euro adhoc: IVU Traffic Technologies AG
quarterly or semiannual financial
statement
Results for first quarter 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.05.2006
Q1 revenues up 17% in year-on-year comparison EBIT and consolidated results show considerable improvements Order-book situation very good
IVU Traffic Technologies AG has generated revenues of some EUR 6.1 million in the first three months of the current financial year. This represents an increase of 17 percent in a year-on-year comparison. The gross profits also increased by 13 percent to EUR 5.4 million. Q1 EBIT showed a considerable improvement from -EUR 0.7 million to -EUR 0.1 million, and the consolidated result improved by EUR 400 000 to -EUR 0.2 million.
"The first quarter 2006 shows that the measures introduced over recent years have led to a significant increase in productivity", commented Prof. Ernst Denert, CEO of the Berlin IT-company, today presenting the Q1 report to the meeting of the Supervisory Board. "The team has been strengthened by specific changes, and efficiency has increased in particular in development and project implementation. This process will be continued throughout 2006: IVU is currently recruiting further highly-qualified computer scientists and software engineers."
IVU is steering towards a profitable financial year. The goal of the group for 2006 is to achieve revenue in excess of EUR 30 million and gross profits of EUR 25 million, and associated with this a considerable increase in EBIT.
IVU's order books are in very good condition. With the work already completed in the current financial year and the orders which are outstanding, at the beginning of the second quarter at least 80% of the planned revenue and the gross profits for 2006 are covered.
You can find the full text of the Q1 report at www.ivu.de.
IVU Traffic Technologies AG is a leading supplier of IT systems for planning, operating and optimising transport and logistics processes. 30 years of experience developing hardware and software systems for more than 300 public transport companies also made IVU the market leader for IT solutions in other segments: monitoring truck fleets, setting up retail networks in geo-marketing, election processing. This is IVU's approach to transportation and beyond.
end of announcement euro adhoc 10.05.2006 15:27:27
Further inquiry note:
Renate Bader
Tel.: +49 (0)30 859 06 800
E-Mail: renate.bader@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Index: Prime All Share, Technologie All Share, CDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade