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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 implements intelligent mobility management solution in Valladolid.

The new system allows citizens to plan their journeys efficiently thanks to accessible recent information. Vienna/Madrid, May 27, 2019 – The city of Valladolid (Spain) has taken the first steps towards becoming a smart city. Kapsch TrafficCom implemented an intelligent mobility solution, which allows different transportation agencies to easily integrate their data and thus offering citizens a single information point on schedules or incidents of various means of transport. This projects’ objective is to offer an integrated traffic control system including parking management and public transport. Citizens will receive reliable information about transport in their city from one single source on the municipal website. Additionally, travelers will find information on variable message panels that the town has installed for this purpose. Based on Kapsch's EcoTrafiX TM software, the system allows users to plan their journeys more rationally and efficiently. The system analyses information and status of the different public transport means in order to propose effective routes and organize traffic in real time. The system optimizes the mobility conditions of collective transport, reduces traffic congestion in the city center, and thus guarantees that people have access to mobility in the best conditions. For the Valladolid City Council's Mobility Department the solution works as a "system of systems", whose main functionalities include event and incident management, asset management, data analysis, report generation, as well as the availability of data on the municipal website. This project is part of a strategy that the Valladolid City Council launched in 2015. Kapsch solutions for intelligent mobility are deployed all over Spain in cities such as Madrid, Malaga, Bilbao, Vitoria, Castellón, Donostia, La Coruña, Palencia and Huelva. 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.

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Kapsch TrafficCom installs traffic control system in Avilés (Spain).

Renewing the traffic management system over the next four years Improvements in the control of vehicle access to the old town in order to increase safety Vienna, May 2, 2019  – Kapsch TrafficCom has been awarded by the City Council of Avilés, in the Northern Central area of Spain, to renew the management of the traffic control system over the next four years. The contract, which exceeds EUR 1 million in value, includes the implementation of EcoTrafiX™, a system designed to capture, aggregate, archive and monitor various sources of traffic data. The collected data helps municipal technical management to analyse and manage traffic in real-time. As a result, even smaller municipalities, like Avilés with a population of only 78,000, can examine and identify the causes of congestion and provide effective solutions. Not only does the project enhance mobility efficiency, but also includes improvements in road safety, by controlling access into the historic centre. EcoTrafiX™ will be integrated to suit the current systems of the city of Avilés. However, there is potential to expand the solution by integrating additional functionalities and services. Traffic Management is not only valuable for major cities. “We are focused on diversifying our services and expanding the availability of our solutions”, explains Andrè Laux, COO Kapsch TrafficCom. “This is a great opportunity to demonstrate how the advantages of urban mobility management can be adjusted for municipalities of various sizes.” With the new contract, Kapsch increases its urban mobility management footprint in Spain. EcoTrafiX™ system is already implemented in Madrid, Malaga, Bilbao, Vitoria, Castellón, Donostia, La Coruña, Valladolid, Palencia and Huelva. 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.

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Federal Circuit Court Upholds ITC Ruling in Favor of KapschTrafficCom.

Vienna/McLean (USA), April 30, 2019  – Kapsch TrafficCom is pleased to announce an important court decision in the United States regarding the legal dispute with Neology, Inc. The latter claimed a violation of its patents by Kapsch importing electronic tolling products which use the ISO/IEC 18000-6C communications protocol (6C Standard). On April 19, the U.S. Court of Appeals for the Federal Circuit confirmed that the subject patent claims are invalid and, hence, affirmed the International Trade Commission (ITC) decision. Several of Neology’s 6C Standard patent claims were already invalidated by the United States Patent and Trademark Office (USPTO) in 2015, and the ITC had rejected as invalid several more claims in 2017. This important Federal Circuit decision further confirms and solidifies the right of Kapsch and other industry suppliers to operate and compete freely in the 6C Standard tolling marketplace, and to market, sell, and distribute 6C Standard tolling tags and readers to its customers throughout North America. Kapsch is a firm believer in open, non-proprietary protocols and standards to achieve electronic tolling interoperability. 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.

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Kapsch TrafficCom – Dr Michael Blum and Volker Schneble named Managing Directors of the operating company to collect German infrastructure charge.

