Announcements

Vienna, September   7, 2022. Today’s Annual General Meeting of Kapsch TrafficCom   AG passed the following resolutions: Further information on the AGM is here:

Highlights “The economic environment remained very challenging in the first quarter. Nevertheless, we managed to increase revenues by 3% to EUR 130 million compared to the first quarter of the previous year. Despite also increasing costs, we were able to close the quarter with a positive EBIT. For the rest of the financial year, we will continue to focus on the acquisition of new business on the one hand and on cost management on the other”, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2021/22 Q1 2022/23 +/- Revenues 126.8 130.5 +2.9% EBIT 6.6 0.5 -92.1%    EBIT margin 5.2% 0.4% -4.8pp Result for the period attributable to equity holders 3.2 -1.3 n.a. Earnings per share (EUR) 0.24 -0.10 € -0.34 Vienna, August 17, 2022 – Kapsch TrafficCom managed to increase revenues by 3% to EUR 130 million compared to the previous year. Higher operating costs, partly due to inflation, led to a decrease in the operating result (EBIT) to EUR 1 million (previous year: EUR 7 million). A favorable development of exchange rates, above all of the US dollar against the euro, led to an almost balanced financial result (previous year: EUR -2 million). As the result before taxes reached a black zero, hardly any income taxes were incurred. Nevertheless, they resulted in Kapsch TrafficCom reporting a red zero as the result for the period in the first quarter 2022/23 (previous year: EUR 3 million). The result for the period attributable to equity holders amounted to EUR -1 million (previous year: EUR 3 million), which corresponds to earnings per share of EUR -0.10 (previous year: EUR 0.24). It is a recurring seasonal trend that in the first quarter of the financial year the change in working capital leads to a negative free cash flow. In the first quarter of 2022/23, it amounted to EUR ‑22 million (previous year: EUR ‑11 million). As a consequence, net debt increased to EUR 184 million (March 31, 2022: EUR 158 million) and the equity ratio decreased to 14%. Total assets amounted to EUR 497 million as of June 30, 2022 (March 31, 2022: EUR 512 million). Segment results for the first quarters of 2022/23 73% of revenues were generated by the tolling segment and 27% by the traffic management segment. The Europe-Middle East-Africa (EMEA) region accounted for 48% of revenues, the Americas region (North, Central and South America) for 46% and the Asia-Pacific (APAC) region for 6%. Tolling segment Revenues increased by 7% to EUR 96 million, driven by higher revenues in the implementation and components businesses. The operations business declined slightly. The Americas region made the largest contribution to revenues with 48%. EMEA generated 46% of tolling revenues and APAC around 6%.  Tolling segment. Unless otherwise stated, all values in EUR million Q1 2021/22 Q1 2022/23 +/- Revenues 89.6 95.9 +7.0% EBIT 3.1 -1.6 n.a.    EBIT margin 3.5% -1.7% -5.2pp EBIT was EUR -2 million (previous year: EUR 3 million) and the EBIT margin was -2% (previous year: 4%). Segment Traffic Management Revenues decreased by 7% to EUR 35 million, mainly due to a decline in the implementation business. The largest contribution to revenues was made by the EMEA region with 54%. Americas generated 42% of traffic management revenues and APAC 4%. Traffic Management segment. Unless otherwise stated, all values in EUR million Q1 2021/22 Q1 2022/23 +/- Revenues 37.2 34.6 -6.9% EBIT 3.4 2.2 -36.9%    EBIT margin 9.3% 6.3% -3.0pp EBIT was positive at EUR 2 million (previous year: EUR 3 million) and the EBIT margin was 6% (previous year: 9%).   The “Highlight Report” on the first quarter of 2022/23 as well as additional earnings materials are scheduled to be available today, from 7:35 a.m. (CEST), at: www.kapsch.net/en/ktc/IR

