Summary of the resolutions of the Annual General Meeting
Kapsch TrafficCom AG currently expects a cash inflow in the amount of EUR 99.5m from the settlement in Germany.
Business developed well as expected in the first quarter of 2023/24. However, revenues and earnings were again impacted by numerous special effects.
The settlement agreement has now been executed and is effective. The payment of the amount of EUR 243 million has already been affected.
The settlement is expected to be formally finalized and executed in the coming days and thus becomes effective.
Kapsch TrafficCom recorded a slight increase in business in the financial year 2022/23, as expected, but EBIT remained significantly below expectations.
Kapsch TrafficCom AG announces that it has reached an agreement with its major financial creditors on a comprehensive restructuring of the financing.
The Executive Board of Kapsch TrafficCom AG announces that the outlook to the financial year 2022/23, which ended on March 31, 2023, will probably not be met.
Kapsch TrafficCom was able to increase revenues by 9% from EUR 379 million to EUR 414 million in the first three quarters of FY 2022/23.