CTS EVENTIM and Kapsch TrafficCom appoint experienced management team to head their joint venture Infrastructure charge to be introduced as of 1 October 2020 Vienna/Berlin, April 25, 2019  – Dr Michael Blum and Volker Schneble will manage the operating company that will collect Germany’s infrastructure charge for passenger vehicles (‘car toll’). They were appointed by the company’s shareholders, CTS EVENTIM and Kapsch TrafficCom. Both Managing Directors have extensive management experience in toll and traffic telematics projects. Dr Michael Blum has worked for over 20 years on innovative solutions in various companies in the mobility, infrastructure, consulting, and IT sectors. Until mid-April, he worked for Toll Collect for seven years, where he was head of corporate and product strategy, sales, and public affairs. Between 2007 and 2011, he headed the Berlin office of Dornier Consulting, a consultancy specializing in mobility, before which he had worked as a management consultant, and as managing partner of a medium-sized family-owned business. Volker Schneble began his career at international technology and consulting companies in Switzerland and the U.S. since 2005, the commercial lawyer and economics graduate has been working on intelligent transport solutions, initially as a research assistant in the German Bundestag. In 2012, he moved to the Austrian company Kapsch TrafficCom, a leading international provider of intelligent traffic systems, where he was head of sales in Germany, the Netherlands and Luxembourg and was most recently Managing Director in charge of the German market. Under his leadership, Kapsch won two of the largest contracts in the company’s history to date: the stationary control/monitoring and collection of the car toll. In the months ahead, Dr Michael Blum and Volker Schneble will press ahead with the development of the operating company. Together with their teams, they will successively take over the tasks that have been carried out since the end of 2018 under the lead management of the joint venture partners, CTS EVENTIM and Kapsch TrafficCom. The project partners seek to make all processes as intuitive, automated, and efficient as possible for both German and foreign users. The operating company’s digital approach is reflected, among other things, in the fact that the vignette for Germany will be a purely electronic solution. The car toll collection commission was finally awarded to the consortium consisting of CTS EVENTIM and Kapsch TrafficCom on December 30, 2018 in the course of an EU-wide tender by the Federal Ministry of Transport and Digital Infrastructure. As Europe’s leading ticketing company, CTS EVENTIM is contributing its expertise to a new business segment on a large scale for the first time. Kapsch TrafficCom has many years of experience with toll projects in more than 50 countries. The collaboration between the German government and the operating company has a term of at least twelve years from the introduction of the infrastructure charge as of 1 October 2020. The principal has the option of extending the contract once for a three-year period or three times for a one-year period (i.e., up to a total term of 15 years). Revenues from the infrastructure charge are specifically designated for investment in the traffic infrastructure. 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. CTS EVENTIM is one of the leading international providers of Ticketing and Live Entertainment. In 2018, approx. 250 million tickets were marketed using the company’s systems – through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like ‘Rock am Ring’, ‘Rock im Park’, ‘Hurricane’, ‘Southside’, and ‘Lucca Summer’. In addition, some of Europe’s most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the SDAX segment. In 2018, its 3,141-strong workforce generated more than 1.2 billion Euros in revenue in 21 countries.

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Changes in the Executive Board of Kapsch TrafficCom AG.

Vienna, April 9, 2019  – Kapsch TrafficCom AG informs that the company’s Chief Technology Officer (CTO), Mr Alexander Lewald, will leave by mutual agreement by the end of April 2019. His term would have originally ended on October 31, 2019. During his almost four years with Kapsch, Mr. Lewald has contributed essentially to the evolution of the company. Among many other achievements he has substantially redefined the global product and solution portfolio and made it future-proof. The Supervisory Board and the colleagues from the Executive Board thank Mr Lewald for his commitment and contribution to the success of the company and wish him all the best for his private and professional future. Mr Alfredo Escriba will take over the role as CTO for a term of five years. Mr Escriba joined the Group in 2016 when Kapsch acquired Schneider Electric’s global transportation business. Before the acquisition, he had been responsible for the US market covering the important markets of both tolling and traffic management. During his time with Kapsch, Mr Escriba has developed the company’s urban traffic management business and has actively participated in the definition of the overall Kapsch TrafficCom strategy. With all of this, Alfredo Escriba proofed his strategic and operational capabilities as well as his outstanding leadership skills. Furthermore, Kapsch TrafficCom announces that the term of André Laux, Chief Operating Officer (COO) was extended by five years (i.e. until March 31, 2024). 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.