Headlines “I am pleased that we have managed the operative turnaround. In a challenging environment, both segments grew and we grew in all regions. In the new financial year, we want to further improve profitability”, says Georg Kapsch, CEO of Kapsch TrafficCom. (Unless otherwise stated, all values in EUR million) 2020/21 2021/22 +/- Revenues 505.2 519.8 +2.9% EBIT -123.2 11.0 n.a.    EBIT margin -24.4% 2.1% +26.5pp Result for the period attributable to equity holders -102.9 -9.3 +91% Earnings per share (EUR) -7.91 -0.72 € +7.19 Vienna, June   15, 2022  – The financial year 2021/22 has essentially delivered what Kapsch TrafficCom had predicted in the outlook of the consolidated financial statements of the previous financial year: Revenues showed slight growth and EBIT was positive again. After a difficult phase, Kapsch TrafficCom succeeded in achieving a visible turnaround as from the first quarter. This was accomplished despite a restrained revenue development, which was primarily due to two reasons. On the one hand, the main focus in North America continued to be on stabilizing the organization following extensive restructuring measures. Secondly, the Group continued to feel the effects of the COVID-19 pandemic. As of February 24, 2022, the attention of the world public was focused on the fighting in Ukraine. Kapsch TrafficCom has no customers in this country. As a result of the sanctions imposed by the European Union against Russia, Kapsch TrafficCom did not accept any new orders from this country. Revenues in Russia have always been below 1% of Group revenues in recent years. The sanctions against Belarus affected Kapsch TrafficCom only to a minor extent. In this environment, Kapsch TrafficCom succeeded in increasing revenues to EUR 520 million (+3%) in financial year 2021/22. The tolling and traffic management segments grew by 3% and 2%, respectively. Positive growth rates were also recorded across the board from a regional perspective: Revenues in the Europe, Middle East, Africa (“EMEA”) region increased by 2%, those in North, Central and South America (“Americas”) by 3% and revenues in Asia Pacific (“APAC”)  by 11%. The result from operating activities (EBIT) was positive at EUR 11 million (previous year: EUR -123 million). The turnaround was achieved, although special effects in the amount of EUR -32 million (previous year: EUR -132 million) burdened EBIT. The financial result amounted to EUR -5 million (previous year: EUR -10 million). Tax expenses amounted to EUR 12 million (previous year: tax income of EUR 28 million). The reason for the relatively high tax expense is that individual Group companies were not able to claim their negative results for the period as deferred tax assets (from loss carryforwards). The result for the period attributable to shareholders amounted to EUR -9 million (previous year: EUR -103 million), which corresponds to earnings per share of EUR -0.72 (previous year: EUR -7.91). Free cash flow amounted to EUR 17 million in in financial year 2021/22 (previous year: EUR 4 million). Therefore, net debt decreased to EUR 158 million since the last balance sheet date (March 31, 2021: EUR 170 million). The gearing remained constant at 203%. Total assets amounted to EUR 512 million as of March 31, 2022 (March 31, 2021: EUR 593 million). The equity ratio increased from 14% to 15%. Segment results for financial year 2021/22 71% of revenues were generated by the tolling segment and 29% by the traffic management segment. 54% of Group revenues were generated in the Europe-Middle East-Africa (EMEA) region, 41% in the Americas region (North, Central and South America) and 5% the Asia-Pacific (APAC) region.   Tolling segment Revenues increased by 3% to EUR 370 million. Declines in the implementation business of 11% were offset by 9% higher operations revenues and 7% higher component revenues. The largest contribution to revenues was made by the EMEA region with EUR 192 million. In the Americas region, revenues increased by 7% to EUR 158 million. In the APAC region, revenues remained at around EUR 20 million. Segment Tolling. (Unless otherwise stated, all values in EUR million) 2020/21 2021/22 +/- Revenues 358.2 369.9 +3.2% EBIT -117.2 3.3 n.a.    EBIT margin -32.7% 0.9% +33.6pp EBIT was positive at EUR 3 million (previous year: EUR -117 million). The EBIT margin was 1% (previous year: -33%).   Segment Traffic Management Revenues increased by 2% to EUR 150 million, driven in particular by the operations business, which grew by 11%. The largest contribution to revenues was made by the EMEA region with EUR 90 million, which corresponds to a year-on-year increase of 4%. In the Americas region, revenues declined by 5% to EUR 54 million. In the APAC region, sales increased by EUR 3 million to EUR 6 million. Segment Traffic Management. (Unless otherwise stated, all values in EUR million) 2020/21 2021/22 +/- Revenues 147.0 149.9 +2.0% EBIT -6.0 7.7 n.a.    EBIT margin -4.1% 5.1% +9.2pp EBIT was positive at EUR 8 million (previous year: EUR -6 million). The EBIT margin reached 5% (previous year: -4%). Outlook Management expects a clear improvement in profitability at a stable revenue level for the financial year 2022/23. In order to achieve these goals, the focus will remain on new business acquisition and cost discipline.   The report on financial year 2021/22 as well as further material on the results will be available today, probably from 7:35 a.m. (CEST), at: www.kapsch.net/en/ktc/IR

