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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
9. April 2019
Kapsch TrafficCom secures new contract in Dominican Republic

Urban mobility management solution EcoTrafiXTM for the city of Santo Domingo Includes 17 months of implementation and four years of technical operation Contract win in collaboration with local partner EVOCON Vienna, April 9, 2019  – In a public tender, Kapsch TrafficCom and its partner EVOCON were selected to provide the comprehensive urban mobility management solution EcoTrafiXTM for the city of Santo Domingo, Dominican Republic. The contract was awarded by the local authority Instituto Nacional de Tránsito y Transporte Terrestre (INTRANT) and includes a 17-month period for the implementation (i.e. design and construction) of new infrastructure as well as four years of technical operation. Total contract value is approximately EUR 18 million and will be shared by consortium partners Kapsch (60%) and EVOCON (40%). The first part of the tender covers engineering, delivery, installation, testing, commissioning and the deployment of EcoTrafiXTM. This will include 100 new intersections, 2,200 new traffic lights, 40 CCTV cameras, 400 CVD vehicle detector cameras, variable message signs and control center equipment. Maintenance will cover 260 already existing intersections including traffic lights and CCTV, as well as the newly installed equipment. “This contract is enhancing our urban mobility management footprint in the Latin-American region”, explains André F. Laux, COO Kapsch TrafficCom. “Santo Domingo is the biggest metropolitan area in the Caribbean, which demands high requirements for mobility within the city. We are proud that our solution was chosen to help the city achieve a more efficient and safer mobility future.” 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 alike 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 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 currently has more than 5,200 employees, and generated revenue of approximately EUR 693.3 million in fiscal year 2017/18.

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21. February 2019
Results for the first three quarters of 2018/19.

