Do you want to switch the language?

Kapsch
Press releases

Press Contacts
Carolin Treichl

Executive Vice President Marketing & Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria

+43 50 811 1710carolin.treichl@kapsch.net
Ingrid Riegler

Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria

+43 50 811 1724ingrid.riegler@kapsch.net
Kapsch TrafficCom to Provide New Advanced Traffic Management System for Georgia DOT.

Vienna, October 23, 2019  – Kapsch TrafficCom (Kapsch) has been selected by the Georgia Department of Transportation (GDOT) to design and implement a statewide Advanced Traffic Management System (ATMS). The new ATMS will serve as the foundation for the state’s intelligent transportation system (ITS) applications, and replace the existing NaviGAtor system that has been in place since 1996. GDOT will use the Kapsch ATMS to monitor all state and interstate roadways and arterials within Georgia. Its traffic software features offer comprehensive road supervision, data analytics, and metrics and reporting that can meet the management requirements for complex modern road setups such as reversible and managed lanes. The new ATMS will be built upon Kapsch’s next-generation DYNAC® platform and will integrate data from other transportation networks, roadside equipment, floating car data, connected vehicle equipment, and traditional traffic detectors. The Kapsch ATMS will make this data available to third parties and GDOT’s traveller information website via an open API. Kapsch will also implement advanced algorithms to facilitate congestion management throughout the network. These extensive capabilities will allow GDOT to streamline decision paths and improve incident response times, while the additional data will optimize strategies for road asset management and infrastructure investment. Kapsch is a leading provider of ITS applications with solutions that address multiple traffic management areas including corridor management, connected vehicles, and mobility-on-demand. “GDOT has been a national pioneer in using intelligent systems to manage its roadways, and we look forward to developing its new ATMS as it integrates new methods into its traffic and infrastructure management strategies,” said Chris Murray, president of Kapsch TrafficCom North America. The initial contract duration is 24 months for design and implementation of the ATMS, with additional options for ongoing maintenance. Kapsch will manage the project locally from its office in Duluth, Georgia. 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 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 with headquarters in Vienna, 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‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Read the full article
Kapsch to showcase their full portfolio of the latest integrated mobility solutions for smart cities and highways at the ITS World Congress.

