Ad-hoc announcements

According to Kapsch TrafficCom’s latest outlook for the fiscal year 2018/19, EBIT was expected to reach previous year’s level and revenues were expected to increase. In the meantime, unaudited results are available. Based on these results, the management expects an EBIT of about EUR 57 million (i.e. about 14% above previous year’s EUR 50.1 million). Revenues are expected to reach about EUR 738 million (previous year: EUR 693.3 million). Kapsch TrafficCom will announce the final results for the fiscal year 2018/19 on June 18, 2019.

The German Federal Ministry of Transport and Digital Infrastructure as the responsible contracting authority has informed Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA about its intention to award the contract regarding the collection of the German infrastructure charge (“passenger vehicle toll”) to a joint consortium of both companies. Kapsch TrafficCom and CTS EVENTIM have taken part in the EU-wide tender for this project. The operating company shall be a joint venture in which both companies hold an equal stake of 50% and which is expected to be consolidated at equity. According to the regular time frames of German procurement law for the required notification of the losing bidders, the award of the contract is not possible before December 30, 2018. Should a losing bidder make use of their legal protection rights and, thus cause a prohibition of the award, the outcome of the legal proceedings under public procurement law would need to be further waited for. The contract between the Federal Republic of Germany and the operating company commences with the binding statement of award and has a base term of twelve years starting with the first collection of the infrastructure charge. The principal can extend the contract once for three years or three times by one year (hence, up to a total term of 15 years). For the operating company (i.e. the joint venture), the total volume throughout the minimum term of the contract amounts to almost EUR 2 billion (including VAT).

Kapsch TrafficCom has taken part in the tender “planning, development, implementation, operation and maintenance of the automated ISA enforcement system (automatic enforcement)” for the enforcement of the German infrastructure charge (passenger car toll). The responsible contracting authority has informed Kapsch TrafficCom of its intention to award the contract to MTS Maut & Telematik Services GmbH, a 100% subsidiary of Kapsch TrafficCom AG. According to the regular time frames of German procurement law for the required notification of the losing bidders, the award is not possible before October 22, 2018. In addition, should the losing bidders make use of their legal protection rights which would cause a prohibition of the award, the outcome of the legal proceedings under public procurement law would need to be further waited for. The contract has a base term of twelve years starting with the first collection of the infrastructure charge. The Federal Republic of Germany can extend the contract once for three years or three times by one year (hence, up to a total term of 15 years). Furthermore the Federal Republic of Germany has the option on additional deliverables. Depending on the extent of additional deliverables to be supplied, the order volume can be in the range of (for the total term) less than EUR 100 million up to EUR 120 million. While legal ownership on the toll enforcement equipment is transferred to the Federal Republic of Germany at the time of installation, commercial ownership remains with Kapsch TrafficCom Group until the end of the contract. The enforcement of toll infringements is not within the scope of the contract and will be performed by the responsible German authorities or separately commissioned third parties.

Vienna, July 24, 2018  – Based on preliminary data, Kapsch TrafficCom announces that revenues and operating result (EBIT) of the first quarter 2018/19 are expected below plan. Revenues of about EUR 158 million and EBIT of about EUR 7 million are expected. Based on these lower than expected values, the company lowers the outlook for the current fiscal year 2018/19. Revenues and EBIT should reach previous year’s levels (revenues: EUR 693 million, EBIT: EUR 50 million). Initially a growth of 10% was forecasted for both figures. The main reason for the weaker results of the first quarter 2018/19 are deferments in certain existing projects. As a consequence, revenues and earnings for these projects budgeted in the current fiscal year could be deferred into the next fiscal year. The general order situation of the company remains positive. The results of Kapsch TrafficCom for the first quarter 2018/19 will be published on August 23, 2018.