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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
13. August 2020
Kapsch TrafficCom V2X Technology Enables Future Connectivity and Protects Infrastucture Investment.

Kapsch TrafficCom (Kapsch) is the first manufacturer to submit its RIS-9260 roadside unit (RSU) for dual-use certification by the OmniAir Consortium, the global industry association promoting interoperability and certification for intelligent transportation systems, tolling, and connected vehicles. The Kapsch RIS-9260 is used in connected vehicle (V2X) applications and can operate within either or both the DSRC and C-V2X protocols as dual-mode/dual active. It is already OmniAir-certified for DSRC operation. The Kapsch dual-mode/dual-active RSU offers customers a versatile product that can be implemented in a variety of urban or highway applications including vehicle priority, pedestrian or driver warning systems, and wrong-way driving alerts. The dual-mode/dual-active capabilities protect customer investment against future FCC regulation changes by accommodating V2X connectivity regardless of the underlying radio protocol. They also enable automotive OEMs the ability to choose which short-range radio communication to use. The RIS-9260 has already been successfully deployed in the United States and Canada. In Calgary, Alberta the units are used at 12 intersections in the city’s downtown metropolitan area, where they pair with emergency vehicle (EV) on-board units to trigger green traffic lights when EV sirens are active. This allows the EVs to speed through the cleared intersections and save vital time, and in some cases, ultimately lives. In Florida, the RIS-9260 is deployed in the state’s District 7 Pinellas County Signal Phase and Timing (SPaT) Corridor at 23 signalized intersections and two onsite installs on the Florida Department of Transportation campus. The RSUs correspond with Kapsch in-vehicle on-board units and the Kapsch corridor management software to provide emergency vehicle preemption, transit signal priority, basic safety message collection, and to facilitate the eWalk pedestrian safety application. Additionally, in 2018 Kapsch installed 100+ RIS-9260 units along the I-70 Mountain Corridor highway in Colorado to support the world’s first dual-mode V2X deployment. The units were tested with snow plows and test vehicles to demonstrate safety and mobility use cases largely standardized by SAE J2735 and SAE J2945. This was a joint collaboration with Panasonic, Qualcomm, Ford, and the Colorado Department of Transportation to productize C-V2X while also proving the viability of dual-mode functionality and capabilities. Kapsch is a provider of intelligent transportation systems that have been implemented in traffic scenarios around the world. Its V2X technologies provide the technical infrastructure that enable critical safety and mobility applications, leading to optimized transportation operations. They integrate with the comprehensive Kapsch product portfolio which includes tolling, traffic management, and safety and security applications. “Our V2X products offer our customers a comprehensive range of potential connected vehicle solutions and applications,” said Chris Murray, president of Kapsch TrafficCom North America. “This variety is enhanced by the versatility of our dual-mode technology, which protects customer investment and ensures additional V2X integrations that will continue to develop in the future.” 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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12. August 2020
Kapsch TrafficCom – Results for the first quarter 2020/21.