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Kapsch TrafficCom secures new contract in Dominican Republic

Urban mobility management solution EcoTrafiXTM for the city of Santo Domingo Includes 17 months of implementation and four years of technical operation Contract win in collaboration with local partner EVOCON Vienna, April 9, 2019  – In a public tender, Kapsch TrafficCom and its partner EVOCON were selected to provide the comprehensive urban mobility management solution EcoTrafiXTM for the city of Santo Domingo, Dominican Republic. The contract was awarded by the local authority Instituto Nacional de Tránsito y Transporte Terrestre (INTRANT) and includes a 17-month period for the implementation (i.e. design and construction) of new infrastructure as well as four years of technical operation. Total contract value is approximately EUR 18 million and will be shared by consortium partners Kapsch (60%) and EVOCON (40%). The first part of the tender covers engineering, delivery, installation, testing, commissioning and the deployment of EcoTrafiXTM. This will include 100 new intersections, 2,200 new traffic lights, 40 CCTV cameras, 400 CVD vehicle detector cameras, variable message signs and control center equipment. Maintenance will cover 260 already existing intersections including traffic lights and CCTV, as well as the newly installed equipment. “This contract is enhancing our urban mobility management footprint in the Latin-American region”, explains André F. Laux, COO Kapsch TrafficCom. “Santo Domingo is the biggest metropolitan area in the Caribbean, which demands high requirements for mobility within the city. We are proud that our solution was chosen to help the city achieve a more efficient and safer mobility future.” 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.

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Results for the first three quarters of 2018/19.

Highlights. Record revenues in the third quarter Both segments with increased revenues in Q3, positive EBIT development However, better results were prevented by a write-down in the amount of EUR 4.0 million At the beginning of the fiscal year, deferments in existing projects led to a decline in revenues and EBIT After nine months: revenues 5.2% above the same period in the previous year, EBIT 4.9% below the same period in the previous year Outlook for the fiscal year: revenues above and EBIT at the previous year’s level “The third quarter of 2018/19 was very successful for Kapsch TrafficCom. We recorded the highest quarterly revenues in the history of the Group and were able to greatly increase profitability at the same time. New major orders in Germany, dynamic developments in US business and a new contract in Poland are only a few selected highlights“, according to Georg Kapsch, the CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 167.1  197.2 +18.1 % 506.9 533.1 +5.2 % EBIT 10.0  15.8 + 57.1 % 35.3 33.6 -4.9 % EBIT margin 6.0 %  8.0 % +2.0%p 7.0 % 6.3 % -0.7 %p Profit for the period 8.9 13.5 +52.5 % 22.9 21.9 -4.5 % Earnings per share (EUR) 0.70 1.07 +52.9 % 1.80 1.77 -1.9 % Vienna, February 21, 2019  – A very strong third quarter largely helped Kapsch TrafficCom make up for the disappointing results at the beginning of the fiscal year. The company generated revenues of EUR 533.1 million in the first three quarters of 2018/19 (+5.2% over the same period in the previous year). EBIT was EUR 33.6 million (-4.9%). After the first half of the year, EBIT was still 29.5% below that of the previous year. However, the write-down of a tax asset in Brazil in the amount of EUR 4.0 million prevented an even better outcome. The EBIT margin was 6.3% (previous year: 7.0%). The financial results in the first three quarters of 2018/19 amounted