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Kapsch TrafficCom

EANS-Adhoc: Kapsch TrafficCom AG
Kapsch TrafficCom releases results for the third quarter of Fiscal Year 2009/10

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
9-month report
Revenues:          Q3: EUR 69.6 million    Q1-Q3: EUR 149.0 million
EBIT:              Q3: EUR 11.1 million    Q1-Q3: EUR 6.6 million
Profit before tax: Q3: EUR 21.9 million    Q1-Q3: EUR 23.0 million
Profit after tax:  Q3: EUR 19.5 million    Q1-Q3: EUR 21.7 million
Earnings per share:Q3: EUR 1.41            Q1-Q3: EUR 1.47
Vienna, 24 February 2010 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in
the prime market segment of the Vienna Stock Exchange, reported a clear increase
in revenues and EBIT for the third quarter of Fiscal Year 2009/10.
Revenues and earnings
After a challenging first half year, Kapsch TrafficCom recorded highly
satisfying results in the third quarter. At EUR 69.6 million, revenues of the
Group in the period from 1 October to 31 December 2009 significantly exceeded
revenues in the same period of the previous fiscal year (FY09-Q3: EUR 51.6
million). Despite continuing large investments in the expansion into new
markets, particularly the U.S.A., the EBIT also increased to EUR 11.1 million
(FY09-Q3: EUR 3.2 million).
Due to the weaker performance in the first half year - particularly in the first
quarter - consolidated revenues of EUR 149.0 million for the first three
quarters were still slightly below the EUR 160.1 million in the same period of
the previous fiscal year. In contrast to the first half year, earnings turned
back positive, with an EBIT at EUR 6.6 million (FY09-Q3 cum.: EUR 21.6 million).
Widely due to an accounting profit of EUR 14.1 million resulting from the
reclassification of the stake in Q-Free ASA, Norway, as the shareholding, as a
consequence of capital increases, fell below the threshold of 20 %, profit
before tax improved to EUR 23.0 million (FY09-Q3 cum.: EUR 17.9 million) and
profit after tax to EUR 21.7 million (FY09-Q3 cum.: EUR 12.7 million; FY08-Q1:
EUR 2.9 million). Accordingly, earnings per share were at EUR 1.47 EUR compared
to EUR 0.95 in the first nine months of the previous fiscal year.
Broken down by segments, with revenues of EUR 25.2 million (FY09-Q3 
cum.: EUR 50.2 million) at an EBIT of EUR minus 21.3 million (FY09-Q3
cum.: EUR 2.6 million) the Road Solution Projects (RSP) segment, 
being characterized by projects business, recorded a considerable 
decrease against the same period of the previous fiscal year. In 
contrast, the Services, System Extensions, Components Sales (SEC) 
segment, which is characterized by recurring revenues, showed a 
significantly stronger performance. With revenues at EUR 117.5 
million (FY09-Q3 cum.: EUR 103.8 million) and an EBIT at EUR 27.9 
million (FY09-Q3 cum.: EUR 20.9 million), it clearly outperformed the
same period of the previous fiscal year.
Financial position and cash flows The Kapsch TrafficCom Group clearly
improved its free cash flow in the first three quarters of the fiscal
year 2009/10, up by 23 % to EUR 31.3 million against EUR 25.5 million
during the same period of the previous fiscal year. As of 31 December
2009, the net working capital was reduced by 19 % to EUR 101.6 
million compared to EUR 124.8 million as of 31 December 2008.
In the same period, Kapsch TrafficCom clearly improved its capital 
structure again. With total assets of EUR 289.4 million as of 31 
December 2009, down by 5 % from EUR 304.8 million as of 31 December 
2008, the Kapsch TrafficCom Group´s equity ratio reached 52.3 % as of
31 December 2009 (31 December 2008: 43.0 %). At the end of the 
previous fiscal year as of 31 March 2009, the equity ratio was at 
41.4 %.
Outlook The company continues to take an optimistic long-term view on
its market.
The report on the third quarter of Fiscal Year 2009/10 can be 
downloaded at Relations/Financial 
Kapsch TrafficCom is an international supplier of innovative road 
traffic telematics solutions. Its principle business is the 
development and supply of electronic toll collection (ETC) systems, 
in particular for the multi-lane free-flow (MLFF) of the traffic, and
the technical and commercial operation of such systems. Kapsch 
TrafficCom also supplies traffic management systems, with a focus on 
road safety and traffic control, and electronic access systems and 
parking management. With more than 230 references in 38 countries in 
all 5 continents, and with more than 16 million delivered on-board 
units (OBUs) and 12,000 equipped lanes, Kapsch TrafficCom has 
positioned itself among the leading suppliers of ETC systems 
worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and
has subsidiaries and representative offices in 23 countries.
This ad-hoc release constitutes neither an offer to sell nor a 
solicitation to buy any securities. The securities have already been 
This ad-hoc release and the information it contains are not for 
publication in the United States of America (U.S.A.) and may not be 
distributed to U.S. persons (as defined in Regulation S of the U.S. 
Securities Act ("Securities Act") of 1933, as amended) or to 
publications with a general circulation in the U.S.A. This stock 
exchange announcement does not constitute an offer for the sale of 
securities or solicitation of an offer to purchase securities in the 
U.S.A. The securities of Kapsch TrafficCom AG have not been 
registered under the provisions of the Securities Act and may not be 
offered, sold or delivered to U.S. persons without prior registration
under or exemption from the registration requirements.
This ad-hoc release is exclusively addressed to persons (i) outside 
the United Kingdom, or (ii) who are investment professionals for the 
purposes of article 19(5) U.K. Financial Services and Markets Act 
2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or 
(iii) who are included under article 49(2)(a)-(d) of the Order ("high
net worth companies, unincorporated associations, etc.). All such 
persons are hereinafter referred to as "Relevant Persons". No person 
who is not a Relevant Person may take action on the basis of this 
press release or the information contained herein or rely thereon. 
Investment or investment activities in connection with this press 
release are only available to Relevant Persons, and investment 
business will only be transacted with Relevant Persons.
end of announcement                               euro adhoc

Further inquiry note:

Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria

Branche: Technology
Index: Prime Market
Börsen: Wien / official market

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