Highlights. Termination of several major projects, an ongoing personnel shortage in North America and additional expenses for the implementation of new software lead to a decline in revenues and earnings. No dividend for 2019/20. Program launched to reduce costs and increase efficiency. Still too many uncertainties for quantitative outlook on full year 2020/21. “We are currently in a period of weakness. However, I am convinced that we are taking the right steps to quickly put the company back on the road to success“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2019/20 Q1 2020/21 +/- Revenues 186.2  138.5 -25.6 % EBIT 4.6  -11.3 > -100 % EBIT margin 2.4 %  -8.2 % -10,6 % Profit for the period  2.4 -10.0 > -100 % Earnings per share (EUR) 0.19 -0.77 > -100 % Vienna, August 12, 2020  – The final earnings for the first quarter of financial year 2020/21 published today by Kapsch TrafficCom hardly differ from the anticipated revenues and operating profit (EBIT) announced on July 24, 2020. Revenues decreased by approximately 26% to EUR 138 million in Q1. This decline is mainly due to developments in the EMEA region (Europe, Middle East, Africa). Last year, revenues still included projects that have been completed in the meantime: two projects for the German infrastructure charge, the operation of the nation-wide toll system in the Czech Republic and the implementation of the nation-wide toll system in Bulgaria. This alone explains a drop in revenues of around EUR 38 million. In South Africa, the COVID-19 situation in particular led to a drop in revenues of EUR 6 million. By contrast, revenues continued to rise in the Americas region (North, Central, and South America). The critical factor here was the strong implementation business. In the APAC region (Asia-Pacific), revenues fell by 7%. The EBIT was at EUR -11 million (previous year: EUR 5 million). It has not yet been possible to compensate for the loss of profitable major projects. At the same time, the company has not yet been able to adapt its cost base to the new circumstances. The implementation of new software in individual customer systems continued to result in additional costs. The difficult situation with staff in North America has also hurt profitability. In Q1 2020/21, Kapsch TrafficCom achieved earnings for the period attributable to equity holders of EUR -10 million (previous year: EUR 2 million). This corresponds to earnings per share of EUR -0.77 (previous year: EUR 0.19). Free cash flow was very negative at EUR 27 million. More than EUR 20 million of this amount resulted from changes in working capital. In particular, trade payables were reduced, which caused the balance sheet to decline. Total assets fell to EUR 677 million as of June 30, 2020 (March 31, 2020: EUR 727 million) and the net debt rose to EUR 205 million (March 31, 2020: EUR 176 million). The equity ratio increased slightly to 26% (March 31, 2020: 25%). In anticipation of a difficult financial year, Kapsch TrafficCom has launched a program to both define short-term cost reduction measures and to create the basis for sustainable growth. The goals include sustainable cost reductions in the double-digit million range and the cushioning of negative factors influencing earnings in the current financial year. The first measures are already being implemented and more will follow. As a sign of how seriously management takes this program, the members of the Executive Board and the 15 executives on the Global Leadership Team are waiving 10% of their fixed salary for at least six months. It is not yet possible to quantify the effects of COVID-19 on the business. In individual cases, there are delays within projects and in tenders. Moreover, visibility for the second half of the financial year remains low. For this reason, and due to the weak Q1 results, the Executive Board is stepping away from the original dividend proposal (EUR 0.25 per share) and will not be proposing a distribution at the Annual General Meeting on September 9, 2020. From today’s point of view, management expects profitability for financial year 2020/21 to be significantly better than in the previous year. Based on the performance in Q1, achieving a positive EBIT is expected to be much more challenging than originally anticipated, given the low visibility and uncertainties surrounding COVID-19. Segment results. In Q1 2020/21, 77% of the revenues were attributed to the ETC segment and 23% to the IMS segment. 48% of revenues were generated in the Europe, Middle East, and Africa (EMEA) region, 47% in the Americas region (North, Central, and South America), and 5% in the Asia-Pacific (APAC) region. ETC (Electronic Toll Collection). Unless otherwise stated, all values in EUR million Q1 2019/20 Q1 2020/21 +/- Revenues 147.0  106.0 -27.9 % EBIT 7.6  -8.9 > -100 % EBIT margin 5.2 %  -8.4 % -13.6 % In Q1 2020/21, ETC revenues fell to EUR 106 million (-28%). ETC EBIT was EUR -9 million (previous year: EUR 8 million). The EBIT margin reached -8% (previous year: 5%). IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million Q1 2019/20 Q1 2020/21 +/- Revenues 39.1  32.5 -17.0 % EBIT -3.1  -2.5 20.1 % EBIT margin -7.9 %  -7.6 % 0.3 % In Q1 2020/21, segment revenues totaled EUR 32 million (-17%). IMS EBIT was at EUR -2 million and thus better than the figure of the previous year (EUR -3 million). The highlights report of the first quarter 2020/21 as well as further materials will be available at www.kapsch.net/ktc/ir/downloadcenter .

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23. July 2020
Kapsch TrafficCom – Republic of Belarus to improve road safety and traffic flow.