Smart cities of the future need innovative systems that address multimodal network analysis and evolving needs of end users, while enhancing agency collaboration. From October 21 to 25, Kapsch experts are presenting and discussing their most recent and innovative mobility solutions at Booth #359. Vienna/Singapore, October 16, 2019  – Recent trends in urbanization, congestion and mode shifting present significant challenges in transport terms. Cities have to become smarter about how they move people and goods and need to find solutions which offer an improved user experience. Today, technologies that enable cities to do this are available. Smart devices are now commonplace and put information at citizens’ fingertips – from the individual’s perspective, these solutions are seamless and simple to use. However, enabling service providers to quantify and satisfy travellers’ ambitions requires sophisticated supporting technology. Delivering innovation to transform today’s challenges into opportunities Crucial for its success is to partner with a service provider having expertise, maturity, and a broad scope of offerings in terms of highway and urban mobility management capabilities, tolling, V2X, MaaS, and a multi-modal back office. Therefore, Kapsch will be showcasing their full portfolio of the latest integrated mobility solutions in realistic scenarios and sharing their vision for the future of urban mobility, which is focused on delivering innovation through smart solutions and agency cooperation whilst balancing demand across all modes. Developing Smart Cities requires Smart Partnerships As part of Kapsch’s focus in unlocking the full potential of their integrated mobility solutions, Kapsch TrafficCom Australia has signed a Memorandum of Understanding with the University of Melbourne to create a ‘Mobility Hub’ within the Australian Integrated Multimodal EcoSystem (AIMES) environment – a world-first living laboratory based on the streets of Melbourne, established to test highly integrated transport technology with a goal to deliver safer, cleaner, and more sustainable urban transport outcomes. The details of the project will be announced for the first time at the ITS World Congress.   Expert Corner Speeches at Booth #359: Soren Tellegen, Executive Vice President Asia-Pacific, “Kapsch’s vision for the future of ITS in Asia-Pacific region” : Building sustainable urban mobility requires smart and powerful solutions as well as multi-agency collaboration – join us for this session to learn how Kapsch can help transform today’s challenges into opportunities. Tuesday, October 22, 10am – 10.15am   Rohan Fernando, Vice President Sales Asia-Pacific, “Our Smart Partnerships – Success Stories in Asia” : We believe that smart relationships lead to sustainable solutions and exceptional user experience – join us for this session to find out more on how we deliver outstanding value to our Partners and work together to build a new age of smart urban mobility. Tuesday, October 22, 2pm – 2.15pm   David Bolt, Vice President Solution Consulting Asia-Pacific, “Kapsch’s digital transformation in mobility management” : It is our mission to support road users with Intelligent Mobility Solutions that can help them reach their destination comfortably, safely, on time and with minimal environmental impact – join us for this session to find out more about our innovative tools. Tuesday, October 22, 3pm – 3.15pm   David Bolt, Vice President Solution Consulting Asia-Pacific and Prof. Majid Sarvi, University of Melbourne, “Australian Integrated Multimodal EcoSystem – AIMES” : Join us for this session when Kapsch and the University of Melbourne present how industry and academia can work together to shape the future of smart transport. Wednesday, October 23, 10am – 10.15am   Kapsch experts will provide answers to important questions on smart mobility and cities of the future: Anto Komarica, Vice President Product Management Solution Center Tolling: all questions related to tolling solutions and products. Wednesday, October 23, 2pm – 4pm; Thursday, October 24, 2pm – 4pm   Tracy Bumpers, Executive Vice President Solution Center Traffic: all question related to traffic management (cities, highways) and V2X/Connected Vehicles Tuesday, October 22, 10am – 12am; Wednesday, October 23, 10am – 12am   Michael Kieslinger, Managing Director Fluidtime Data Services GmbH: all questions related to Integrated Mobility Services and Mobility-as-a-Service Thursday, October 24, 10am – 12am; Friday, October 25, 11am – 1pm   Soren Tellegen, Executive Vice President Asia-Pacific: all questions related to Kapsch's vision for the future of ITS in APAC Tuesday, October 22, 10.30am – 12.30am; Thursday, October 24, 10am – 12am   David Bolt, Vice President Solution Consulting Asia-Pacific: all questions related to Kapsch Digital Transformation and Mobility Management Tuesday, October 22, 3.30pm – 5.30pm; Wednesday, October 23, 2.30pm – 4.30pm   If you are interested, we are happy to arrange a personal meeting upon request. Please contact: Gosia Marczuk P +61 436 680 471 Gosia.Marczuk@kapsch.net 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 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 with headquarters in Vienna, 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‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Read the full article
Kapsch TrafficCom Receives OmniAir Certification for Connected Vehicle Roadside Units.

Vienna, September 30, 2019  – Kapsch TrafficCom has received a certification for compliance and conformance for its RIS-9160 and RIS-9260 roadside units (RSU) from the OmniAir Consortium ® , an association focused on improving processes and products for tolling and connected vehicles (CV). OmniAir Certification is the leading industry certification that confirms the RSUs meet operational standards set by the Instititue of Electrical and Electrionic Engineers (IEEE) and the Society of Automotive Engineers (SAE), and specifications by the United States Department of Transportation (USDOT). The RSUs were independently tested for Wireless Access in Vehicular Environments (WAVE) and USDOT RSU specification compliance by DEKRA, a European vehicle inspection company, at the company’s authorized test laboratory in Malaga, Spain. Each unit enables vehicle-to-infrastructure (V2I) communication when implemented with corresponding in-vehicle OBUs (on-board units). The dual-band RIS-9260 was certified for the DSRC radio setting but has option for users to choose operation between a DSRC and C-V2X communication, ultimately providing customers with the ability to use these RSUs to communicate with certified OBUs from other vendors. Kapsch is a globally-operating technology corporation for intelligent transportation systems (ITS) with proven connected vehicle solutions that have been implemented in various projects in Europe, the United States and Australia. “The OmniAir certification of our roadside units is a valuable proof of the conformity and interoperability of Kapsch solutions. This will enable new deployments in pilot and commercial projects and furthermore add value to the Connected Vehicle infrastructure and market share of our solutions worldwide”, said Tugrul Güner, Director of Product Management CV. As connected vehicle applications become progressively part of the urban landscape, the comprehensive suite of connected mobility products and services will enable Kapsch to have a primary role in these developments. Kapsch will be publically recognized as a certified supplier at the OmniAir European Plugfest in Malaga, Spain on September 30, 2019. 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 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 with headquarters in Vienna, 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‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Read the full article
Summary of the resolutions of the Annual General Meeting.