Highlights. Record revenues in the third quarter Both segments with increased revenues in Q3, positive EBIT development However, better results were prevented by a write-down in the amount of EUR 4.0 million At the beginning of the fiscal year, deferments in existing projects led to a decline in revenues and EBIT After nine months: revenues 5.2% above the same period in the previous year, EBIT 4.9% below the same period in the previous year Outlook for the fiscal year: revenues above and EBIT at the previous year’s level “The third quarter of 2018/19 was very successful for Kapsch TrafficCom. We recorded the highest quarterly revenues in the history of the Group and were able to greatly increase profitability at the same time. New major orders in Germany, dynamic developments in US business and a new contract in Poland are only a few selected highlights“, according to Georg Kapsch, the CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 167.1  197.2 +18.1 % 506.9 533.1 +5.2 % EBIT 10.0  15.8 + 57.1 % 35.3 33.6 -4.9 % EBIT margin 6.0 %  8.0 % +2.0%p 7.0 % 6.3 % -0.7 %p Profit for the period 8.9 13.5 +52.5 % 22.9 21.9 -4.5 % Earnings per share (EUR) 0.70 1.07 +52.9 % 1.80 1.77 -1.9 % Vienna, February 21, 2019  – A very strong third quarter largely helped Kapsch TrafficCom make up for the disappointing results at the beginning of the fiscal year. The company generated revenues of EUR 533.1 million in the first three quarters of 2018/19 (+5.2% over the same period in the previous year). EBIT was EUR 33.6 million (-4.9%). After the first half of the year, EBIT was still 29.5% below that of the previous year. However, the write-down of a tax asset in Brazil in the amount of EUR 4.0 million prevented an even better outcome. The EBIT margin was 6.3% (previous year: 7.0%). The financial results in the first three quarters of 2018/19 amounted to EUR -2.3 million and improved by EUR 1.8 million over the previous year. A positive one-off effect from the sale of the minority interest in the US company ParkJockey (EUR 5.1 million) was neutralized by negative foreign currency effects, especially in connection with the South African Rand (EUR -5.3 million). Tax expenses amounted to EUR 9.4 million (previous year: EUR 7.7 million). Profit for the period of Q1-Q3 2018/19 was EUR 21.9 million (previous year: EUR 22.9 million), which corresponds to earnings per share of EUR 1.77 (previous year: EUR 1.80). At EUR -32.7 million, the free cash flow was significantly below the previous year’s level of EUR +40.6 million. This was primarily due to higher receivables and inventories. Due to the negative free cash flow and the payout of dividends (EUR 19.5 million), net debt increased to EUR 42.9 million (March 31, 2018: net cash of EUR 16.2 million). This represents a gearing of 18.3%. The equity ratio remained strong at 37.1% (March 31, 2018: 37.0%). Segment results. In the first nine months of 2018/19, 76.3% of revenues were generated by the ETC segment and 23.7% by the IMS segment. 60.3% of the revenues were generated in the region Europe-Middle East-Africa (EMEA), 32.8% in the region Americas (North America and South America) and 6.9% in the region Asia-Pacific (APAC). ETC (Electronic Toll Collection). unless otherwise stated,  all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 126.1  144.8 +14.8 % 386.9 406.9 +5.2 % EBIT 9.7  15.5 + 59.3 % 41.8 40.3 -3.6 % EBIT margin 7.7 %  10.7 % +3.0%p 10.8 % 9.9 % -0.9 %p Kapsch TrafficCom increased its revenues in the ETC segment to EUR 144.8 million in the third quarter of 2018/19, which is 14.8% greater than over the same period in the previous year. The EBIT margin reached 10.7% and was three percentage points above that of the previous year. In the first three quarters of 2018/19, ETC revenues rose to EUR 406.9 million, an increase of 5.2% over the same period in the previous year. The company managed to more than offset a decline in revenue in the EMEA region (-5.9%) by a rise in revenue in the Americas (+25.4%) and APAC (+46.6%) regions. ETC EBIT was at EUR 40.3 million and thus EUR 3.6% lower than in the previous year. This decline was mainly due to the weak results in the opening months of this fiscal year. Kapsch TrafficCom sold 10.58 million on-board units during the first nine months (previous year: 9.73 million). IMS (Intelligent Mobility Solutions). Unless otherwise stated,  all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 41.0  52.4 +28.0 % 120.0 126.1 +5.2 % EBIT 0.3  0.3 -9.3 % -6.5 -6.7 -3.4 % EBIT margin 0.8 %  0.6 % -0.2 %p -5.4 % -5.3 % +0.1 %p IMS revenues climbed to EUR 52.4 million in the third quarter of 2018/19, an increase of 28.0% over the previous year. At EUR 0.3 million, EBIT was again positive. In the first three quarters of 2018/19, segment revenues rose by 5.2% to EUR 126.1 million. This was thanks to the Americas (+10.0%) and EMEA (+4.2%) sales regions. It was only in the APAC region that revenues dropped from EUR 3.9 million to EUR 1.9 million. IMS EBIT was at EUR -6.7 million and thus at the same level as in the previous year (EUR -6.5 million). Outlook. Based on the results for the first three quarters of 2018/19, Management expects revenues to increase in the current fiscal year. EBIT (excluding currency and special effects) is expected to reach the previous year’s level. The departure of the United Kingdom from the EU (Brexit) in the spring of 2019 should have no significant impact on Kapsch TrafficCom's results, as the company’s local revenues there are in the single-digit million range. The report on the first three quarters of 2018/19 along with other materials concerning the results will be available at: www.kapsch.net/ktc/ir/downloadcenter . 

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21. November 2018
Results for the first half of 2018/19.