Contract awarded to Austria´s Kapsch TrafficCom New Traffic and Road Safety Coordination Center Minsk/Vienna. July 23, 2020  – Republican Unitary Enterprise Minskavtodor-Center (RUE Minskavtodor-Center) has selected a joint venture of Kapsch TrafficCom Transportation S.A.U. and Kapsch TrafficCom AG to design, implement and maintain the new Traffic and Road Safety Coordination Center (TRSCC) and to deliver various Intelligent Transportation System (ITS) components in an international public tender held within a Transit Corridor Modernization Project and financed by the World Bank credit funds. The creation of the Traffic and Road Safety Coordinaton Center is a major step forward to a purposeful and structured deployment of ITS technologies in the road sector of Belarus. Within the awarded contract Kapsch will provide an intelligent mobility system and will be responsible for all project stages, from the detailed design to the training of staff and maintenance of the TRSCC. Besides, Kapsch will implement additional ITS equipment (cameras, traffic detectors, etc.) in several road sections. “We are really proud of being chosen by Belarus side as a partner to make another important nationwide project happen,” says Michael Gschnitzer, VP Stategic Sales, Kapsch TraficCom. “The new TRSCC will improve the safety, traffic flow and road users satisfaction. This project is a further success story and underlines the commitment of Kapsch in Belarus, where we have already proven to be a reliable partner with the implementation and operation of the Nationwide Electronic Toll Collection System (ETC-System ‘BelToll’).” Real-time traffic data to improve road safety. The creation of this new innovative system provides a broad set of functionalities for the management of interurban traffic and road infrastructure. The system automates the collection and visualization of real-time traffic data, allowing operators to detect and respond to dangerous road conditions, congestion, incidents, and emergency situations. The information can then be quickly disseminated to drivers, road maintenance teams and interested stakeholders. The system also enables the easy integration and operation of current and future ITS equipment into the TRSCC and provides the interoperability of traffic control systems. 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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16. June 2020
Kapsch TrafficCom – Results for financial year 2019/20.

