the last quarter of the year is traditionally the strongest. The current level of jobs on the order book extends beyond 2006 and already forms the basis for a high growth potential next year. Compared with the same point in time in the previous year, by the end of June init had almost two and a half times the value of orders on the books with 57.1 million Euro (2005: 23.9 million Euro). The board is also expecting further substantial orders to come in during the next few months. The complete Q2-report 2006 will be published in week 32. end of announcement euro adhoc 01.08.2006 07:02:58 -------------------------------------------------------------------------------- ots Originaltext: init innovation in traffic systems AG Im Internet recherchierbar: http://www.presseportal.de Further inquiry note: Alexandra Weiß Investor Relations Telefon: +49(0)721 6100-102 E-Mail: aweiss@initag.de Branche: Semiconductors & active components ISIN: DE0005759807 WKN: 575980 Index: CDAX, Prime All Share, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade

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