Vienna, September 10, 2019  – Today's Annual General Meeting of Kapsch TrafficCom AG passed the following resolutions: Distribution of a dividend of EUR 1.50 per share (in total EUR 19,500,000,--). The remaining amount will be carried forward onto new account. The ex-dividend date is September 13, 2019; the dividend record date is September 16, 2019; the dividend payment date is September 18, 2019.   Dr. Franz Semmernegg, Dr. Kari Kapsch und Dr. Harald Sommerer again elected to the Supervisory Board. Term of office ending at the end of the Annual General Meeting deciding on the formal approval for the fiscal year 2022/23.   PwC Wirtschaftsprüfung GmbH, Vienna, appointed as auditor and Group auditor for the fiscal year 2019/20.   The actions of the members of the Management Board and the members of the Supervisory Board in office in the fiscal year 2018/19 were formally approved.   Authorization to purchase own shares as well as to sell or use shares in a manner other than via the stock exchange or a public offer: Pursuant to Section 65 para. 1 No. 8 as well as para. 1a and 1b AktG, the Management Board shall be authorized to purchase both via the stock exchange and over the counter own bearer shares of the Company in a volume of up to 10% of the share capital of the Company for a validity period of 30 months from 10th September 2019, thus until 10th March 2022, whereby the lowest consideration may be not less than EUR 1,-- and the highest consideration may be not more than 10% above the average unweighted closing price on the Vienna Stock Exchange for the last ten trading days prior to purchase of the shares. Trade in own shares is excluded as a purpose of purchase. The said authorization may be exercised wholly or in part or also by way of several part amounts, with option to make repeated use of the 10% limit, and in pursuit of one or several purposes by the Company, by a subsidiary (Section 189a para 7 of the Austrian Business Enterprise Code (“Unternehmensgesetzbuch” or “UGB”)) or for the account of the Company by third parties.   The Management Board shall be authorized to resolve the purchase of own shares via the stock exchange and has to inform the Supervisory Board on the resolution afterwards. The purchase over the counter shall be subject to the Supervisory Board’s prior approval. A purchase of shares over the counter may be performed excluding the shareholders’ pro rata disposal rights.   For a period of five years with effect from 10th September 2019, the Management Board shall be authorized pursuant to Section 65 para. 1b AktG, with the approval of the Supervisory Board, to resolve on the sale or appropriation of own shares in a different way than via the stock exchange or via a public offer, and exclude the shareholders’ pro rata subscription rights (exclusion of subscription rights), and to stipulate the conditions of sale. Authorization may be exercised wholly or in part or by way of several part amounts and in pursuit of one or several purposes by the Company or by a subsidiary (Section 189a para 7 UGB) or for the account of the Company by third parties.   Furthermore, the Management Board is authorized, with the approval of the Supervisory Board, to decrease the share capital of the Company by a redemption of own shares according to Section 65 para. 1 no. 8 last sentence in conjunction with Section 122 AktG without any further resolution by the General Meeting. The Supervisory Board is authorized to resolve upon the amendments of the Articles of Association as a consequence of the redemption of shares. 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 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 with headquarters in Vienna, 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‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Read the full article
Final earnings for the first quarter of 2019/20.