Highlights. Despite the loss of two major projects (nation-wide toll system in the Czech Republic and infrastructure charge in Germany), revenues were just slightly below the previous year’s level. Significant one-time effects and operative challenges that resulted in huge costs led to a negative EBIT. Positive EBIT excluding one-time effects. Positive free cash flow. Dividend proposed to the AGM: probably EUR 0.25 per share. “2019/20 was a cursed year. We encountered more challenges than in previous years, and some of these challenges were rather unusual. It is not currently possible to quantify the effects of COVID-19 on our business. We only see a slight effect at present; however, things are being postponed in a few regions. I anticipate that 2020/21 will be better than the previous financial year and that we will manage to generate a clearly positive EBIT again“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million FY 2018/19 FY 2019/20 +/- Revenues 737.8  731.2 -0.9 % EBIT 57.0  -39.2 > -100 % EBIT margin  7.7 %  -5.4 % -13,1 % Profit for the period attributable to equity holders 47.8 -48.1 > -100 % Earnings per share (EUR) 3.68 -3.70 > -100 % Vienna, June 16, 2020  – The final earnings for financial year 2019/20 published today by Kapsch TrafficCom hardly deviate from the anticipated revenues and operating result (EBIT) announced on April 20, 2020. The Group revenues went down by about one percent to EUR 731 million. The operating result (EBIT) was EUR -39 million. (previous year: EUR 57 million), corresponding to an EBIT margin of 5% (previous year: 8%). The EBIT included about EUR 40 million of one-time effects. In addition, the profitability of the Group was burdened by operational issues, mainly the following two developments: The significant need for personnel in North America meant that sufficient capacities were not available for realizing projects normally. It should not be forgotten that the many new employees often need to first be trained by experienced colleagues. This means that productivity will fall along with a simultaneous increase in costs until it is possible to achieve the full potential of the expanded team. This must be partly compensated by outsourcing. It is therefore understandable that profitability of the Group will suffer temporarily.   Considerable additional expenses for the demanding implementation of new software in existing customer systems led to significant cost over-runs.   In 2019/20, the financial result amounted to EUR -23 million (previous year: EUR -2 million). This amount included losses from foreign currency of EUR -9 million (previous year: EUR -5 million). Moreover, the shares in Q-Free ASA, Norway, had to be written down (due to the decline of the stock price) by EUR 6 million. Income taxes amounted to EUR 8 million (previous year: EUR -8 million). Consequently, the earnings attributable to the shareholders of the company were significantly negative at EUR -48 million (previous year: EUR 48 million). This corresponds to earnings per share of EUR -3.70 (previous year: EUR 3.68). Despite the negative earnings for the period, the balance sheet total went up by 8% to EUR 727 million. The crucial factor for this was the capitalization of leasing liabilities due to the initial application of IFRS 16. For this reason and due to the negative earnings contribution, the equity capital ratio fell to 25%. Net debt reached EUR 176 million (March 31, 2019: EUR 73 million). This corresponds to a debt ratio of 96% (March 31, 2019 adjusted: 29%). The increase in the net debt resulted primarily from the initial application of IFRS 16, the increase in financial liabilities, the negative cash flow from investing activities, and the dividend payment (about EUR 20 million). Without the application of IFRS 16, the net debt would have been EUR 112 million, with a debt ratio of 61%. The net working capital amounted to EUR 168 million as of March 31, 2020 (March 31, 2019: EUR 193 million). This development was the main reason for Kapsch TrafficCom’s positive free cash flow of EUR 2 million in financial year 2019/20. Segment results. The ETC segment accounted for around 77% of total revenues in financial year 2019/20; the IMS segment for around 23%. 55% of the total revenues was generated in the Europe, Middle East, Africa (EMEA) region, 40% in the North, Central and South America (Americas) region, and 5% in the Asia Pacific (APAC) region. ETC (Electronic Toll Collection). Unless otherwise stated, all values in EUR million FJ 2018/19 FJ 2019/20 +/- Revenues 558.4  563.5 +0.9 % EBIT 64.9  1.5 -97.7 % EBIT margin 11.6 %  0.3% -11.4 % In financial year 2019/20 ETC revenues reached EUR 563 Mio. (+1%). The largest contribution to revenues at EUR 315 million (previous year: EUR 334 million) was once again generated in the EMEA region. Revenues in the Americas region increased substantially to EUR 221 million in the past financial year (+27%). In the APAC region, there was a decline in revenues from EUR 50 million to EUR 27.0 million relative to the comparable period of the previous year. This is primarily due to the decline in implementation revenues. The EBIT of the ETC segment was at EUR 1 million (previous year: EUR 65 million). The EBIT margin was slightly positive (previous year: 12%). This sharp decline is largely due to the higher cost of materials and other production services as well as due to higher staff costs. This related, in particular, to the Americas region where the volume of implementation projects increased sharply. Impairments, high legal and consulting fees as well as compensation for non-acceptance of financing due to early termination of the projects for the German infrastructure charge (passenger vehicle toll) had a negative impact on the segment’s EBIT of roughly EUR 8 million. In addition, one-time expenses of about EUR 2 million occurred in connection with the end of the toll project in the Czech Republic. In financial year 2019/20, Kapsch TrafficCom sold 13.2 million on-board units (previous year: 13.5 million). IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million FY 2018/19 FY 2019/20 +/- Revenues 179.4  167.7 -6.5 % EBIT -7.9  -40.7 -413.5 % EBIT margin -4.4 %  -24.2 % -19.8 % In financial year 2019/20 IMS revenues reached EUR 168 Mio. (-7%). This was mainly due to lower revenues from operations projects and components. Although the majority of the IMS projects were profitable, EBIT in the IMS segment totaled EUR -41 million in financial year 2019/20 (previous year: -8 million). Mainly one-off effects were responsible for these negative earnings. Impairment charges and allowances on trade receivables and contract assets in connection with updated estimates for the IMS segment, in particular with regard to the future course of business in Zambia, amounted to EUR -27 million. The costs for the termination of the activities of Streetline, USA (intelligent on-street parking solutions) had an impact of EUR 3 million. Outlook. A large number of negative effects came together in the 2019/20 financial year. Many challenges have already been taken care of, and other economically burdensome factors are known: The personnel shortage in North America will presumably last until the end of 2020. Additional expenses for the implementation of new software will probably be incurred up to the first half of the year. At the same time, the company is facing the challenge of making up for the loss of the nation-wide toll project in the Czech Republic – with a high revenue and result contribution – at the end of November 2019. In the US, Kapsch TrafficCom is currently rolling out a new mobility service that makes it possible to pay tolls using a cell phone. Development costs were already incurred for this in the last few years. The management plans to continue to invest in developing this service in the 2020/21 and 2021/22 financial years as well. In return, the management expects that this will contribute noticeably to revenues and results in the years to come. Because of the COVID-19 pandemic visibility, particularly with regard to invitations to tender, has come down. It is therefore too early to provide a quantitative outlook for the financial year 2020/21. The management anticipates that 2020/21 will be better than the previous year and that Kapsch TrafficCom will manage to generate a clearly positive EBIT again. The report on the fiscal year of 2019/20 along with other materials concerning the results will be available at www.kapsch.net/ktc/ir/downloadcenter .