Highlights. Second quarter 2018/19 sequentially much better, but weaker year-on-year Deferments in certain projects had an impact on revenues and EBIT By the end of the fiscal year, decisions on the awarding of further major projects are expected Outlook confirmed: Revenues and EBIT at previous year‘s level “After disappointing first three months we managed to achieve a significant improvement in the second quarter of the current fiscal year. That we are heading in the right direction is also demonstrated by the various new orders that we have announced in the last few weeks. And we are working hard to report further major successes by the end of the fiscal year“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H1 2018/19 +/- Revenues 175.6 177.6   +1.2% 339.8 335.8   -1.2% EBIT   13.5   10.7 -21.1%   25.3   17.8 -29.5%     EBIT margin        7.7%        6.0%     -1.7%p        7.4%        5.3%     -2.1%p Profit for the period    7.5    5.9 -21.0%   14.1     8.4 -40.4% Earnings per share (EUR)       0.58       0.49 -15.7%       1.10       0.70 -36.8% Vienna, November 21, 2018  – In the first half of the current fiscal year, Kapsch TrafficCom’s revenues reached EUR 335.8 million, an amount slightly (-1.2%) below the previous year’s level. The EBIT amounted to EUR 17.8 million (-29.5%) and the EBIT margin decreased from 7.4% to 5.3%. Like the first quarter as a whole, the beginning of the second quarter was still influenced by deferments within existing implementation projects (ETC segment). After a traditionally calm August, a good September helped us achieve quarterly revenues 12.3% above the figure for the first three months of the fiscal year and at the level of the comparable quarter of the previous year. The result from operating activities (EBIT) rose sequentially by 50.3%, but was EUR 2.9 million lower than in the second quarter 2017/18. The financial result in the first half of 2018/19 remained stable compared with the same period of the previous year. Tax expenses fell to EUR 3.6 million (previous year: EUR 4.7 million) due to the lower pre-tax earnings. In the first half of 2018/19, the profit for the period amounted to EUR 8.4 million (previous year: EUR 14.1 million), which corresponds to earnings per share of EUR 0.70 (previous year: EUR 1.10). The free cash flow of EUR -16.9 million (previous year: EUR -1.0 million) reflected the weaker operating results and the more than double increase in working capital. As a consequence of this and due to the dividend distribution of EUR 19.5 million, net debt rose to EUR 31.7 million (March 31, 2018: net cash of EUR 16.2 million). This corresponds to a gearing ratio of 14.4%. The equity ratio remained strong at 35.9% (March 31, 2018: 37.0%). The balance sheet total amounted to EUR 614.6 million (March 31, 2018: EUR 621.1 million). Segment results. In the first half of 2018/19, 78.1% of the revenues were attributed to the ETC segment and 21.9% to the IMS segment. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H1 2018/19 +/- Revenues 137.4 142.6 +3.8% 260.7 262.1   +0.5% EBIT   17.4   17.8 +2.2%   32.1   24.8 -22.7%     EBIT margin      12.7%      12.5%    -0.2%p      12.3%        9.5%     -2.8%p In the second quarter 2018/19, Kapsch TrafficCom succeeded in increasing ETC-revenues by 19.2% compared with the first three months to EUR 142.6 million. The EBIT margin reached 12.5% and was at previous year’s level. In the first half of the year, ETC revenues rose by 0.5% to EUR 262.1 million. Kapsch TrafficCom managed to offset an 9.0% decline in revenues in the EMEA region by a rise in revenues in the Americas (+17.7%) and APAC (+44.0%). Primarily as a consequence of the relatively weak results of the first quarter, the ETC-EBIT of EUR 24.8 million was 22.7% lower than in the previous year. In the first half of 2018/19, Kapsch TrafficCom sold 6.77 million on-board units (previous year: 5.85 million). IMS (Intelligent mobility solutions). Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H! 2018/19 +/- Revenues 38.2 35.0   -8.2% 79.1 73.7 -6.8% EBIT  -3.9  -7.1 -83.0%  -6.8  -7.0 -2.8%     EBIT margin   -10.2%   -20.4%   -10.2%p     -8.6%     -9.5%   -0.9%p In the second quarter 2018/19, IMS-revenues fell to EUR 35.0 million (-9.3% compared to the first three months). After a slightly positive EBIT in the first quarter (EUR 0.1 million), the company had to accept an operating loss of EUR 7.1 million in this segment in the second quarter. The segment’s revenues for the first half of 2018/19 amounted to EUR 73.7 million (-6.8%). Decreases in revenues were recorded in all regions. While operations revenues increased by 0.4% the implementation revenues fell by 14.9%. IMS-EBIT in the first half of 2018/19 amounted to EUR -7.0 million (previous year: EUR -6.8 million). The investment in Intelligent Mobility Solutions Ltd. in Zambia, which is fully consolidated from September 2018, had a negative impact on EBIT, primarily due to currency losses. In addition, operating losses in the business area Smart Urban Mobility as well as adjustments to profit margins on several existing projects contributed to the result Outlook. Despite already winning numerous and in some cases substantial projects in the current financial year, Kapsch TrafficCom continues to work intensively on exciting opportunities. The management expects to reach revenues and EBIT for the current fiscal year to reach the previous year’s level. Naturally, any currency and special effects are not taken into account. The departure of the United Kingdom from the EU (Brexit) in spring 2019 should not have a significant impact on Kapsch TrafficCom’s results. The company’s local revenues there are in the single-digit million range. The report on the first half of fiscal year 2018/19 is available here .

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23. August 2018
Final Earnings for the first quarter 2018/19.

