Kapsch TrafficCom AG

EANS-Adhoc: Kapsch TrafficCom demonstrated both strategic and operational successes during the first quarter of the fiscal year 2011/12

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3-month report



• Revenues doubled, and EBIT increased by nearly five times
• Significant milestones for the entire year have already been achieved
• Successful capital increase completed in July 
• Tenders for new projects in preparation

Q1: 1 April - 30 June                     FY 12-Q1   +/- %   FY 11-Q1
Revenues (in million EUR)                   134.7    103 %     66.3
EBIT (in million EUR)                        22.2    359 %      4.8
Profit for the period (in million EUR)       13.9    210 %      4.5
Earnings per share (in EUR)                  0.91    308 %     0.22
On-board units delivered (in million units)  2.77    269 %     0.75

Vienna, 22 August 2011 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the
Prime Market of the Vienna Stock Exchange, exhibited an exceptionally successful
first quarter of the fiscal year 2011/12. In addition to remarkable increases in
revenues and profit, the group made great advances in strategically important
projects. On the basis of this progress, several of the milestones for the
fiscal year were already achieved shortly after the end of the quarter.

In particular, the core topics of this reporting quarter included the start of
the operations of the nationwide electronic toll collection system in Poland,
the selection for a new ten-year technology and service contract with the
world's largest provider of toll interoperability in the U.S.A., the E-Z Pass®
Group, as well as the preparations for a capital increase.

Revenue and earnings
The revenues of the Kapsch TrafficCom Group increased from EUR 66.3 million in
the first quarter of the previous year to EUR 134.7 million in the reporting
period. After the increase of 92 percent in the previous year, this corresponded
to another doubling of revenues. The EBIT increased disproportionately from EUR
4.8 million in the first quarter of the previous year to EUR 22.2 million in the
reporting period, an increase of nearly five times. This put the EBIT margin at
16.5 percent, following 7.3 percent in the previous year. The profit for the
period increased accordingly to EUR 13.9 million (FY11-Q1: EUR 4.5 million).
These increases were driven by the progress in the various projects as well as
the acquisition undertaken in November 2010 to expand the U.S. business. This
allowed Kapsch TrafficCom to achieve significant improvements in both major

Revenues in the segment Road Solution Projects (RSP) increased by 134 % from EUR
23.4 million in the first quarter of the previous year to EUR 54.8 million.
Already in the first quarter, the EBIT was positive for the first time in two
fiscal years at EUR 3.5 million, bringing the EBIT margin to 6.4 %. The progress
in the nationwide toll collection project in Poland made a considerable
contribution here. The toll collection project in the South African Gauteng
province, the installation of a system for public transportation in the city of
Johannesburg, South Africa, as well as the implementation of the Australian
Airport Link project further contributed to the increase in revenue.

In the segment SEC (Services, System Extensions and Components Sales), revenues
increased by 91.5 % from EUR 41.0 million to EUR 78.5 million. The EBIT
increased from EUR 7.3 million to EUR 18.5 million, and the EBIT margin of 23.6
% was significantly above the previous year's value of 17.9 %. The revenue
increase was largely due to the Canadian, Mexican and U.S. subsidiaries of Mark
IV IVHS acquired in the third quarter of 2010/11 as well as the pre-operations
phase of the South African Gauteng project and the on-board units delivered in
connection with this. In total, the number of on-board units delivered increased
from 0.75 million in the previous year to 2.77 million units, making a key
contribution to the increased profit as well.

Financial position and cash flows
The project business drove an increase in total assets during the reporting
quarter. In terms of assets, the inventories increased as did trade receivables,
which was also reflected in an increase in the net working capital. The
liabilities side saw primarily an increase in the short-term financial
liabilities and the trade payables. The free cash flow declined to EUR -9.0
million after EUR 3.2 million in the same period of the previous fiscal year.
Despite a simultaneous increase in the cash and cash equivalents, the
project-related rise in short-term financial liabilities pushed the net debt up
to EUR 56.0 million.

Looking forward in the 2011/12 fiscal year, the focus for the Kapsch TrafficCom
Group will lie on the continuation of ongoing projects, such as the toll
collection system in the South African Gauteng province and the start of the
recently awarded project in Portugal. In addition, the company is also looking
forward to additional tenders for other interesting projects. In Russia, Kapsch
TrafficCom Russia succeeded in qualifying for the final phase of a tender
process as part of a joint venture. In Slovenia, the tender process for a
nationwide electronic truck toll collection system began at the start of August,
while other invitations to tender are in preparation in Hungary and Denmark.

The report on the first quarter of the fiscal year 2011/12 can be downloaded
from www.kapsch.net/en/ktc/investor_relations/financial_information.

end of ad-hoc-announcement
Kapsch TrafficCom is an international supplier of superior intelligent
transportation systems (ITS) and primarily supplies electronic toll collection
systems. With its end-to-end solution portfolio, Kapsch TrafficCom covers the
entire value creation chain of its customers, from products and systems to
integration and operations, as a one-stop shop. Kapsch TrafficCom also offers
solutions for urban access management as well as for traffic safety and
security. Add-on applications to these solutions, such as traffic data
collection, complement the offering. With references in 41 countries in all 5
continents, Kapsch TrafficCom has positioned itself among the internationally
recognized suppliers of intelligent transportation systems. Kapsch TrafficCom AG
is headquartered in Vienna, Austria, and represented in 25 countries.

Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net

end of announcement                               euro adhoc 

issuer:      Kapsch TrafficCom AG
             Am Europlatz  2
             A-1121 Wien
phone:       +43 1 50811 1122
FAX:         +43 1 50811 99 1122
mail:     ir.kapschtraffic@kapsch.net
WWW:      www.kapschtraffic.com
sector:      Technology
ISIN:        AT000KAPSCH9
indexes:     Prime Market
stockmarkets: official market: Wien 
language:   English

Weitere Meldungen: Kapsch TrafficCom AG

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