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init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
other
init sales in fourth quarter increase by more than 30 per cent

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
23.02.2005
Karlsruhe, February 23, 2005. In the fourth quarter of 2004, init
innovation in traffic systems AG continued its positive development
and managed to exceed the expectations for both sales and profit.
According to preliminary figures, the company turned over a good 15
million Euro in the year-end quarter, thus topping the prior year
figure (Q4 2003: 11.5 million Euro) by well over 30 per cent.
Along with the satisfactory sales trend particularly in international
business, the now completed rationalization of internal structures
also proved to have a positive effect on the operating result. Thus,
the earnings before interest and taxes (EBIT) confirmed the upward
trend started in the previous quarter and are also likely to be well
above the comparative prior-year figure(Q4 2003: 1.4 million Euro).
Owing to the strong final quarter, init managed to perform better
than expected for the year. With accumulated revenues exceeding 32
million Euro, the annual sales target revised last August to 30
million Euro was clearly exceeded. Even the EBIT for 2004 is
anticipated to outperform the loss of 2.0 million Euro predicted only
last summer.
In view of a noticeable upturn in Germany, the continued positive
trend in international business, and the cost savings, init forecasts
a distinctly positive result for 2005.
The audited 2004 annual financial statements, the full Report of the
Managing Board, and a forecast for 2005 will be published on March
30.
For more information please contact:
Alexandra Weiß
init innovation in traffic systems AG
Kaeppelestraße 6
76131 Karlsruhe
Tel.: 0721/6100-102
Fax: 0721/6100-399 
info@initag.de
Sebastian Brunner
rw konzept GmbH
Ysenburgstraße 7
80634 München 
Tel.: 089/139596-33
Fax: 089/139596-34
Mobil: 0175/5604673 
brunner@rw-konzept.de
end of announcement                    euro adhoc 23.02.2005 07:23:23 

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
Berliner Wertpapierbörse / 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
Bremer Wertpapierbörse (BWB) / free trade