Vienna, March 25, 2022 – According to the decision of the competent arbitral tribunal, autoTicket   GmbH is entitled to damages and reimbursement of expenses against the Federal Republic of Germany. This is apparent from the interim arbitral award delivered to the contractor parties today. Following the termination of the operating agreement for the collection of the infrastructure charge ("passenger car toll") in Germany, autoTicket GmbH, the joint venture of Kapsch TrafficCom AG and CTS Eventim AG Co. KGaA, has asserted claims for compensation in the amount of approximately EUR 560 million against the Federal Republic of Germany. The arbitral tribunal confirmed that the claims asserted by autoTicket GmbH in the arbitration proceedings for compensation of the gross enterprise value and for reimbursement of the costs incurred in the execution of the operating agreement exist on the merits. Accordingly, the Federal Republic of Germany, represented by the German Federal Ministry of Transport and Digital Infrastructure, was not allowed to unilaterally withdraw from the contract without compensation. The arbitral award also rejected poor performance, as alleged by the Federal Republic of Germany, as a reason for termination. The first phase of the two-stage arbitral proceedings has thus been concluded. In the second phase of the arbitral proceedings that now follows, a decision is made on the amount of the claim.

„Even though results are significantly better than in the previous year, we are still nowhere near the level we were and need to be at. We are working intensively to implement new business areas in line with our Strategy 2027 and to better exploit the potential of our current core business. At the same time, the aim is to sustainably increase efficiency “, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1-Q3 2020/21 Q1-Q3 2021/22 +/- Revenues 384.5 379.2 -1.4% EBIT -89.0 5.8 n.a.    EBIT margin -23.1% 1.5% +24.7   PP Result for the period attributable to equity holders -78.3 -2.5 +96.9 % Earnings per share (EUR) -6.03 -0.19 € +5.84 Vienna, February 23, 2022 – After three quarters in a persistently difficult market environment, Kapsch TrafficCom succeeded in achieving a positive operating result (EBIT) of EUR 6 million (previous year: EUR -89 million). Revenues of EUR 379 million were 1 % below the previous year's level. Earnings attributable to shareholders amounted to EUR -2 million (previous year: EUR -78 million), corresponding to earnings per share of EUR -0.19 (previous year: EUR -6.03). The lower sales for the period were mainly due to the 20% decline in the implementation business. The operations business, on the other hand, increased by 12%, mainly due to projects in South Africa and Bulgaria. The components business continued to suffer from supply chain bottlenecks and declined by 2%. Kapsch TrafficCom achieved a significant reduction of its cost base through restructuring and cost saving measures. This related in particular to material, personnel and other operating expenses. Special effects burdened EBIT in the amount of EUR -16 million (previous year: EUR -90 million). The financial result amounted to EUR -4 million (previous year: EUR -10 million). Tax expenses amounted to EUR 1 million (previous year: tax income of EUR 19 million). The result for the period attributable to shareholders amounted to EUR -2 million (previous year: EUR -78 million), which corresponds to earnings per share of EUR -0.19 (previous year: EUR -6.03). Free cash flow amounted to EUR 9 million in the first three quarters of 2021/22 (previous year: EUR 1 million). Therefore, net debt decreased to EUR -163 million since the last reporting date (March 31, 2021: EUR -170 million). The gearing increased slightly from 200% to 202%. The partial repayments of the promissory note bond and a bank loan from equity had a balance sheet-reducing effect in the first quarter. Total assets amounted to EUR 530 million as of December 31, 2021 (March 31, 2021: EUR 593 million). The equity ratio increased from 14% to 15% in the first three quarters of 2021/22. Segment results for the first three quarters of 2021/22. 