Highlights. Delays in existing projects led to a decline in revenues and EBIT The order situation remains positive Decisions on the awarding of a number of major projects are expected by the end of 2018 “Although the results of the first quarter are weaker than initially expected I remain optimistic about the future. We have not lost any significant orders, but there have been differences between the planned and current project progress in some projects for various reasons – which were sometimes beyond our control. The order situation remains positive and we also expect decisions on the awarding of a number of major projects“, said Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 164.3 158.2   -3.7% EBIT   11.7    7.1 -39.3%     EBIT margin        7.1%        4.5%     -2.6%p Earnings for the period    6.6    2.5 -62.3% Earnings per share (EUR)       0.52       0.21 -60.3% Vienna, August 23, 2018  – The final earnings for the first quarter of fiscal year 2018/19 were published by Kapsch TrafficCom today and hardly deviate from the preliminary revenues and operating result (EBIT) announced on July 24, 2018. It was primarily delays in existing implementation projects (ETC segment) that caused revenues in the first quarter of 2018/19 to decline by 3.7% to EUR 158.2 million as compared to this period in the previous year. Since the contribution margins have also not yet been included in the results as planned, EBIT fell by 39.2% to EUR 7.1 million. This corresponds to an EBIT margin of 4.5%. The project business accounts for a significant portion of Kapsch TrafficCom’s revenues (more than 25% in Q1 2018/19). It can occasionally happen that project milestones are reached in a different quarter than planned. Sometimes even a short delay (beyond the end of the reporting period) is enough to cause shifts between quarters. Furthermore, higher currency losses in the financial result and income taxes led to a decline of more than 60% in the result for the period and to earnings per share of EUR 0.21. Segment results. In Q1 2018/19, 75.6% of the revenues were attributed to the ETC segment and 24.4% to the IMS segment. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 123.4 119.6   -3.1% EBIT   14.6    7.0 -52.3%     EBIT margin      11.9%       5.8%     -6.0%p Revenues in the ETC segment totaled EUR 119.6 million (-3.1%) and the EBIT reached EUR 7.0 million (52.3%). Since approximately 67% of Kapsch TrafficCom’s total revenues were generated in the EMEA region, a 7.4% drop in revenues could not be offset by revenue increases in the regions of the Americas (+3.7%) and in the APAC region (+19.7%). The 3.3 million on-board units sold in the first quarter set a new record. IMS (Intelligent mobility solutions). Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 40.9 38.6 -5.7% EBIT  -2.9   0.1 n.a.     EBIT margin     -7.1%      0.3%  +7.5%p Revenues in the IMS segment decreased by 5.7% to EUR 38.6 million. While revenues in the EMEA region increased (+8.9%), they fell in the region of the Americas (-17.8%) and in the APAC region (-46.7%). The IMS EBIT was positive for the second quarter in a row (EUR 0.1 million). Free cash flow and balance sheet. As a consequence of the lower earnings and changes in working capital, the free cash flow in the first quarter amounted to EUR -12.2 million (Q1 2017/18: EUR -4.3 million). The balance sheet continues to be strong – with an equity ratio of 37.6% as of June 31, 2018, exceeding the value as of March 31, 2018 (37.0%). A net debt of EUR 5.8 million (March 31, 2018: net cash of EUR 16.2 million) corresponds to a gearing ratio of 2.5%. Kapsch TrafficCom had total assets of EUR 614.8 million as of June 30, 2018 (March 31, 2018: EUR 621.1 million). Event after the end of the quarter. Kapsch TrafficCom increased its shareholding in Intelligent Mobility Solutions Ltd., a joint venture in Zambia, to 51% already in May 2018. In August 2018, the shareholders agreement was adapted giving Kapsch TrafficCom control over the joint venture so that it will be fully consolidated going forward. The report on the first quarter of the fiscal year 2018/19 is available here .

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30. August 2017
Mixed results in the first quarter, but promising new business opportunities.