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14. May 2020
Kapsch TrafficCom – After Corona: Austrians prefer to take their car rather than public transport.

Outlook: How mobility will change after corona pandemic 1,000 citizens in Austria surveyed on road traffic behavior Vienna. May 14, 2020  – Nearly 90 percent of motorists in Austria consider taking an alternative route to avoid traffic jams and congested roads. For only about half, using public transport is an option. This was the result of a survey conducted immediately before the outbreak of the Corona pandemic in March. Once Corona restrictions are finally lifted, public transport will likely be even less popular and traffic congestion will become even worse. For the "Kapsch TrafficCom Index" study, a representative sample of 1,000 citizens was surveyed by a market research institute in Austria. Drivers respond to traffic congestion by considering alternative routes (89 percent), avoiding non-essential travel (88 percent) or checking travel information before leaving (81 percent). In contrast, only 57 percent of all drivers could imagine leaving their car behind and using public transport instead. "We expect that public transport will be even less popular for getting from A to B after the Corona pandemic", says Gerd Gröbminger, Vice President Sales Kapsch TrafficCom. "Traffic management will have to deal with this as quickly as possible". Number of cars rose by 13.5 percent. Increasing traffic volumes and road congestion have been long-term developments preceding the Corona pandemic: a key driver has been the rise in the number of registered cars. The number of licensed cars in Austria rose to 5 million vehicles within ten years (2019) – an increase of around 0.6 million cars. "There are technical solutions available today to ensure smooth traffic flow in times of very high traffic volumes," says Gerd Gröbminger. "Traffic management is based on several pillars: In addition to more efficient resolutions of how to deal with disruptions, the aim is, for example, linking car-based IT to public traffic guidance systems, controlling traffic lights adaptively or selecting routes collaboratively." How to reduce congestion times by a quarter. As a first option the digital control of traffic lights should be considered. Experience shows that congestion times can be reduced by up to a quarter. The widespread use of SIM cards and vehicle-based GPS also makes it possible to obtain and use real-time traffic data from vehicles. This could significantly improve our understanding of the actual traffic situation on the roads, which in turn could help predict traffic jams. The benefits would be comparable to the introduction of satellites in meteorology, which improved weather forecasting, explains Gerd Gröbminger. Navigation stops working selfishly. The exchange of networked vehicle data paves the way for new navigation solutions. Currently route planners and guidance systems still work "selfishly" in that they ignore the responses of other motorists: to avoid traffic jams, the navigation systems suggest the same alternative route to all vehicles. In the future, public traffic control centers should suggest and optimize routes. The public administration's knowledge of road works, events or particular environmental pollution in certain areas can be taken into account when suggesting new routes to the benefit of the community. This allows demand to be controlled in advance ("predictive demand management"). About the survey “Kapsch TrafficCom index”. The Kapsch TrafficCom index was conducted with the support of a professional market research institute. A total of 9,000 representative participants in nine countries were asked their views on their current traffic situation, road congestion and strategies to improve traffic management: USA (N=1,000), Argentina (N=1,000), Chile (N=1,000), UK (N=1,000), Germany (N=1,000), Austria (N=1,000), France (N=1,000), Spain (N=1,000), Australia (N=1,000). Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways while helping to reduce pollution. Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom with headquarters in Vienna, has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

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29. April 2020
Kapsch TrafficCom Survey: What a new start on the roads after Corona looks like.