Highlights. Year-on-year revenue growth (+18%) up to EUR 186 million. EBIT fell to EUR 4.6 million (previous year: EUR 7.1 million). Outlook for 2019/20 confirmed: Revenues and EBIT (excluding one-time effects) are both expected to go up by at least 5%. “In the first quarter, we were able to continue positive revenue development. In EBIT, however, the seasonal nature was much more markedly pronounced than anticipated, which is why the figure was below that of the first quarter of the previous year. For the 2019/20 fiscal year, I am still optimistic that we will achieve the given guidance“, declares Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2018/19 Q1 2019/20 +/- Revenues 158.2  186.2 +17.7 % EBIT 7.1  4.6 -36.0 % EBIT margin 4.5 %  2.4 % -2.0 %p Profit for the period 2.5 2.2 -11.6 % Earnings per share (EUR) 0.21 0.19 -9.0 % Vienna, August 20, 2019  – The final earnings for the first quarter of the 2019/20 fiscal year published today by Kapsch TrafficCom hardly deviate from the anticipated revenues and operating result (EBIT) announced on July 20, 2019. In the first quarter of 2019/20, Kapsch TrafficCom was able to increase revenues to EUR 186.2 million (+17.7% compared to the first quarter of the previous year). The company was characterized by strong growth rates, especially in the Americas region (North, Central, and South America). EBIT reached EUR 4.6 million (-36.0%), corresponding to an EBIT margin of 2.4% (previous year: 4.5%). The main reasons for lower profitability are investments in further growth, namely in the form of Costs of material. The implementation business underwent a very positive development in the first quarter of 2019/20. However, it required a relatively high material investment. The newly installed systems, particularly in the ETC segment, will have to be operated later on. This gives Kapsch TrafficCom potential for further revenue.   Staff costs. Since business in North America is growing rapidly, additional personnel need to follow in order to take full advantage of the available market potential. In the first quarter alone, the number of employees in the US went up by 50 people. The greatly improved financial result of EUR -1.7 million (previous year: EUR -3.5 million) was mainly due to beneficial changes in exchange rates. The income tax expenses of EUR -0.4 million were also below those of the previous year (EUR -1.1 million). In this way, the company attained profit for the period in the amount of EUR 2.2 million (previous year: EUR 2.5 million) and earnings per share of EUR 0.19 (previous year: EUR 0.21). Segment results. In the first quarter of 2019/20, 79.0% of revenues were attributed to the “Electronic Toll Collection” (ETC) segment and 21.0% to the “Intelligent Mobility Solutions” (IMS) segment. 61.6% of revenues were generated in the Europe, Middle East, and Africa (EMEA) region, 34.3% in the Americas region (North, Central, and South America), and 4.1% in the Asia-Pacific (APAC) region. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q1 2018/19 Q1 2019/20 +/- Revenues 119.6  147.0 +23.0 % EBIT 7.0  7.6 +9.3 % EBIT margin 5.8 %  5.2 % -0.6 %p Kapsch TrafficCom raised its revenues in the ETC segment to EUR 147.0 million in the first quarter of 2019/20. This is an increase of 23.0% compared to the comparative period of the previous year. ETC EBIT were at EUR 7.6 million and thus EUR 9.3% above the figure of the previous year. The EBIT margin reached 5.2% (previous year: 5.8%). Kapsch TrafficCom sold 3.3 million on-board units in the first quarter of 2019/20 (+0.9%). IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million Q1 2018/19 Q1 2019/20 +/- Revenues 38.7  39.1 +1.2 % EBIT 0.1  -3.1 n.a. EBIT margin 0.3 %  -7.9 % -8.2 %p In the first quarter of 2019/20, segment revenues reached EUR 39.1 million (+1.2%). IMS EBIT were at EUR -3.1 million and thus below the figure of the previous year (EUR 0.1 million). Free cash flow and balance sheet. At EUR -4.6 million, free cash flow was much better in the first quarter of 2019/20 than in the comparative period of the previous year (EUR -15.1 million). The main reason for the positive development was the reduced – albeit continued – increase in working capital. One major change starting in the 2019/20 fiscal year is the initial application of the standard IFRS 16 “Leases”, which specifies the recognition, measurement, presentation as well as disclosure requirements with regard to leases in financial statements. Rights of use arising from leasing agreements are capitalized (tangible assets), and lease liabilities are shown separately on the liabilities side of the balance sheet. This changed reporting of leases significantly increased the balance sheet total and net debt as of April 1, 2019, lowering the equity ratio. As of June 30, 2019, net debt was therefore EUR 133.4 million. Without the new application of IFRS 16, it would be EUR 81.7 million (March 31, 2019: EUR 73.5 million). The equity ratio on June 30, 2019, was still very strong despite the IFRS 16 effect: 36.3% (March 31, 2019: 38.2%). The balance sheet total went up to EUR 715.9 million. (March 31, 2019: EUR 677.7 million). The highlights report of the first quarter 2019/20 as well as further materials will be available at www.kapsch.net/ktc/ir/downloadcenter .

Read the full article
Kapsch TrafficCom to Lead Integration of Connected Vehicle Environment in Ohio.

