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Kapsch Group
Press & Mediacenter

Press Contacts
Carolin Treichl

Executive Vice President Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria

+43 50 811 1710carolin.treichl@kapsch.net
12. April 2021
Kapsch TrafficCom’s pioneering European technology will connect intelligent traffic lights with driverless buses in Malaga

The company installs traffic controllers that inform an autonomous public transport vehicle of green and red traffic signals The AUTOMOST project aims to advance the automation of public transport Madrid, April 12, 2021 – Kapsch TrafficCom (Kapsch) has implemented a connected vehicle (V2X) project in Malaga, Spain for AUTOMOST. This EU-funded R&D project, developed by the bus fleet manager AVANZA together with the City of Malaga and the Port of Malaga, aims to advance the automation of public transport. Kapsch, as an international provider of connected vehicle technology and services, has installed intelligent traffic light controllers that directly transmit SPaT (Signal Phase and Timing) information from the traffic lights to the autonomous bus for each lane accessing the controlled junction. The Malaga City Council, which is committed to Malaga’s development as a technological and innovative “smart city ”, has chosen the port as the test area to develop this autonomous vehicle project and to analyse the benefits of automating public transport in a more controllable way, as it hosts a less complex bus line. Kapsch was selected by the Malaga City Council in 2020 to supply 11 EcoTrafiX™ traffic light controllers with their corresponding roadside units (RSU), which are now connected to the AUTOMOST technology platform to provide real-time information between the buses and infrastructure at select Malaga intersections with traffic lights. They replace the original controllers that did not support SPaT features. The SpaT information provided by Kapsch technology will include current traffic light status and time remaining until the next light change. This will allow the buses and other equipped vehicles to know the exact red, green or yellow light times in advance in order to match their speeds accordingly and manage their autonomous driving. This is an innovative program and the first of its kind in Spain; the technology can simultaneously broadcast a G5 and 5G protocol frequency while sending SpaT information about the traffic lights to all  nearby vehicles. “We are delighted to contribute to the implementation of this innovative project, which reaffirms our commitment to smart urban mobility,” says Javier Aguirrre, CEO and President of Kapsch for Spain and Portugal . “Connected vehicle and autonomous driving technologies open up great opportunities. Malaga, a Spanish benchmark for Smart Cities, has been using Kapsch solutions for years to manage the city's traffic in an integrated way. Now, with this initiative, it has once again become a pioneer in applying technology to improve the lives of its citizens.”   The EcoTrafiX™ Controller enables efficient, safe, and sustainable mobility by setting priorities for public transport, emergency vehicles, bicycles, or pedestrians depending on the unique needs of each project. EcoTrafiX™ can operate with different protocols (UNE, NTCIP, UTMC) and adapts to any type of operation whether in isolated mode, under centralised control, or with adaptive traffic control systems. The Kapsch RIS-9160 RSU provides fast data exchange between the vehicle and infrastructure.

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25. March 2021
Enviromental award from the city of Vienna for Kapsch TrafficCom

The City of Vienna has honored Kapsch TrafficCom as “OekoBusiness Wien 2021”. The global provider of intelligent traffic solutions took part with its operations in Vienna's ÖKOPROFIT (Ecoprofit) environmental service program. The program aims to help companies reduce waste, raw material, and water and energy consumption at business locations in Vienna. “The Oekoprofit program is a great start on the road to become a more sustainable company,” says Juliane Höbarth, Head of KapschTrafficCom's Environmental Sustainability Program. “It helps us identify the biggest sources of emissions in our company at the Vienna operating site and understand how to reduce them.” Experts examine environmentally friendly business practices. In a series of workshops, the Ecoprofit experts from the environmental consultancy Denkstatt worked with Kapsch TrafficCom to analyze carefully selected environmental data and identify potential savings and improvement measures. “We learned that in the industrial sector, the product life cycle accounts for the largest share of CO2 emissions. That's why we focus on evaluating the CO2 footprint of our products and the emissions savings potential of our portfolio,” reports Höbarth. Kapsch TrafficCom is “OekoBusiness Vienna 2021”. The project team presented the results of the program in the form of a report and a presentation to the expert commission of Oekoprofit. Kapsch TrafficCom was then recognized by the Advisory Board for its commitment to sustainable business practices by the City of Vienna as “OekoBusiness Wien 2021”. The certificate is valid for a period of one year.

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8. March 2021
Kapsch TrafficCom – Norway Starts Free-Flow Tolling In One Of World´s Deepest Undersea Tunnels.

