init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
Financial Figures/Balance Sheet
init continues from record to record and exceeds 2006 earnings target

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annual report

27.02.2007

In 2006, init innovation in traffic systems AG attained the best results in terms sales and profitability in its entire history. According to preliminary figures (IFRS), the operating result before interest and taxes (EBIT) improved to 5.5 mill. Euro (2005: 4.2 mill. Euro). While exceeding the prior-year record by 30 percent, it also tops projections by  approximately 20 percent (4.6 mill. Euro). The net profit increased even more significantly on the previous year, by approximately 31 percent to 3.4 mill. Euro (2005: 2.6 mill. Euro). This results in net earnings per share of 0.36 Euro (2005: 0.26 Euro).  At 36.3 mill. Euro, the sales revenues also rose by 8,5 percent above the previous record in 2005 (33.4 mill. Euro). The Karlsruhe-based complete supplier of telematics and electronic fare collection systems for buses and trains thus managed to improve its EBIT margin to over 15 percent (2005: 12.6 percent). This improvement is due on the one hand to the equipping of vehicle fleets with related economies of scale, but is also the result of drastically tightened cost of production. The current fiscal year is expected to continue the impressive growth dynamics of init. At 61.1 mill. Euro, the cushion of existing orders as at the end of last year was still up by 12,3% on the previous year (54.4 mill. Euro). The final figures for the 2006 fiscal year, the complete annual report and the prospects for 2007 will be published at the press conference on financial statements on March 28.

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ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.ch

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/prime
              standard
              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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