Car drivers want to travel quickly – not save the environment 1,000 Austrian citizens surveyed on road traffic behavior Vienna. April 29, 2020  – Traffic jams on Austrian roads are likely to return quickly after the Corona crisis. 79 percent of Austrian citizens are concerned about the negative environmental impact this might have. Faced with such increased congestion, as many are prepared to use a navigation app to choose their route. Surprisingly then, when selecting a route, environmental considerations are not a priority for the majority of drivers. Instead, almost 73 percent of respondents want a route that guarantees the shortest travel time. These are findings of the "Kapsch TrafficCom Index." 1,000 citizens representative of the population have been surveyed by a market research institute in Austria. The intelligent use of navigation devices offers opportunities to reduce road congestion and traffic jams. This technology could also help to achieve other desirable goals. For example, traffic planners could also factor in environmental impacts such as CO2 emissions in their route recommendations. The survey findings show that this would require a change in overall thinking, though: At present, the majority of drivers in Austria consider the shortest travel time (73 percent), the most reliable travel time (65 percent) or the shortest distance (61 percent) to be “important” or “very important” when selecting a route. And only 44 percent of the respondents consider routes with the lowest impact on the environment to be “important” or “very important”. "Smart navigation networks are a key technology for fundamentally reducing traffic jams and pollution on roads," says Gerd Gröbminger, Vice President Sales Kapsch TrafficCom. "The desire of drivers to use navigation tools to minimize travel times should be utilized by public planners. The aim is to offer digital traffic management solutions that take important societal goals into account. Environmental protection is one of these important targets that will improve our everyday life." For example, traffic light control systems, which automatically adapt to the current traffic situation, have already proven their effectiveness. Such signal control systems have been installed in the Spanish capital Madrid, where they reduced traffic jams by about 20 percent. The volume of traffic jams will be reduced even more significantly if car data is linked to the traffic control network. At the same time, CO2 emissions will fall and the traffic flow can be distributed more evenly over the road network via route recommendations. “These existing examples suggest that the situation on Austrian roads does not necessarily have to remain at an unsatisfactory level – we can do better,” says Gerd Gröbminger. About the survey “Kapsch TrafficCom index”. The Kapsch TrafficCom index was conducted with the support of a professional market research institute. A total of 9,000 representative participants in nine countries were asked their views on their current traffic situation, road congestion and strategies to improve traffic management: USA (N=1,000), Argentina (N=1,000), Chile (N=1,000), UK (N=1,000), Germany (N=1,000), Austria (N=1,000), France (N=1,000), Spain (N=1,000), Australia (N=1,000). Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways while helping to reduce pollution. Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom with headquarters in Vienna, has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

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21. April 2020
Car drivers fed up with congestion worldwide – Traffic Index study reveals.

In a time of no pandemic, people most concerned about air quality 9,000 citizens around the globe surveyed by Kapsch TrafficCom Vienna. April 21, 2020  – Due to the current pandemic, most roads around the world are nearly empty. But under normal circumstances car drivers in the Americas, Europe, and Australia are not at all satisfied with the traffic flow in their countries. Nearly 70 percent are especially unhappy about congestion in city centers during rush hours. The top three negative effects people complain about: the environment and air quality suffer, travel times rise, and stress levels increase. These are findings of the "Kapsch TrafficCom Index." 9,000 citizens representative of the population in 9 countries have been surveyed by a market research institute in the USA, Argentina, Chile, UK, Germany, Austria, France, Spain, and Australia. The citizens most concerned with air quality and the environment are located in Spain and Chile, where more than half of the survey participants say the impact of road congestion is very negative in this respect. With the exception of the United States and Australia, where stress levels and travel time bother drivers most, air quality and environmental degradation is the number one negative effect cited in all other surveyed countries. However, the harmful impacts of congestion do not necessarily lead drivers to change their habits in order to bring down pollution: when asked about their preferred routes, most drivers want to shorten travel time rather than finding an option with the lowest environmental impact. “When I drive, I prefer a route that has the shortest travel time,” claimed more than 60 percent of surveyed drivers. In the US, Austria, and Argentina more than 40 percent are strongly convinced that saving time should be the primary consideration in choosing a route. “Public authorities play a key role in traffic management of the future,” says Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom. “The COVID-19 pandemic, climate change, and the discussions on the future of mobility all illustrate the need to balance personal and community interests. The Kapsch TrafficCom Index shows us that drivers want to be more eco-friendly but need direction to help to counteract negative mobility effects for themselves and their communities.” Cities like Buenos Aires, Dallas, and Madrid already use digital technology to fight urban road congestion. With new traffic light control systems that automatically adapt signal timing to the current road situation, traffic jams can be reduced by around 25 percent. Kapsch TrafficCom has already installed such smart signal control systems in major cities around the world. About the survey “Kapsch TrafficCom index” The Kapsch TrafficCom index was conducted with the support of a professional market research institute. A total of 9,000 participants in 9 countries were questioned representative of each country´s population on their current traffic situation, road congestion and strategies to improve traffic management: USA (N=1,000), Argentina (N=1,000), Chile (N=1,000), UK (N=1,000), Germany (N=1,000), Austria (N=1,000), France (N=1,000), Spain (N=1,000), Australia (N=1,000). Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways while helping to reduce pollution. Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom with headquarters in Vienna, has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