Jönköping/Vienna. March 8, 2021 – The Norwegian Public Roads Administration (Statens Vegvesen) assigned Kapsch TrafficCom (Kapsch) in October 2020 to deliver a new Multi-Lane Free-Flow (MLFF) tolling system at Ryfast, Norway. Only 13 weeks after the contract signature, the system with 6 tolling points went successfully into operation on February 1, 2021. The Ryfast sub-sea tunnel system runs from the city of Stavanger to the municipality of Strand. It is one of the longest and deepest undersea road tunnels in the world, with the Ryfylke tunnel of 14.3 kilometres length and 292 meters deep. After implementing the high performance system in record time of only 13 weeks, the Kapsch MLFF G3 tolling system is now in operation since the beginning of February. “While we have installed our systems at tunnels, bridges, cities and roadways all around the world, we are proud to be part of the Ryfast project. We are very happy that we have managed to implement a reliable and high-performing system in such a short time", says Mikael Hejel, responsible Area Sales Manager for the Nordic countries. The tolling system detects and identifies all passing vehicles with video technology, which classifies the vehicles and captures their front- and rear license plates. Through microwaves, the tolling system also detects and reads AutoPass toll tags, which are linked to the vehicle’s license plate number. The information captured by the tolling system is transmitted to a back-office for further processing and invocing of the vehicle owners. “Due to that a previous tolling system could not be set into operation, we had to retender a new tolling system and allocate a tight time schedule. In addition, given the current Covid situation and closed borders, it was a challenging task both for Statens vegvesen and Kapsch to comply with the schedule. Therefore we are very pleased with the open dialogue and the transparency we have had with Kapsch TrafficCom, something which enabled the extremely short implementation time of the new tolling system”, says Kristian Rognskog, Chief Engineer of AutoPASS/Bompeng systems at Statens vegvesen.

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16. February 2021
Kapsch TrafficCom – Results for the first three quarters of 2020/21.

Highlights. Expiry of major projects, COVID-19, special effects, and internal challenges led to a decline in revenues and negative EBIT. Restructuring measures have shown the first signs of success; free cash flow is positive again. “The success of the introduced cost reduction program is already evident. While the free cash flow in Q1 was still negative at around EUR 27 million, the shortfall in Q2 fell to EUR 3 million. In the just finished Q3, we succeeded in generating a positive free cash flow of EUR 31 million. As a result, we now have a positive value of EUR 1 million after nine months,“ says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1-Q3 2019/20 Q1-Q3 2020/21 +/- Revenues 545.5  384.5 -29.5 % EBIT 7.7  -89.0 > -100 % EBIT margin 1.4 %  -32.1 % -24.5 %p Result for the period attributable to equity holders 1.9 -78.3 > -100 % Earnings per share (EUR) 0.14 -6.03 > -100 % Vienna, February 16, 2021  – Revenues totaled EUR 384 million in the first three quarters of 2020/21, which represents a decline of 30% or EUR 161 million. EUR 75 million of this amount is attributable to major projects that ended in the previous year: one in Germany (early termination of the implementation project by the customer due to a decision by the European Court of Justice), one in the Czech Republic (operating contract expired), and one in Bulgaria (completion of the implementation of a nation-wide toll system). In North America, the focus was on completing and restructuring existing projects. In addition, project margins had to be adjusted in the USA. This not only had negative effects on the EBIT but also, and in a large extent, on revenues. Finally, the various measures adopted to slow the spread of COVID-19 also led to a substantial decline in demand and revenues: In the Electronic Toll Collection (ETC) segment, they were major drivers behind the decline of EUR 28 million or around one-third in component revenues. Implementation revenues also fell by EUR 71 million. The operating result (EBIT) went from EUR 8 million in the previous year to EUR -89 million in the current reporting period. The following special effects in particular were responsible for this development in the current financial year: Adjustment of project margins and provisions for onerous contracts, particularly for projects in North America: EUR -50 million. Impairments of goodwill: EUR -21 million (corresponds to the figure in H1 2020/21). Provision for lawsuit in the USA: EUR -8 million. Operating currency effects: EUR -11 million (net).   The financial result in the first three quarters of 2020/21 amounted to EUR -10 million (previous year: EUR -5 million). This was primarily due to the net interest loss of EUR 3 million and unrealized foreign exchange losses in the amount of EUR 5 million (net). Income taxes were positive at EUR 18 million (previous year: EUR -1 million). The result for the period attributable to equity holders of the company after nine months totaled EUR -78 million (previous year: EUR 2 million). This equates to earnings per share of EUR 6.03 (previous year: EUR 0.14). As of December 31, 2020, the net debt amounted to EUR 183 million (March 31, 2020: EUR 176 million). The equity ratio was at 18% (March 31, 2020: 25%). The balance sheet total fell to EUR 614 million (March 31, 2020: EUR 727 million). Free cash flow of EUR 1 million after three quarters was substantially better than in the comparative period of the previous year (EUR -20 million). Net CAPEX totaled EUR 2 million (previous year: EUR 9 million). And even though we are seeing the first signs of success from our efforts to make the company more efficient, focused, agile, and profitable over the long term, we still have a hard road ahead of us. The management is examining structures, processes, and expenditures throughout the entire organization. Many necessary restructuring measures have already been implemented, while others have been introduced, and a few are still outstanding. Naturally, this is often connected with additional costs in the short term. The Executive Board assumes that these will be reflected for the most part in the current financial year’s result. Therefore, it is quite possible that, with revenues of somewhat more than EUR 500 million, the negative EBIT in the 2020/21 financial year could exceed the EUR 100 million threshold. Segment results. In the first three quarters of 2020/21, 73% of revenue was generated by the ETC segment and 27% by the IMS segment. 53% of revenue was generated in the region EMEA (Europe, Middle East, and Africa), 42% in the region Americas (North-, Central- and South America), and 5% in the APAC (Asia-Pacific) region. ETC (Electronic Toll Collection). Unless otherwise stated, all values in EUR million Q1-Q3 2019/20 Q1-Q3 2020/21 +/- Revenues 420.1  279.6 -33.5 % EBIT 18.5  -79.7 > -100 % EBIT margin 4.4 %  -28.5 % -32.9 %p In the first three quarters of 2020/21, ETC revenues reached EUR 280 million (-33%). As mentioned above, the comparative period included revenues of major projects which have come to an end in the meantime. Implementation and component revenues fell by EUR 100 million. A good portion of this decrease is a consequence of the international measures adopted to slow the spread of COVID-19. ETC-EBIT amounted to EUR -80 million (previous year: EUR 19 million). EBIT margin was at -28% (previous year: 4%). In the first three quarters 2020/21 Kapsch TrafficCom sold 7.5 million on-board units (previous year: 10.1 million).   IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million Q1-Q3 2019/20 Q1-Q3 2020/21 +/- Revenues 125.3  104.9 -16.3 % EBIT -10.9  -9.3 14.2 % EBIT margin -8.7 %  -8.9 % -0.2 %p In the first three quarters of 2020/21, segment revenues reached EUR 105 million. (-16%). The IMS EBIT was EUR -9 million and thus better than in the previous year (EUR -11 million). The now completed departure of the United Kingdom from the EU (Brexit) had no significant impact on Kapsch TrafficCom’s results. Revenues there were in the single-digit million range during the first three quarters of 2020/21. The highlights report of the first three quarters 2020/21 as well as further materials will be available at www.kapsch.net/ktc/ir/downloadcenter .