Vienna, June 28, 2019  – Kapsch TrafficCom (Kapsch) has been selected by the city of Columbus, Ohio, to oversee the infrastructure integration of the city’s Smart Columbus Connected Vehicle Environment (CVE). The CVE is expected to enhance safety and mobility for vehicle operators and improve pedestrian safety in school zones by deploying connected vehicle (CV) infrastructure on the roadside and CV equipment in vehicles. The CVE will also provide sources of high-quality data for traffic management and safety purposes. As the infrastructure prime contractor, Kapsch will supply its roadside unit (RSU) ITS Station 9160 (RIS-9160) at over 100 Columbus intersections to support vehicle-to-infrastructure (V2I) safety and mobility applications. The RIS-9160’s technology is scalable to allow for easy upgrades to device capabilities. In addition, the Kapsch Smart Cities Control Center (SC3) will be used to configure, monitor, and gather live data from the entire environment. This data will be integrated into the Smart Columbus network with the ultimate goal of improving mobility for local residents while improving the safety and efficiency of the transportation network. The CVE project will integrate connected vehicles into the city’s transportation environment by installing in-vehicle and roadside technology, and by deploying CV applications that will enable enhanced safety and mobility features. The CVE will generate the transportation-related data that is needed by the connected vehicle applications. Kapsch will complete the RSU installation by February 2020, and monitor the status of the RSU network through the end of the demo period in March 2021. Partner subcontracters are Econolite, Path Master, and Danlaw. The Connected Vehicle Environment (CVE) project is one of multiple transportation-related projects in the Smart Columbus program. Smart Columbus was founded in 2016 when the city of Columbus won the Smart City Challenge led by the United States Department of Transportation (USDOT). It serves as a model for other cities wishing to incorporate new technologies into their transportation networks. The ambitious Columbus project proves Kapsch´s position as a global leader in smart urban mobility. Smart city and mobility solutions by Kapsch have been implemented in the cities of Madrid, Leon and Málaga (Spain) as well as in Saudi Arabia, the Dominican Republic and Ecuador – just to name a few. 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 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 with headquarters in Vienna, 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‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Read the full article
Kapsch TrafficCom – statement regarding the decision of the European Court.

In today’s judgement, the Court of Justice of the European Union found that the infrastructure use charge, in combination with the relief from motor vehicle tax in Germany, constitutes indirect discrimination on grounds of nationality and is in breach of the principles of the free movement of goods and of the freedom to provide services. On December 30, 2018, the German Federal Ministry of Transport and Digital Infrastructure as the responsible contracting authority commissioned a consortium consisting of Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA with the collection of the German infrastructure use charge (passenger vehicle toll). We and our partner CTS EVENTIM have been working together since the end of last year to ensure that the infrastructure charge can begin on schedule. We have already made good progress in setting up the operating company in recent months. Today’s judgement of the Court of Justice of the European Union is currently being evaluated. Currently it is unclear whether the infrastructure use charge will be implemented by the Federal Republic of Germany in an amended form or not. In coordination with our customer and our project partner we are evaluating the implications of the judgment on our cooperation. The contracts contain protective provisions that guard against pecuniary damages for the operating company and its shareholders. This also applies in the event that the infrastructure charge is not introduced.” 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.

Read the full article
Results for the fiscal year of 2018/19.