Highlights. Revenues increased by 7.9% to EUR 164.3 million EBIT is -33.4% below last year’s comparison value which included a one-time effect Profit for the period has also dropped (-46.2%) No net debt: net credit of EUR 13.4 million After the end of the quarter: takeover of the remaining 67% of shares in SIMEX, Mexico “Even though the results of the first quarter of 2017/18 were not satisfactory in my opinion, I am convinced that we are on the right path. Potential improvements have been recognized and are being implemented; promising new business opportunities are being processed by our teams with their full commitment,” says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2017/18 +/- Q1 2016/17 Revenues 164.3    7.9% 152.3 EBIT   11.7 -33.4%   17.6     EBIT margin        7.1%   -4.4%      11.6% Profit for the period     6.6 -46.7%   12.4 Earnings per share (EUR)       0.52 -46.2%       0.97 Vienna, August 30, 2017 – Kapsch TrafficCom had to accept a so-so start in the new fiscal year. On the one hand, the company was able to continue its growth course. The revenues gained ground in both segments and went up by 7.9% to EUR 164.3 million at the Group level. On the other hand, Kapsch TrafficCom recorded a decline in operating result (EBIT) of EUR 5.9 million (-33.4%) down to EUR 11.7 million. The EBIT margin was therefore 7.1% (Q1 2016/17: 11.6%). There were several reasons for the lower profitability: In the course of extending the tolling project in the Czech Republic, it was necessary for the company to lower the prices. The aim is to offset the resulting decline in profits through profitable new business during the next quarters.   After the integration of the transportation business acquired from Schneider Electric, the synergies were not yet fully realized in the US.   Negative currency effects – mainly from the currency combinations EUR/USD and EUR/ZAR – placed a burden of EUR 3.8 million on the EBIT, i.e. EUR 2.5 million more than in Q1 2016/17.   Moreover, the EBIT contained a positive one-time effect in the amount of EUR 3.0 million in the first quarter 2016/17. When adjusted by the last two points – i.e. the known one-time effect and the effects of exchange rate fluctuations, which can only be influenced to a limited extent – Kapsch TrafficCom was able to achieve a fairly stable EBIT development in the normal course of business. The higher currency losses (of EUR 0.8 million) and lower currency gains (by EUR -0.7 million) compared to Q1 2016/17 were the main reasons for the decline in the financial result to EUR -2.3 million (Q1 2016/17: EUR -0.3 million). While the realized currency losses dropped by EUR 0.2 million, the unrealized currency losses went up by EUR 1.0 million. The profit for the period was EUR 6.6 million (Q1 2016/17: EUR 12.4 million), and the earnings per share was EUR 0.52 (Q1 2016/17: EUR 0.97). Segment results. In Q1 2017/18, 75.1% of the revenue fell to the ETC segment and 24.9% to the IMS segment. ETC (Tolling Business). Unless otherwise stated, all values in EUR million Q1 2017/18 +/- Q1 2016/17 Revenues 123.4    9.7% 112.4 EBIT   14.6 -19.3%   18.1     EBIT margin       11.9%    -4.3%p       16.1% The EBIT in Q1 2016/17 included a positive one-time effect of EUR 0.9 million.   IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million Q1 2017/18 +/- Q1 2016/17 Revenues 40.9      2.7% 39.8 EBIT  -2.9 -440.6%  -0.5     EBIT margin      -7.1%       -5.8%p      -1.4% The EBIT in Q1 2016/17 included a positive one-time effect of EUR 2.1 million.   Balance sheet. The free cash flow of the first quarter was negative at EUR -4,3 million. Consequently, the net credit of EUR 19.6 million on March 31, 2017, also sank to a still rock-solid amount of EUR 13.4 million on June 30, 2017. In the same period, the equity ratio rose from 35.0% to 36.2%. Event after the quarterly closing date. After the quarterly closing date, Kapsch TrafficCom has taken over the remaining 67% of Mexican intelligent transportation systems (ITS) company SIMEX. Kapsch TrafficCom was already in possession of 33% of the company since 2012. With more than 30 years on the market and 255 employees, SIMEX is an important player in the Mexican ITS market. Outlook. Based on the results of this first quarter, it will be a challenge in 2017/18 to achieve the EBIT that Kapsch TrafficCom had in the last fiscal year. This is all the more so if the effects of exchange rate fluctuations – which can only be influenced to a limited extent – will continue to work against the company. However, the management is convinced that the company is on the right path. Potential improvements have been recognized and are now being implemented; the new business opportunities are very promising. The report on the first quarter of the fiscal year 2017/18 is available here .

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16. June 2015
Kapsch TrafficCom reports clear improvement in profits in fiscal year 2014/15.
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25. February 2015
Kapsch TrafficCom sets a course for higher profitability and growth.

