euro adhoc: Kapsch TrafficCom AG
Financial Figures/Balance Sheet
Results of
Kapsch TrafficCom AG in fiscal year 2007/08
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report
18.06.2008
Vienna, June 18, 2008 -Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, increased the group's EBITDA by 27% compared to the previous fiscal year to EUR 39.0 million and EBIT by 30% to EUR 34.9 million, whereas revenues slightly declined to EUR 185.7 million (2006/07: EUR 198.6 million) in the fiscal year 2007/08 ending 31 March 2008. The EBIT margin improved considerably from 14% in the previous fiscal year to 19% in 2007/08. The volatility of the project business and the Road Solution Projects (RSP) segment in particular together with large-scale projects ultimately not awarded or postponed led to a decline in revenues in fiscal year 2007/08 compared to the previous fiscal year, down 6% from EUR 198.6 million to EUR 185.7 million. Revenues in the RSP segment were down from EUR 105.0 million in the previous fiscal year to EUR 47.0 million in 2007/08. In line with the company´s strategic objectives, the performance of the SEC (Services, System Extensions, Components Sales) segment was particularly strong, with a 60% increase in revenues from EUR 80.6 million to EUR 128.8 million and an increase in EBIT from EUR 15.8 million to EUR 29.1 million (up 84%). This was primarily attributable to recurring revenues from the technical and commercial operation of the nationwide truck tolling system in the Czech Republic and a significant increase in the volume of components sales, particularly on-board units (OBUs). At approximately 2.5 million, sales of OBUs more than doubled from the 1.2 million in the previous fiscal year. Moreover, bonus payments from the nationwide truck tolling systems in the Czech Republic and in Austria contributed to this positive development in this segment. Net assets improved to EUR 28.4 million as of 31 March 2008 (EUR -12.5 million as of 31 March 2007), although liabilities were reduced and securities were bought, and total equity increased to EUR 133.4 million as of 31 March 2008 (31 March 2007: EUR 45.6 million) with an equity ratio of 45% (31 March 2007: 20%). In accordance with the positive development of its profitability, Kapsch TrafficCom also recorded significant growth of 27% in earnings per share, which increased to EUR 2.60. The managing board will therefore propose that the shareholders´ meeting to be held on 10 July 2008 resolve a dividend of EUR 0.90 per share, representing a payout ratio of appr. 35%. The annual report for fiscal year 2007/08 may be downloaded at www.kapschtraffic.com/ Investor Relations/Financial information.
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 140 installed tolling systems in 30 countries in Europe, Australia, Latin America, in the Middle-East, in the Asian/Pacific region and in South Africa, and with almost 12 million on-board units (OBUs) and nearly 11,000 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 20 countries.
This release constitutes neither an offer to sell nor a solicitation
to buy any securities. The securities have already been sold. This
release is not being issued in the United States of America and must
not be distributed to U.S. persons (as defined in Regulation S of the
U.S. Securities Act of 1933, as amended ("Securities Act")) or
publications with a general circulation in the United States. This
press release does not constitute an offer or invitation to purchase
any securities in the United States. The securities of Kapsch
TrafficCom AG have not been registered under the Securities Act 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 laws. This release is directed only at persons (i) who are
outside the United Kingdom or (ii) who have professional experience
in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended) (the "Order") or (iii) who fall within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the Order (all such persons together being
referred to as "Relevant Persons"). Any person who is not a Relevant
Person must not act or rely on this communication or any of its
contents. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will
be engaged in only with Relevant Persons.end of announcement euro adhoc
Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Wagenseilgasse 1,1120 Wien, Austria
phone: +43 (0) 50 811 1122
mail: ir.kapschtraffic @ kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / official market