Highlights. Revenues at a record high, increasing for the fourth year in a row Both segments experienced higher revenues, with positive EBIT development The increase in working capital is a testimony to the growing dynamics of the implementation business Stable balance sheet, higher equity ratio Outlook for the fiscal year 2019/20: both revenues and EBIT expected to grow by at least 5% Dividend proposal to the Annual General Meeting: EUR 1.50 per share (as in the previous year) “We have increased revenues for the fourth year in a row, raising them above EUR 700 million for the very first time. Furthermore, we have improved EBIT, in comparison to the previous year. The numerous new projects from the fiscal year 2018/19 provide us with stability and are the basis for further growth“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q4 2017/18 Q4 2018/19 +/- FY 2017/18 FY 2018/19 +/- Revenues 186.3  204.7 +9.9 % 693.3 737.8 +6.4 % EBIT 14.7  23.4 + 58.9 % 50.1 57.0 +13.9 % EBIT margin 7.9 %  11.5 % +3.5 %p 7.2 % 7.7 % +0.5 %p Profit for the period 5.1 24.7 +384.8 % 28.0 46.6 +66.1 % Earnings per share (EUR) 0.41 1.91 +370.9 % 2.21 3.68 +66.7 % Vienna, June 18, 2019  – Kapsch TrafficCom has published its final earnings for the fiscal year 2018/19, which hardly deviate from the preliminary revenues and operating result (EBIT) announced on May 17, 2019. Kapsch TrafficCom can look back on a very successful fiscal year 2018/19, despite a weak first half of the year. The company has increased revenues above EUR 700 million – to be precise, up to EUR 737.8 million (+6.4%) – for the very first time. The EBIT reached EUR 57.0 million (+13.9%), corresponding to an EBIT margin of 7.7% (previous year: 7.2%). Tax effects (particularly with regard to input tax) in Brazil totaling EUR -2.0 million prevented an even better result. Both segments contributed towards the growth. In the fourth quarter of 2018/19 the company once again succeeded in surpassing the record revenues of the previous quarter. This was due in particular to higher implementation revenues in the ETC (Electronic Toll Collection) segment and higher operations revenues in the IMS (Intelligent Mobility Solutions) segment. From a regional perspective, the Americas (North, Central and South America) were the revenue driver in the fourth quarter. Increased profitability in implementation projects and lower costs in operations projects led to a strong increase in EBIT. In addition, operating foreign currency gains of EUR 2.1 million and tax effects in Brazil of around EUR 2.0 million had a positive impact on the EBIT in the fourth quarter. As a negative tax effect of EUR -4.0 million was recorded in the previous quarter, the tax impact on the EBIT for the fiscal year 2018/19 was EUR -2.0 million. The financial results in the fiscal year 2018/19 were EUR -1.7 million, EUR 3.5 million better than in the previous year. A positive one-off effect due to the sale of our minority interest in ParkJockey, USA, (EUR 5.1 million) compensated in negative foreign currency effects, particularly in connection with the South African Rand (EUR 5.2 million). Tax expenses amounted to EUR 8.5 million (previous year: EUR 16.2 million). The higher EBIT, an only slightly negative financial result and lower tax expenses, led to significantly better results for the period compared to the previous year. This amounted to EUR 46.6 million (previous year: EUR 28.0 million), which corresponds to earnings per share of EUR 3.68 (previous year: EUR 2.21). The significant increase in working capital in the fiscal year 2018/19 is an important indicator of the growing dynamics in the area of our implementation projects – it is fundamentally a positive development. The associated negative free cash flow of EUR -57.5 million (previous year: EUR 21.8 million) needs to be seen from this point of view as well. Based on the negative free cash flow and since we distributed a dividend in the amount of EUR 19.5 million, net debt expanded to EUR 73.5 million at the end of the fiscal year 2018/19 (on March 31, 2018: a net cash of EUR 16.2 million). This corresponds to a gearing ratio of 28.4%. The equity ratio was again strong at 38.2% (March 31, 2018: 37.0%). Based on the encouraging results for the fiscal year 2018/19 and the robust balance sheet, the Executive Board of Kapsch TrafficCom will propose to the Annual General Meeting that a dividend of EUR 1.50 per share (EUR 19.5 million in total) should be distributed. Segment results. In the fiscal year 2018/19, 75.7% of the revenues were generated by the ETC segment and 24.3% by the IMS segment. 58.4% of the revenues were generated in the region Europe-Middle-East-Africa (EMEA), 34.3% in the region Americas (North, Central and South America) and 7.2 % in the region Asia-Pacific (APAC). ETC (Electronic Toll Collection). Unless otherwise stated,  all values in EUR million Q4 2017/18 Q4 2018/19 +/- FY 2017/18 FY 2018/19 +/- Revenues 134,8  151.5 +12.4 % 521.6 558.4 +7.1 % EBIT 11.7  24.6 + 111.3 % 53.5 64.9 +21.5 % EBIT margin 8.7 %  16.3 % +7.6 %p 10.3 % 11.6 % +1.4 %p Kapsch TrafficCom increased its revenues in the ETC segment to EUR 151.5 million in the fourth quarter of 2018/19, which is +12.4% greater than over the same period in the previous year. The EBIT margin reached 16.3% and was 7.6 percentage points above that of the previous year. In the fiscal year 2018/19, ETC revenues rose to EUR 558.4 million, an increase of 7.1% over the same period in the previous year. The company managed to more than offset a decline in revenue in the EMEA region (-3.6%) by a year-over-year rise in revenue in the Americas (+25.2%) and APAC (+39.9%) regions. ETC EBIT was at EUR 64.9 million and thus EUR 21.5% higher than in the previous year. The EBIT margin reached 11.6% (previous year: 10.3%). Kapsch TrafficCom sold 13.5 million on-board units during the fiscal year 2018/19 (previous year: 12.7 million). IMS (Intelligent Mobility Solutions). unless otherwise stated,  all values in EUR million Q4 2017/18 Q4 2018/19 +/- FY 2017/18 FY 2018/19 +/- Revenues 51.6  53.2 +3.2 % 171.6 179.4 +4.5 % EBIT 3.1  -1.2 n.m. -3.4 -7.9 -131.9 % EBIT margin 6.0 % -2.2 % -8.2 %p -2.0 % -4.4 % -2.4 %p IMS revenues in the fourth quarter of 2018/19 increased by 3.2% year-on-year to EUR 53.2 million. EBIT was negative at EUR -1.2 million (previous year: EUR 3.1 million). After one year in decline, the IMS segment grew again, with revenues achieving EUR 179.4 million (+4.5%) in the fiscal year 2018/19. The Americas (+13.2%) and EMEA (+1.8%) sales regions were responsible for the increase. Revenues only dropped in the APAC region – from EUR 6.8 million to EUR 3.6 million. The IMS-EBIT was at EUR -7.9 million and below the previous year’s value (EUR -3.4 million). The main reasons for this were the devaluation of the Zambian Kwacha, the adjustment of a tax credit in Brazil, and the negative profit contributions in the future areas of “Connected Mobility” and “Smart Urban Mobility.” Outlook. Kapsch TrafficCom plans to increase revenues by at least 5% in the fiscal year 2019/20. This is indeed possible, even though we need to realise that a few lucrative projects will come to an end, and that the project in Poland will generate much lower revenues. The most important growth market in the coming years will be North America (the USA and Canada). Growth rates in the double digits should be possible there (assuming revenues of approx. EUR 200 million in the 2018/19 fiscal year). EBIT is expected to grow by at least 5% (excluding any one-time effects) in the fiscal year 2019/20. The course of the 2019/20 fiscal year will be similar to that of the one before: a weaker first half-year period should be followed by a strong second half. The medium-term outlook remains unchanged. Kapsch TrafficCom plans to grow in both segments. At the same time, the company aims to raise the Group’s EBIT margin to a sustainable level of over 10%. To this end, EBIT in the ETC business is to be maintained well above 10% and EBIT in the IMS business is to be continuously improved. In a good environment, an IMS EBIT of up to 8% appears feasible from today’s perspective. The exit of the United Kingdom from the EU (as a result of Brexit) 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 fiscal year of 2018/19 along with other materials concerning the results will be available at www.kapsch.net/ktc/ir/downloadcenter . 