72% of revenues were generated by the tolling segment and 28% by the traffic management segment. 56% of revenues were generated in the Europe-Middle East-Africa (EMEA) region, 40% in the Americas region (North, Central and South America) and 4% the Asia-Pacific (APAC) region. Tolling segment. Sales decreased by 2% to EUR 273 million. Declines in the implementation business of 23% and in the components business of 2% were not offset by 10% higher revenues in the operations business. The EMEA region made the largest contribution to revenues with EUR 148 million. In total, this region recorded growth of 2%. In the Americas region, revenues declined by 6% to EUR 112 million. In the APAC region, revenues decreased by EUR 2 million to EUR 14 million. Results Tolling Unless otherwise stated, all values in EUR million Q1-Q3 2020/21 Q1-Q3 2021/22 +/- Revenues 279.6 273.1 -2.3 % EBIT -79.7 -0.6 +99.2 %    EBIT margin -28.5 % -0.2 % +28.3 PP EBIT was slightly negative at EUR -1 million (previous year: EUR -80 million). Segment Traffic Management. Revenues increased by 1% to EUR 106 million. This was due in particular to the operations business, which grew by 15%. The largest contribution to revenues was made by the EMEA region with EUR 64 million. In total, this region recorded an increase of 9%. In the Americas region, revenues declined by 10% to EUR 39 million, and in the APAC region, they remained constant at EUR 3 million. Results Traffic Management Unless otherwise stated, all values in EUR million Q1-Q3 2020/21 Q1-Q3 2021/22 +/- Umsatz 104.9 106.0 +1.1 % EBIT -9.3 6.5 n.a.    EBIT-Marge -8.9 % 6.1 % +15.0 PP EBIT was positive at EUR 7 million (previous year: EUR -9 million). The EBIT margin was 6% (previous year: ‑9%). Outlook. For the financial year 2021/22, management expects a year-on-year increase in revenues. However, the previously targeted +10% currently appears out of reach. As long as the market environment remains so challenging due to COVID and new business momentum does not increase, double-digit growth rates will be a challenge. Of course, the lower revenue expectation also affects profitability. However, Kapsch TrafficCom cannot further reduce the Group's cost base in the short term without the risk of not being able to take advantage of upcoming growth impulses due to a lack of resources. Thus, until revenues pick up again, the company is in a phase of low profitability. EBIT in financial year 2021/22 (including special items) is expected to be below the previously forecast 3% (but positive).   The report on the first three quarters of 2021/22 are scheduled to be available today, from 7:35 a.m. (CET), at: www.kapsch.net/ktc/IR

“I am glad to see that the restructuring measures are having an effect. However, the Group continues to feel the impact of the COVID 19 pandemic. Therefore, the main focus in the second half of the year will be on maintaining cost discipline and acquiring new business. However, I am convinced that we have not only put the most difficult phase behind us, but also used it to make the Group leaner, more flexible, more agile, and better aligned to future opportunities,“ says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million H1 2020/21 H1 2021/22 +/- Revenues 25.5 255.2 -0.9 % EBIT -57.8 10.6 >100 %    EBIT margin -22.5 % 4.2 % 26.6 PP Result for the period attributable to equity holders -54.0 3.0 >100 % Earnings per share (EUR) -4.15 0.23 € +4.38 Vienna, November   18, 2021 – Kapsch TrafficCom generated a positive operating result (EBIT) of EUR 11 million in the first half of the current financial year, compared to a negative EBIT of EUR -58 million on approximately the same revenues in the first half of the previous financial year. In the first half of 2021/22, special effects amounting to EUR ‑4 million (previous year: EUR -59 million) had an impact on EBIT. Compared to the first half of the last financial year, the EBIT margin increased by around 27 percentage points to 4%. It was right and important to reduce the company's cost base significantly and sustainably, especially as the Group continues to clearly feel the effects of the COVID 19 pandemic. New business momentum was persistently low, especially in the implementation business, due to a lack of sufficient market opportunities. The components business suffered from shortages of electronic components, which meant that existing demand could not be met as desired. In