to EUR -2.3 million and improved by EUR 1.8 million over the previous year. A positive one-off effect from the sale of the minority interest in the US company ParkJockey (EUR 5.1 million) was neutralized by negative foreign currency effects, especially in connection with the South African Rand (EUR -5.3 million). Tax expenses amounted to EUR 9.4 million (previous year: EUR 7.7 million). Profit for the period of Q1-Q3 2018/19 was EUR 21.9 million (previous year: EUR 22.9 million), which corresponds to earnings per share of EUR 1.77 (previous year: EUR 1.80). At EUR -32.7 million, the free cash flow was significantly below the previous year’s level of EUR +40.6 million. This was primarily due to higher receivables and inventories. Due to the negative free cash flow and the payout of dividends (EUR 19.5 million), net debt increased to EUR 42.9 million (March 31, 2018: net cash of EUR 16.2 million). This represents a gearing of 18.3%. The equity ratio remained strong at 37.1% (March 31, 2018: 37.0%). Segment results. In the first nine months of 2018/19, 76.3% of revenues were generated by the ETC segment and 23.7% by the IMS segment. 60.3% of the revenues were generated in the region Europe-Middle East-Africa (EMEA), 32.8% in the region Americas (North America and South America) and 6.9% in the region Asia-Pacific (APAC). ETC (Electronic Toll Collection). unless otherwise stated,  all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 126.1  144.8 +14.8 % 386.9 406.9 +5.2 % EBIT 9.7  15.5 + 59.3 % 41.8 40.3 -3.6 % EBIT margin 7.7 %  10.7 % +3.0%p 10.8 % 9.9 % -0.9 %p Kapsch TrafficCom increased its revenues in the ETC segment to EUR 144.8 million in the third quarter of 2018/19, which is 14.8% greater than over the same period in the previous year. The EBIT margin reached 10.7% and was three percentage points above that of the previous year. In the first three quarters of 2018/19, ETC revenues rose to EUR 406.9 million, an increase of 5.2% over the same period in the previous year. The company managed to more than offset a decline in revenue in the EMEA region (-5.9%) by a rise in revenue in the Americas (+25.4%) and APAC (+46.6%) regions. ETC EBIT was at EUR 40.3 million and thus EUR 3.6% lower than in the previous year. This decline was mainly due to the weak results in the opening months of this fiscal year. Kapsch TrafficCom sold 10.58 million on-board units during the first nine months (previous year: 9.73 million). IMS (Intelligent Mobility Solutions). Unless otherwise stated,  all values in EUR million Q3 2017/18 Q3 2018/19 +/- Q1-Q3 2017/18 Q1-Q3 2018/19 +/- Revenues 41.0  52.4 +28.0 % 120.0 126.1 +5.2 % EBIT 0.3  0.3 -9.3 % -6.5 -6.7 -3.4 % EBIT margin 0.8 %  0.6 % -0.2 %p -5.4 % -5.3 % +0.1 %p IMS revenues climbed to EUR 52.4 million in the third quarter of 2018/19, an increase of 28.0% over the previous year. At EUR 0.3 million, EBIT was again positive. In the first three quarters of 2018/19, segment revenues rose by 5.2% to EUR 126.1 million. This was thanks to the Americas (+10.0%) and EMEA (+4.2%) sales regions. It was only in the APAC region that revenues dropped from EUR 3.9 million to EUR 1.9 million. IMS EBIT was at EUR -6.7 million and thus at the same level as in the previous year (EUR -6.5 million). Outlook. Based on the results for the first three quarters of 2018/19, Management expects revenues to increase in the current fiscal year. EBIT (excluding currency and special effects) is expected to reach the previous year’s level. The departure of the United Kingdom from the EU (Brexit) in the spring of 2019 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 first three quarters of 2018/19 along with other materials concerning the results will be available at: www.kapsch.net/ktc/ir/downloadcenter . 