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25. February 2020
City of Málaga and Kapsch sign agreement to test and develop latest demand and capacity management in urban traffic.

Vienna, February 25, 2020  – The cooperative agreement with Kapsch TrafficCom (Kapsch) will make Málaga the first city in Europe to test the latest dynamic signaling system and real-time traffic optimizer for the improvement of urban mobility. With a duration of two years and the possibility of two annual extensions, the pioneering projects will complement tests carried out in other European cities. "It is very satisfying for Málaga to be the first city in Europe to realise a project of this magnitude. The technology will optimise the city's traffic for the benefit of our citizens’ quality of life, resulting in less time in the car throughout their journey," said José Del Río, Málaga's Councillor for Mobility. "This project also reinforces Málaga's position as an urban laboratory for testing technological initiatives.” The main objective of the demand management project is to provide vehicle users with alternative routes, thereby reducing traffic saturation during peak periods or in the case of unforeseen events. Through a dynamic signaling system with variable message signs (VMS) and a new “virtual VMS” mobile application (developed by Kapsch), the most appropriate route advice will be displayed and indicated via audio in real-time to the driver of the vehicle when he arrives near a decision point. The system uses the information from the traffic light system for calculation and decision making to dynamically select the most recommended route in every situation. The development of the capacity management allows for the use of a real-time traffic optimizer, which dynamically modifies the duration of green areas on the route depending on the traffic conditions detected by the installed sensor system. "Public-private partnerships allow faster progress in the evaluation of innovative solutions for new mobility. The agreement we have signed enables the city of Málaga to be a showcase project for the use of demand and capacity management systems, which we will develop, implement and evaluate as part of a ground-breaking proof of concept in Europe", says Juan Marín, City Director Spain & Portugal Kapsch TrafficCom. The agreement does not provide for financial compensation by either party and will enable the City of Málaga, once the two developments have been implemented, to continue to include all the city's roads and receive free real-time information on the city's traffic situation through advanced navigation development. This will enable the city to offer citizens solutions to improve traffic and reduce emissions, as well as alternative routes for their journeys. Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways while helping to reduce pollution. Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom with headquarters in Vienna, has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

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18. February 2020
Kapsch TrafficCom – Results for the first three quarters of 2019/20.