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12. February 2021
Kapsch TrafficCom to supply the first multi-lane free-flow (MLFF) toll collection system in France for highway concessionaire APRR.

Paris/Vienna, February 12, 2021 – Kapsch TrafficCom was awarded a framework contract by APRR regarding the supply, implementation and technical operations of MLFF tolling systems. This will improve traffic flow and decrease the environmental impact on the RCEA highway. APRR, highway concessionaire of the Eiffage Group, is the second largest French concessionaire operating around 2,300 kilometers of highway. Employing 3,500 people, APRR manages a yearly turnover of around 2.4 billion euros. Recently, the ALIAE consortium (Eiffage’s group concession) has been awarded the A79 highway (formerly RCEA – Route Centre Europe Atlantique ). In this context, APRR will deploy and operate a MLFF tolling system supplied by Kapsch TrafficCom. The new highway will open to traffic in 2022. Improved traffic flow and less environmental impact. From the end-user point of view, the MLFF system allows travel time and fuel consumption to decrease as drivers do not need to stop at plazas anymore. The automatic toll collection system is also an efficient and secure mean of payment without physical interaction. For the concessionaire, implementing a MLFF system improves the throughput of the highway, reduces the number of incidents and, above all, allows to decrease the environmental impact of the tolled road. After a pilot phase where APRR had tested the performances of several MLFF technologies provided by different companies, APRR chose Kapsch TrafficCom as industrial partner in the deployment of its first multi-lane free-flow system projetcs. “This is a great success for us, showing that we are best in class in terms of performances and value for money. We are proud to start an exciting long-term partnership with APRR,” says Nathalie Leboucher, Senior Vice President Sales Western Europe, Middle East & Africa at Kapsch TrafficCom. Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion. Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems. As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731.2 million.

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10. February 2021
Greece stops “unfair” tolling on the motorway.