Read the full article
Kapsch TrafficCom equips state-of-the-art motorway Olympia Odos with hybrid tolling system.

Vienna, June 13, 2019  – Kapsch TrafficCom expands its toll management footprint in Europe by equipping the state-of-the-art Olympia Odos Greek motorway with 30 free flow rebate stations. The contract has been awarded by the Canadian IBI Group (who has a contract with the Apion Kleos Construction JV of Olympia Odos) enlisting Kapsch’s ongoing technical support for service and maintenance, based on a yearly agreement. Olympia Odos is one of the most significant motorway concessions in Greece, linking the cities of Athens, Corinth and the port city of Patras on the Peloponnese, via 202 kilometres of motorway. The planned upgrade will offer the first distance-based pricing model in Greece, available to all Electronic Toll Collection (ETC) users of Olympia Odos. The solution is based on the concept of providing a rebate to road users if they don’t travel the totality of the distance corresponding to an average distance charging zone (the current charging model). This new model is considered a ‘hybrid’ or ‘rebate’ system. The new solution involves the development of thirty entry and exit ramps, equipped with full tolling and enforcement stations for detection and classification of passing vehicles. The journeys recorded by the Roadside Systems (RSS) paired with those recorded in conventional toll plazas will calculate the rebate amount. Other motorway concessions in Greece are expected to adopt this hybrid tolling system and rebate model. 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.

Read the full article

Kapsch TrafficCom Headquarters