some markets, on the other hand, demand continued to be lower. The financial result amounted to EUR -3 million (previous year: EUR -8 million). Tax expenses amounted to EUR 2 million (previous year: tax income of EUR 11 million). The result for the period attributable to shareholders amounted to EUR 3 million (previous year: EUR -54 million), corresponding to earnings per share of EUR 0.23 (previous year: EUR -4.15). Free cash flow amounted to EUR -1 million in the first half of 2021/22 (previous year: EUR -30 million). Therefore, net debt increased slightly to EUR -174 million since the last reporting date (March 31, 2021: EUR -170 million). The gearing remained constant at 200%. The partial repayment of the promissory note bond and a bank loan totaling EUR 49 million from own funds had a balance sheet-reducing effect in the first quarter. Total assets amounted to EUR 553 million as of September 30, 2021 (March 31, 2021: EUR 593 million). The equity ratio increased from 14% to 16% in the first half of 2021/22.   Segment results for the first half of 2021/22. 71% of revenues were generated by the tolling segment and 29% by the traffic management segment. 57% of revenues were generated in the Europe-Middle East-Africa (EMEA) region, 39% in the Americas region (North, Central and South America) and 4% the Asia-Pacific (APAC) region. Tolling segment. Sales decreased by 5% to EUR 181 million. Declines in the implementation business of 42% and in the components business of 9% were not offset by 23% higher revenues in the operations business.  The EMEA region made the largest contribution to revenues with EUR 101 million. In total, this region recorded a growth of 7%. In the Americas region, revenues declined by 16% to EUR 71 million. In the APAC region, revenues decreased by EUR 2 million to EUR 9 million. Tolling segment. Unless otherwise stated, all values in EUR million H1 2020/21 H1 2021/22 +/- Revenues 190.6 181.0 -5.0 % EBIT -52.1 1.3 >100 %    EBIT margin -27.3 % 0.7 % 28.1 PP EBIT was positive at EUR 1 million (previous year: EUR -52 million). The EBIT margin was 1% (previous year: ‑27%).  Segment Traffic Management. Revenues increased by 11% to EUR 74 million. This was due in particular to the operations business, which grew by 21%.  The largest contribution to revenues was made by the EMEA region with EUR 44 million. In total, this region recorded an increase of 24%. In the Americas region, revenues declined by 3% to EUR 28 million. In the APAC region, revenues decreased by EUR 0.4 million to EUR 2 million.  Traffic Management segment. Unless otherwise stated, all values in EUR million H1 2020/21 H1 2021/22 +/- Revenues 66.9 74.1 +10.8 % EBIT -5.7 9.3 >100 %    EBIT margin -8.6 % 12.6 % 21.1 PP EBIT was positive at EUR 9 million (previous year: EUR -6 million). The EBIT margin was 13% (previous year: ‑9%). Outlook. Management forecasts revenues to increase by approximately 10% to around EUR 550 million in financial year 2021/22. The company expects growth in North America as well as a continued recovery in the components business. This should compensate for the expiry of the operations projects in Poland at the end of the second quarter and in the third quarter. The EBIT margin is expected to be in the region of 3%. In addition to maintaining cost discipline, the main focus in the second half of the year will be on acquiring new business. Management expects the most important economies to further stabilize as COVID vaccination coverage rates increase. This is the basis for higher market momentum. It is not possible to say exactly when a significant recovery can be expected on a broad basis. Until then, however, the Group expects the market situation to improve. The report on the first half of 2021/22 as well as further materials on the results are scheduled to be available today, from 7:35 a.m. (CET), at: www.kapsch.net/en/ktc/IR

The Supervisory Board of Kapsch TrafficCom AG has mutually agreed with André Laux, Chief Operating Officer (COO) of the company, on an early termination of his mandate as a member of the Executive Board, which runs until 2024. Georg Kapsch (CEO) takes over the sales agendas from Mr. Laux and will thus be responsible for all sales regions. Andreas Hämmerle (CFO) is additionally responsible for supply chain management including manufacturing. With immediate effect, the Executive Board of Kapsch TrafficCom consists of Georg Kapsch (CEO), Andreas Hämmerle (CFO), and Alfredo Escribá (CTO).

