init innovation in traffic systems AG

EANS-Adhoc: init innovation in traffic systems AG
init started the new financial year with growth in revenue and profits

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
quarterly report


Karlsruhe, 2 May 2012. init innovation in traffic systems AG has started the
2012 financial year with growth in revenue and profits. According to the
preliminary figures now available, the global system house for telematics,
planning and electronic payment systems generated income of EUR 19.6m in the
first quarter. This corresponds to growth of over 40 per cent compared to the
previous year (EUR 14.0m) and therefore clearly exceeds planning.

Earnings before interest and taxes (EBIT) also increased to EUR 2.8m (previous
year: EUR 2.6m). It should be taken into account in a year-on-year comparison
that in the first quarter of 2011 the partial release of risk provisions for
Dubai influenced the result as a special effect.

The group result after taxes increased over 20 per cent to EUR 1.8m in the first
quarter of 2012 (previous year EUR 1.5m). This corresponds to a profit per share
of EUR 0.20 (previous year: EUR 0.15). Operational cash flow was also positive
once again in the first quarter at EUR 4.4m (previous year: EUR 8.9m). This
means the liquid funds, including securities saleable in the short term,
increased in the reporting period to EUR 27.5m (end of 2011: EUR 23.7m).

After this dynamic start, init sees itself well equipped to be able to achieve
the growth targets of EUR 95m set for the entire year of 2012 with an EBIT of
EUR 19m. Together with the current orders on hand of EUR 124m, more than 90 per
cent of the turnover expected for 2012 is covered. 

init is currently involved in numerous public tenders in Germany and abroad.
Many of these tenders will be decided in the next few months, so we can expect
additional high volumes of new orders in terms of amount in 2012. 

The detailed report on the first quarter of the financial year will be published
on 10 May 2012.

"This release is not being issued in the United States of America and should not
be distributed to United States Persons or publications with a general
circulation in the United States. This document does not constitute an offer or
invitation to subscribe for or purchase any securities in addition, the
securities of init AG have not been registered under the United States
securities laws and may not be offered, sold or delivered within the United
States or to U.S. Persons absent from registration under or an applicable
exemption from the registration requirements of the United States securities

Further inquiry note:
Alexander Güntert
Investor Relations
Tel.: +49 (0)721/6100-316

end of announcement                               euro adhoc 

issuer:      init innovation in traffic systems AG
             Käppelestraße 6
             D-76131 Karlsruhe
phone:       +49(0)721 6100-0
FAX:         +49(0)721 6100-399
sector:      Semiconductors & active components
ISIN:        DE0005759807
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

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