Highlights. Revenues increased to EUR 545.5 million (+2%). EBIT dropped to EUR 7.7 million (previous year: EUR 33.6 million). One-off effects of EUR 10.6 million weigh on the EBIT. “The results have not met my expectations or what we have aimed for. We are currently experiencing a certain amount of upheaval as we move into a new phase of expansion. The business model is being extended in a way to address both existing and new customer groups with innovative solutions. The necessary investments have a direct influence on our profit and loss statement as we do not capitalize much. We will continue working purposefully. As soon as we have succeeded in rebuilding a solid staffing level in North America and recovered the usual high productivity we are accustomed to, as well as overcome the challenges in Africa, we will be able to enjoy profitable growth again,“ says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1-Q3 2018/19 Q1-Q3 2019/20 +/- Revenues 533.1  545.5 +2.3 % EBIT 33.6  7.7 -77.2 % EBIT margin 6.3 %  1.4 % -4.9 %p Profit for the period 21.9 0.2 -99.3 % Earnings per share (EUR) 1.77 0.14 -91.9 % Vienna, February 18, 2020  – Kapsch TrafficCom was able to increase the revenues of the first three quarters 2019/20 to EUR 545.5 million (+2.3%). Growth in the Americas region (North, Central and South America) was particularly noteworthy (+23.2%). The operating result (EBIT) reached EUR 7.7 million (-77.2%), corresponding to an EBIT margin of 1.4% (previous year: 6.3%). EUR 10.6 million of one-off effects weighed on the EBIT: EUR 5.9 million related to the German infrastructure charge topic, EUR 2.3 million to the ending of operations of the nation-wide toll system in Czech Republic, and EUR 2.4 to end Streetline’s business activities (smart on-street parking solutions). The lower profitability has to do with the growth of the North American business, among others. It has turned out to be more difficult than expected to recruit a sufficient number of new employees. In the first nine months of the year, we adopted a new recruiting strategy and were able to increase the number of employees in the USA (excluding the smart parking subsidiary Streetline) by around 110 to a total of 753. It should not be forgotten that the many new employees must often be trained by experienced colleagues. This means that productivity will fall and costs increase before it is possible to achieve the full potential of the expanded team. This must be partly compensated by outsourcing. It is therefore understandable that profitability of the Group will suffer temporarily. This situation will likely continue until well into financial year 2020/21. The number of employees should then reach a stable level and continue to grow at a “healthy” rate. In Zambia, regulatory issues persist. To limit the risk, Kapsch TrafficCom reduced its activities to a minimum a while ago. Kapsch TrafficCom is not aware of any company that has been able to demonstrate a sustainable and profitable business model in the area of smart on-street parking and curb management. This also applies to the Group company Streetline. Therefore, the management has decided to end the business activities of this company. The financial result of EUR -5.2 million was EUR 2.9 million below the previous year’s figure. The latter included a positive one-off effect in the amount of EUR 5.1 million from the sale of the stake in ParkJockey. The profit for the period amounted to EUR 0.2 million (previous year: EUR 21.9 million), which corresponds to earnings per share of EUR 0.14 (previous year: EUR 1.77). At EUR -19.8 million, free cash flow was much better than in the comparative period of the previous year (EUR -27.7 million). Net debt increased to EUR 190.2 million (March 31, 2019: net debt of EUR 73.5 million). Without the initial application of IFRS 16, it would have been EUR 125.2 million. The equity ratio was still satisfactory at 31.2% (March 31, 2019: 38.2%). The departure of the United Kingdom from the EU (Brexit), which has now actually taken place, should have no significant impact on results for Kapsch TrafficCom, as the local revenues there are in the single-digit million range. Segment results. In the first three quarters of 2019/20, 77.0% of revenue was generated by the ETC segment and 23.0% by the IMS segment. 56.2% of revenue was generated in the Europe, Middle East, and Africa (EMEA) region, 39.4% in the Americas region (North, Central, and South America), and 4.4% in the Asia-Pacific (APAC) region. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q1-Q3 2018/19 Q1-Q3 2019/20 +/- Revenues 406.9  420.1 +3.2 % EBIT 40.3  7.6 -54.0 % EBIT margin 9.9 %  4.4 % -5.5 %p Revenues in the “Electronic Toll Collection” (ETC) segment saw an increase of 3.2% to EUR 420.1 million. The driver was growth in the Americas region (+31.9%). In the EMEA region, revenues fell by 3.7%. Growth in the areas of implementation and components were not able to compensate for the decline in the area of operations. In the APAC region, revenues came down from EUR 35.0 million to EUR 18.6 million. ETC EBIT was EUR 18.5 million (-54.0%). The EBIT margin reached 4.4% (previous year: 9.9%). IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million Q1-Q3 2018/19 Q1-Q3 2019/20 +/- Revenues 126.1  125.3 -0.6 % EBIT -6.7  -10.9 -61.6 % EBIT margin -5.3 %  -8.7 % -3.3 %p In the first three quarters of 2019/20, segment revenues reached EUR 125.3 million (-0.6%). Revenues grew by 3.1% in the Americas and fell by 8.2% in the EMEA. In the APAC region, Kapsch TrafficCom increased IMS revenues strongly, starting from a low level. The IMS EBIT was EUR -10.9 million and thus below the value of the previous year (EUR -6.7 million). The highlights report of the first three quarters 2019/20 as well as further materials will be available at www.kapsch.net/ktc/ir/downloadcenter .

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