Revenue in the first three quarters of 2014/15 slightly below the previous year EBIT significantly increased despite the lack of new large projects Agenda 2020 already in implementation, initial successes apparent Improved earnings and dividend distribution planned for the full 2014/15 fiscal year   2014/15 Q1-Q3: 1 April – 31 December 2014 2014/15 Q1-Q3 +/- % 2013/14 Q1-Q3 Revenues (in million EUR) 349.5      -2% 355.0 EBIT (in million EUR)   23.7 +178%      8.6 Profit for the period (in million EUR)    1.0 -    -1.3 Vienna, February 25, 2015 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, experienced stable business developments in the first three quarters with existing installation and operation projects. The Kapsch TrafficCom Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders – upon which the innovation and growth plans are based – remained elusive due to the lack of corresponding invitations to tender. The group-wide Agenda 2020, which lays out the organizational and strategic plans for a future growth course, has already contributed to an EBIT improvement during the current reporting period. Financial position. The revenue of the Kapsch TrafficCom Group during the first three quarters of the 2014/15 fiscal year was EUR 349.5 million, slightly below the previous year’s value of EUR 355.0 million. In the segment Services, System Extensions, Components Sales (SEC), the operation projects in Belarus and South Africa that began in the previous year were instrumental in enabling an increase of 12.1%. In the segment Road Solution Projects (RSP), however, the decline in revenue by 43.1% reflects the advanced stage of the existing large installation projects and the lack of new major projects. For this reason, the EBIT of the segment RSP remained negative at EUR -37.4 million, and it was not possible to cover the expenses for development work and preparations for potential tenders. The fact that the EBIT at the Group level nevertheless increased by an impressive 177.5% to EUR 23.7 million is due – in addition to the one-time effects at mid-year – to the two additional operation projects as well as the initial successes of the realized cost reductions. As in the first two quarters of the fiscal year, Kapsch TrafficCom Group was forced again in the third quarter to record an impairment of the stake in Q-Free ASA. The total impairments in the first three quarters of 2014/15 amounted to EUR 18.5 million. The profit for the period, which was negative in the comparison period of the previous year at EUR -1.3 million, only improved to EUR 1.0 million as a result. Due to this circumstance, the profit per share remains negative at EUR -0.36. Overall, the balance sheet of the Kapsch TrafficCom Group reflects a continual improvement in the reporting period. The equity ratio rose from 37.6% to 41.0%, the net debt has been halved since the start of the current fiscal year and cash and cash equivalents reached EUR 94.8 million at the end of the third quarter. The net working capital declined significantly, and Kapsch TrafficCom Group recorded a free cash flow of EUR 59.4 million for the reporting period. These figures also reflect that there are currently no new large installation projects to be financed. Agenda 2020. In consideration of the changed market conditions, the Kapsch TrafficCom Group has developed an intensive, group-wide agenda. This Agenda 2020 is intended to quickly improve the profitability of the existing business while also laying out a long-term growth strategy for the Kapsch TrafficCom Group. All associated measures were identified in recent months and immediately put into action. The key pillars consist of cost savings realized from both material and staff costs alongside a further focusing of the portfolio in the area of intelligent transportation systems (ITS). The initial successes can already be seen in the EBIT for the first three quarters. Outlook. Agenda 2020 will also be reflected in the results for the full 2014/15 fiscal year. On this basis, the executive board hopes to once again distribute dividends, in contrast to the previous year. In the coming 2015/16 fiscal year, Agenda 2020 should enable an EBIT margin of roughly 10%. The Kapsch TrafficCom Group views a cost structure corresponding to the current revenue as the basis for this calculation, although the Group will strive for growth even beyond this level. The next months will be characterized by the continuation of existing projects. The Kapsch TrafficCom Group also expects a further expansion of existing toll systems, such as those in Belarus and Poland. In addition, several new ITS systems are approaching their decision phases, including one large project. The company also looks positively on the increasing attention being given to toll systems within Europe. “Among other indications, the discussion in Germany demonstrates the continued existence of the major trend of financing the maintenance and expansion of infrastructure – an important market driver,” explains Georg Kapsch, CEO of Kapsch TrafficCom AG. Kapsch TrafficCom also remains engaged in active discussions with potential toll system customers and expects these efforts to lead to successes as well. Notification. The reports on the first three quarters of fiscal year 2014/15: English , German

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20. November 2014
Kapsch TrafficCom strives to achieve two-digit EBIT margin by 2015/16 with “Program 2020”.

