autoTicket GmbH expects EUR 243 million from arbitration proceedings against the Federal Republic of Germany based on a settlement and Kapsch TrafficCom AG changes outlook for financial year 2023/24

Vienna, July 5, 2023 – The Executive Board of Kapsch TrafficCom AG (ISIN: AT000KAPSCH9) announces that autoTicket GmbH, a joint venture of CTS Eventim AG Co. KGaA and Kapsch TrafficCom AG, which is held in equal shares, expects a compensation and damages payment in the amount of EUR 243 million  due to a settlement agreement with the Federal Republic of Germany to end the arbitration proceedings conducted due to the termination of the operations contract for the collection of the infrastructure charge (“passenger car toll”).

The settlement is expected to be formally finalized and executed in the coming days and thus becomes effective.

With the payment of the amount of EUR 243 million to autoTicket GmbH by the Federal Republic of Germany, the reciprocal claims arising from the operating agreement will have been settled, in particular the claims for compensation and damages initially asserted by autoTicket GmbH against the Federal Republic of Germany in the amount of approximately EUR 560 million. In accordance with the settlement reached, autoTicket GmbH will have to pay, out of the amount of EUR 243 million, the winding-up and other costs as well as expenses already incurred and future expenses, the total amount of which cannot yet be determined, before the portion which Kapsch TrafficCom AG is entitled to can be distributed. From today´s perspective, Kapsch TrafficCom AG can expect an inflow of at least approximately EUR 80 million.

In the outlook for the financial year 2023/24, the management of Kapsch TrafficCom AG now expects a significant improvement in the operating result (EBIT) with revenue growth in the single-digit percentage range.

Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.

With one-stop-shop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2022/23 financial year, about 4,000 employees generated revenues of EUR 553 million.