Headlines. „Following a difficult phase, we have managed to ring in a visible turnaround. Looking back on the last two years, I am convinced that the main restructuring measures are already behind us and that we will finish the 2021/22 financial year with a profit again“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2020/21 Q1 2021/22 +/- Revenues 138.5 126.8 -8.4% EBIT -11.3 6.6 > 100%    EBIT margin -8.2% 5.2% 13.4%p Result for the period attributable to equity holders -10.0 3.2 > 100% Earnings per share (EUR) -0.77 0.24 > 100% Vienna, August 11, 2021 – Even though revenues of EUR 127 million were relatively low, we were able to conclude the first quarter with a profit. Operating result (earnings before interest and taxes, EBIT) achieved EUR 7 million (previous year: EUR ‑11 million), while the earnings attributable to the shareholders were EUR 3 million (previous year: EUR ‑10 million). This corresponds to earnings per share of EUR 0.24 (previous year: EUR ‑0.77). The financial result was EUR -2 million (Previous year: EUR -1 million). More than half of this was the result of unrealized foreign exchange losses. As arranged, partial repayments of the promissory note bond and a bank loan in the total amount of EUR 49 million were made in June. Since the company had managed to increase the cash reserves in the months prior, these repayments were made using own funds. This effect of this asset/liability exchange was to reduce the balance sheet. On June 30, 2021, the balance sheet total was EUR 552 million (March 31, 2021: EUR 593 million). The positive quarterly result and the lower balance sheet total made the equity ratio increase to 16% (March 31, 2021: 14%). The reduction in trade payables was the main reason for the negative free cash flow of EUR -11 million in the first quarter (previous year: EUR -27 million). Consequently, the net debt went up to EUR 181 million (March 31, 2021: EUR 170 million). As of June 30, Kapsch TrafficCom employed 4,538 people (March 31, 2021: 4,657). Segment results. In Q1 2021/22, the Tolling segment contributed 71% to the total revenues, and the Traffic Management segment 29%. 56% of revenues were generated in the Europe, Middle East, and Africa (EMEA) region, 40% in the Americas region (North, Central, and South America), and 5% in the Asia-Pacific region. Tolling segment. Unless otherwise stated, all values in EUR million Q1 2020/21 Q1 2021/22 +/- Revenues 106.0 89.6 -15.4% EBIT -8.9 3.1 > 100%    EBIT margin -8.4% 3.5% 11.9%p In Q1 2021/22, revenues in the Tolling segment amounted to EUR 90 million (-15%). EBIT reached EUR 3 million (previous year: EUR ‑9 million). EBIT margin was at 4% (previous year: -8%). Kapsch TrafficCom sold 2.0 million on-board units in the first quarter 2021/22 (previous year: 2.9 million). Traffic Management segment. Unless otherwise stated, all values in EUR million Q1 2020/21 Q1 2021/22 +/- Revenues 32.5 37.2 14.4% EBIT -2.5 3.4 > 100%    EBIT margin -7.6% 9.2% 16.8%p In Q1 2021/22, revenues in the Traffic Management segment amounted to EUR 37 million (+14%). EBIT was at EUR 3 million and thus better than the figure of the previous year (EUR ‑2 million). The highlights report of the first quarter 2020/21 as well as further materials will be available at www.kapsch.net/en/ktc/IR from today, not before 7:35 a.m. (CEST).

Vienna, July 12, 2021 – The global technology company Kapsch Group is set to restructure: Kapsch Group is being repositioned for the next generation of the entrepreneurial family. Kapsch Group can look back on a history of almost 130 years. Since its founding, Kapsch is always a family-run company – currently in its fourth generation. Its success is based primarily on the personal commitment of the entrepreneurial family, the resulting corporate culture and the fact that the Group has continuously developed and reinvented itself over all these years. With an eye on the next generation of the Kapsch family and to be able to ensure later a smooth transition to the next generation in due course, it is planned to restructure the Group. Kapsch Group will now focus on the companies Kapsch Aktiengesellschaft and Kapsch TrafficCom. Kapsch Group will be assigned to the sphere of influence of Elisabeth Kapsch and Georg Kapsch and will remain under the leadership of Georg Kapsch as CEO as before. The direct shareholdings of KAPSCH-Group Beteiligungs GmbH in Kapsch TrafficCom AG and the management thereof by Georg Kapsch will not change as a result. Kapsch BusinessCom will leave Kapsch Group together with Kari Kapsch. Kari Kapsch will remain chairman of the supervisory board of Kapsch BusinessCom and the management board will also remain unchanged with Franz Semmernegg and Jochen Borenich. It is planned that Invest Unternehmensbeteiligungs Aktiengesellschaft will join Kapsch BusinessCom as a new partner to support the further expansion of Kapsch BusinessCom. The reorganization of Kapsch Group has recently been initiated. As things progress, regulatory approvals will still be required and completion is expected in a few months. The restructuring process will have no impact on the employees and customers of Kapsch TrafficCom, Kapsch Aktiengesellschaft and Kapsch BusinessCom.