Revenue in the first half of 2014/15 slightly above the previous year’s level, EBIT significantly improved Program 2020 consists of short- and long-term structural and financial adjustments Goal: Initial successes in the current fiscal year, two-digit EBIT margin in the following year 2014/15 H1: 1 April – 30 September 2014 2014/15 Q1 2013/14 Q1 +/- % Revenues (in million EUR) 237.4 235.9    +1 % EBIT (in million EUR)     17.6     7.6 +132 % Profit for the period (in million EUR)     0.9    -0.7 - Vienna, November 20, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, reports stable business in the first half of the fiscal year 2014/15. With a slight increase in revenue, it was possible to significantly improve the EBIT, which was also negatively impacted by one-time effects. At the same time, Kapsch TrafficCom announces that it will now quickly implement an intensive set of measures in order to improve profitability over the long term in the face of changed market conditions. The cancellation of the toll tender in Russia highlighted the urgency of this action. Financial position. The revenue of the Kapsch TrafficCom Group increased slightly in the first half of the fiscal year 2014/15 to EUR 237.4 million after EUR 235.9 million in the same period of the previous year. While an increase of 13.9 % was achieved in the segment Services, System Extensions, Components Sales (SEC) especially due to the toll systems in Belarus and South Africa that went into operation in the previous year, revenue fell by 40.2 % in the segment Road Solution Projects (RSP), which includes development services as well as the preparatory work for and the installation of projects. This is primarily due to the advanced level of completion of existing projects and the lack of new large projects. In consequence, the segment RSP recorded an EBIT of EUR -23.7 million after EUR -13.1 million in the same period of the previous year. This result includes a goodwill impairment of EUR 12.3 million, while the release of a provision in the amount of EUR 16.2 million had a positive impact on the profit. The EBIT of the segment SEC increased by 97.1 % to an outstanding EUR 40.2 million. Overall, the EBIT of the Kapsch TrafficCom Group for the first half of 2014/15 was EUR 17.6 million, placing it significantly above the same value of the previous year of EUR 7.6 million. A required impairment to the interest in Q-Free ASA amounting to EUR 12.2 million weighed down the profit for the period, which was nevertheless still positive at EUR 0.9 million (2013/14 H1: EUR -0.7 million). The balance sheet depicts the solid basis of the Kapsch TrafficCom Group. In particular, the repayments in connection with the financing agreement for installation of the toll system in Belarus had a positive impact. The free cash flow, which was negative in the same period of the previous year, amounted to EUR 25.5 million. The net working capital and capital employed were reduced in comparison to 30 September of the previous year. The equity ratio as well as the cash and cash equivalents increased, while the net debt declined by roughly 24 %. Growth strategy. Kapsch TrafficCom is a globally recognized provider of electronic toll systems and a market leader in systems for multi-lane free-flow traffic. In addition, the company has expanded and demonstrated its competence in the area of intelligent transportation systems (ITS). As part of its long-term growth strategy, Kapsch TrafficCom is striving for a two-digit EBIT margin in order to continue innovating and growing. In the last two years, however, new projects have been delayed due to the prevailing economic and political conditions, and several invitations to tender have been postponed or canceled. Furthermore, the demand for large, nationwide toll systems has declined in favor of regional, interurban and modularly designed solutions. The convergence of the ITS market predicted by Kapsch TrafficCom is now already taking place. Kapsch TrafficCom refers here to future intelligent mobility solutions, many elements of which must still be developed, and views itself at player who will help shape this future. Kapsch TrafficCom is now responding to market changes with the rapid implementation of an intensive set of measures intended to quickly improve the earning power of its existing business while also establishing a long-term strategy to ensure a profitable and sustainable future for the Kapsch TrafficCom Group. A variety of measures will be initiated and implemented by the end of the fiscal year 2014/15 under the title of “Program 2020”. These include the plan to achieve an EBIT margin of 10 % in the coming fiscal year 2015/16 on the basis of a cost structure adapted to the current revenue level – with the goal of a further increase in the following year. Kapsch TrafficCom views this as a basis for calculation that is independent of the desired growth. The set of performance improvement measures begun already in March will be continued, but structural and financial adjustments will also be made. During the coming weeks, the planning for the global Kapsch TrafficCom Group will be finalized, and individual measures will be implemented immediately in order to achieve initial results as quickly as possible. Kapsch TrafficCom intends to remain a globally leading provider of intelligent mobility solutions capable of covering the entire value creation chain of its customers. In addition, the company plans to increasingly take advantage of potential synergies within the Kapsch Group in order to offer intermodal and interoperable solutions for individual and public transportation around the world. Outlook. The second half of the fiscal year 2014/15 will be marked by strategic adjustments to changed market conditions. On the operational side, Kapsch TrafficCom will continue to carry out existing projects, such as the expansion of the toll systems in Belarus and Poland. The implementation of the system in Texas should be completed in the next two quarters, and work continues unabated on improving the profit situation in South Africa. Furthermore, Kapsch TrafficCom expects its business to be expanded with new projects. The outstanding results of the first half of the year will also be felt in the results of the entire fiscal year 2014/15, as will the initial effects of the structural measures. For the coming fiscal year 2015/16, Kapsch TrafficCom is striving for a level of profitability based on its Program 2020 that will enable an EBIT margin of 10 % even at current revenue levels. Notification. The report on the first half of fiscal year 2014/15: English , German

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20. August 2014
Kapsch TrafficCom initiated a set of measures to secure its growth strategy in the first quarter of 2014/15.