Europe´s first Pay-as-you-go tolling system on the A8 motorway Athen-Patras Athens, Vienna. February 10, 2021 – Greece is the first country in the European Union to operate an electronic toll system in which car drivers are only charged for actual kilometers driven on the motorway. The new “Hybrid Multi-Lane Toll System” from Kapsch TrafficCom supplements the unpopular existing payment system that charges drivers for an entire section of road, even if they exit after the first toll barrier. “Kilometer-based toll billing is the future” says Michael Weber, Strategic Sales Manager of Kapsch TrafficCom. “The European Union sees traditional section payment as an unfair phase-out model and is pushing to charge only for actual kilometers driven. This method will be mandatory for new toll routes and a recommended feature for existing toll routes. This means that the changeover on the A8 motorway from Athens to Patras in December 2020 is not only groundbreaking for Greece, but is likely to set a precedent throughout the EU.” To use the new service, cars will be equipped with on-board units that attach to the vehicle’s interior windshield . When the car enters a toll checkpoint, the system will automatically debit the toll costs from the owner's customer account and the barrier will open to allow the vehicle onto the highway. As soon as the vehicle exits the route, any overpaid costs for the entire section will be credited back to the driver's account in a mileage-based billing transaction. Reduced emissions and improved traffic flow. Civic leaders of cities and towns along the Athens-Patras motorway have lobbied for the introduction of the hybrid multi-lane toll system. The reason is that motorists wanting to avoid the cost of an entire stretch of motorway 8 stayed on roads going through towns, which resulted in a considerable noise and emissions burden. Mileage-based charging with the new system now provides a rebate solution in which overpaid road use is credited according to the actual exit chosen. Drivers have a new incentive to use the motorway. “Other toll routes in Greece, as well as in other countries such as Spain or Italy, are likely to follow the example of the new 'Hybrid Multi-Lane Toll System',” says Michael Weber. “The billing technology not only ensures that costs are charged fairly in line with European Union recommendations, but can also be expanded to include additional services. For example, it is possible to set the toll for vehicles according to different environmental standards: e-vehicles would pay less than gasoline or diesel, for example.” Video “Kilometer toll” in Greece: www.youtube.com/watch?v=0xNaF0r8-S4 Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion. Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems. As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731.2 million.

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18. January 2021
Kapsch TrafficCom Group was awarded the technical operation of Bulgaria’s toll systems.

For a period of five years, Kapsch Traffic Solutions, a consortium of various Kapsch TrafficCom Group companies, is in charge of the technical operation of the passenger vehicle e-vignette system and the electronic truck toll system in Bulgaria. The award follows a public tender which saw Kapsch Traffic Solutions as the best bidder. The technical operation comprises the maintenance of all hardware and software as well as the operation of the data centers. The total project volume amounts to about EUR 60 million. Kapsch Traffic Solutions built and implemented the current passenger vehicle e-vignette system and the electronic truck toll system in Bulgaria. They were finalized and handed over to the state in 2019 and 2020, respectively. Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion. Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems. As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731.2 million.

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11. January 2021
Kapsch TrafficCom – two major projects extended and an additional contract.

Two major operations projects in the tolling segment have been extended at similar conditions: The South African National Roads Agency (SANRAL) requested an extension of the contract by 12 months, i.e., until December 2021. The revenues per month will be at around EUR 3.7 million. The current contract to support the operation of the nation-wide electronic toll system in Poland is scheduled to expire in the first week of February. Kapsch TrafficCom has been awarded a further extension of the contract by five months, e.g., until early July 2021. The revenues per month will be stable at around EUR 2.4 million. In Poland, Kapsch TrafficCom has also been awarded the provision of direct distribution services with regard to the new satellite-based toll system (Global Navigation Satellite Systems, GNSS). This system is still to be built and implemented. Then, Kapsch TrafficCom will be in charge of the implementation and provision of customer services. They include the registration and activation of truck’s external location system units or truck drivers’ smartphones in the system as well as the distribution of on-board units. Kapsch TrafficCom will also increase the number of distribution points. The project start is aligned with the start of the new toll system. The contract has a term of 24 months with a total volume of up to about EUR 30 million. Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion. Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems. As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731.2 million.

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18. December 2020
Kapsch TrafficCom has sold its interest in Q-Free ASA.

Kapsch TrafficCom held a 15.4% interest in Q-Free ASA (Q-Free), a provider of intelligent transportations services from Norway. Because the stake has become non-strategic, it has been for sale for a while. By selling over the stock exchange and, eventually, over-the-counter block trades the stake could be divested at an average price of about NOK 4.73 per share. In addition to a cash inflow of more than EUR 5 million, this transaction has a positive impact on the financial result of Kapsch TrafficCom and reduces the financial risks of the company. Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion. Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems. As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731.2 million.

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