Existing projects continue to progress well, new installation projects fail to materialize Revenue and EBIT below the previous year, profit for the period improved Comprehensive set of measures to improve profitability initiated Growth strategy maintained with project and technology potential 2014/15 Q1: 1 April – 30 June 2014 2014/15 Q1 +/- % 2013/14 Q1 Revenues (in million EUR) 118.0   -3 % 121.4 EBIT (in million EUR)     0.6 -83 %     3.7 Profit for the period (in million EUR)     0.3 -    -1.0 Vienna, August 20, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, reports positive project progress in the first quarter of fiscal year 2014/15 with continued success in the ongoing installation and operation projects. However, the forecast market growth still has not materialized, and no new projects arose. In particular, no invitations to tender for major toll projects in Europe are in the immediate vicinity. Kapsch TrafficCom has therefore initiated a set of measures for adapting its growth-oriented organizational structure to this situation. The Kapsch TrafficCom Group continued to enjoy positive developments in its projects during the first quarter of 2014/15. In North America, progress was made in the installation of the toll system in Texas, the first system integrated by Kapsch TrafficCom in this region. In July, the company received a second system order in the U.S.A. for an electronic toll collection system on the New York State Thruway. Kapsch TrafficCom sees great potential for the future in this first system order from a toll agency of the E-ZPass Group. The first expansion stage of the nationwide electronic toll collection system in Belarus has been in operation for one year. At the beginning of August 2014, the system was further increased to 1,189 km. The continued expansion will also lead to another rise in registered vehicles. The nationwide electronic toll collection system in Poland has been in operation for three years. With 2,653 kilometers of toll roads and 1.6 million on-board units (OBUs), it is now the largest toll system of the Kapsch TrafficCom Group. By the year 2018, it should be expanded to 7,000 km. The toll system in the South African Gauteng province also went into operation at the beginning of December 2013. The payment rate remains very low, but the system operation has reached the break-even point in the meantime. However, the project in its entirety is still negative for Kapsch TrafficCom. The company plans to work with the customer to improve the profitability. The invitation to tender for the toll system in Russia has been postponed several times, most recently until 22 September. The realization of the project currently appears uncertain. In view of the disappointed reaction on the capital market, Kapsch TrafficCom emphasizes that this is only one of the group’s potential future projects. Financial position. Within this ambivalent environment, Kapsch TrafficCom Group brought in revenue of EUR 118.0 million during the first quarter of fiscal year 2014/15 after EUR 121.4 million in the same quarter of the previous year, a decline of 2.8 %. The operating result (EBIT) fell from EUR 3.7 million to EUR 0.6 million. This weak result reflects the lack of additional installation projects. At the same time, the company bears the high costs of maintaining international structures and resources and also invests strategically in research and development. A view of the operating projects in isolation clearly shows positive development by the Kapsch TrafficCom Group. The profit for the period, which was previously negative due to currency exchange effects is once again positive during the quarter under report at EUR 0.3 million. The key balance sheet figures were also noticeably improved thanks to the ongoing repayment of the financing for the project in Belarus. The net working capital and net debt are significantly below the comparison values of the previous year, and the free cash flow is once again positive at EUR 32.4 million after EUR -37.2 million in the previous year. Growth strategy. Kapsch TrafficCom continues to expect growth in the market for intelligent transportation systems (ITS) as well as associated changes in the market structure and composition. The toll collection market is currently developing more slowly than predicted, and expected major projects have not materialized. During the quarter under report, the company therefore initiated a comprehensive set of measures to reduce the costs associated with maintaining complex structures and resources in line with the current market development. Kapsch TrafficCom continues to strive for a two-digit EBIT margin in order to focus strongly on continuing its growth strategy. Cost reductions were achieved already in the previous year, and these efforts are now being intensified. This applies in particular to costs that have arisen due to growth related to the broad ITS portfolio and the group’s increasingly global position. The resources maintained for potential projects and investments will also be reevaluated even as care is taken not to restrict the project and technology potential. At the same time, the planning and implementation of the strategic growth paths will be intensified. From an operational perspective, Kapsch TrafficCom will concertedly continue its existing projects during the current fiscal year, and the company also expects expansions in existing systems as well as some new projects. Kapsch TrafficCom eagerly looks forward to the outcome of the invitation to tender in Russia. In addition, the company is actively contacting parties potentially interested in toll systems and expects this approach to also bear fruit. Notification. The report on the first quarter of fiscal year 2014/15: English , German

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