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Results for the first half of 2018/19.

Highlights. Second quarter 2018/19 sequentially much better, but weaker year-on-year Deferments in certain projects had an impact on revenues and EBIT By the end of the fiscal year, decisions on the awarding of further major projects are expected Outlook confirmed: Revenues and EBIT at previous year‘s level “After disappointing first three months we managed to achieve a significant improvement in the second quarter of the current fiscal year. That we are heading in the right direction is also demonstrated by the various new orders that we have announced in the last few weeks. And we are working hard to report further major successes by the end of the fiscal year“, says Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H1 2018/19 +/- Revenues 175.6 177.6   +1.2% 339.8 335.8   -1.2% EBIT   13.5   10.7 -21.1%   25.3   17.8 -29.5%     EBIT margin        7.7%        6.0%     -1.7%p        7.4%        5.3%     -2.1%p Profit for the period    7.5    5.9 -21.0%   14.1     8.4 -40.4% Earnings per share (EUR)       0.58       0.49 -15.7%       1.10       0.70 -36.8% Vienna, November 21, 2018  – In the first half of the current fiscal year, Kapsch TrafficCom’s revenues reached EUR 335.8 million, an amount slightly (-1.2%) below the previous year’s level. The EBIT amounted to EUR 17.8 million (-29.5%) and the EBIT margin decreased from 7.4% to 5.3%. Like the first quarter as a whole, the beginning of the second quarter was still influenced by deferments within existing implementation projects (ETC segment). After a traditionally calm August, a good September helped us achieve quarterly revenues 12.3% above the figure for the first three months of the fiscal year and at the level of the comparable quarter of the previous year. The result from operating activities (EBIT) rose sequentially by 50.3%, but was EUR 2.9 million lower than in the second quarter 2017/18. The financial result in the first half of 2018/19 remained stable compared with the same period of the previous year. Tax expenses fell to EUR 3.6 million (previous year: EUR 4.7 million) due to the lower pre-tax earnings. In the first half of 2018/19, the profit for the period amounted to EUR 8.4 million (previous year: EUR 14.1 million), which corresponds to earnings per share of EUR 0.70 (previous year: EUR 1.10). The free cash flow of EUR -16.9 million (previous year: EUR -1.0 million) reflected the weaker operating results and the more than double increase in working capital. As a consequence of this and due to the dividend distribution of EUR 19.5 million, net debt rose to EUR 31.7 million (March 31, 2018: net cash of EUR 16.2 million). This corresponds to a gearing ratio of 14.4%. The equity ratio remained strong at 35.9% (March 31, 2018: 37.0%). The balance sheet total amounted to EUR 614.6 million (March 31, 2018: EUR 621.1 million). Segment results. In the first half of 2018/19, 78.1% of the revenues were attributed to the ETC segment and 21.9% to the IMS segment. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H1 2018/19 +/- Revenues 137.4 142.6 +3.8% 260.7 262.1   +0.5% EBIT   17.4   17.8 +2.2%   32.1   24.8 -22.7%     EBIT margin      12.7%      12.5%    -0.2%p      12.3%        9.5%     -2.8%p In the second quarter 2018/19, Kapsch TrafficCom succeeded in increasing ETC-revenues by 19.2% compared with the first three months to EUR 142.6 million. The EBIT margin reached 12.5% and was at previous year’s level. In the first half of the year, ETC revenues rose by 0.5% to EUR 262.1 million. Kapsch TrafficCom managed to offset an 9.0% decline in revenues in the EMEA region by a rise in revenues in the Americas (+17.7%) and APAC (+44.0%). Primarily as a consequence of the relatively weak results of the first quarter, the ETC-EBIT of EUR 24.8 million was 22.7% lower than in the previous year. In the first half of 2018/19, Kapsch TrafficCom sold 6.77 million on-board units (previous year: 5.85 million). IMS (Intelligent mobility solutions). Unless otherwise stated, all values in EUR million Q2 2017/18 Q2 2018/19 +/- H1 2017/18 H! 2018/19 +/- Revenues 38.2 35.0   -8.2% 79.1 73.7 -6.8% EBIT  -3.9  -7.1 -83.0%  -6.8  -7.0 -2.8%     EBIT margin   -10.2%   -20.4%   -10.2%p     -8.6%     -9.5%   -0.9%p In the second quarter 2018/19, IMS-revenues fell to EUR 35.0 million (-9.3% compared to the first three months). After a slightly positive EBIT in the first quarter (EUR 0.1 million), the company had to accept an operating loss of EUR 7.1 million in this segment in the second quarter. The segment’s revenues for the first half of 2018/19 amounted to EUR 73.7 million (-6.8%). Decreases in revenues were recorded in all regions. While operations revenues increased by 0.4% the implementation revenues fell by 14.9%. IMS-EBIT in the first half of 2018/19 amounted to EUR -7.0 million (previous year: EUR -6.8 million). The investment in Intelligent Mobility Solutions Ltd. in Zambia, which is fully consolidated from September 2018, had a negative impact on EBIT, primarily due to currency losses. In addition, operating losses in the business area Smart Urban Mobility as well as adjustments to profit margins on several existing projects contributed to the result Outlook. Despite already winning numerous and in some cases substantial projects in the current financial year, Kapsch TrafficCom continues to work intensively on exciting opportunities. The management expects to reach revenues and EBIT for the current fiscal year to reach the previous year’s level. Naturally, any currency and special effects are not taken into account. The departure of the United Kingdom from the EU (Brexit) in spring 2019 should not have a significant impact on Kapsch TrafficCom’s results. The company’s local revenues there are in the single-digit million range. The report on the first half of fiscal year 2018/19 is available here .

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Final Earnings for the first quarter 2018/19.

Highlights. Delays in existing projects led to a decline in revenues and EBIT The order situation remains positive Decisions on the awarding of a number of major projects are expected by the end of 2018 “Although the results of the first quarter are weaker than initially expected I remain optimistic about the future. We have not lost any significant orders, but there have been differences between the planned and current project progress in some projects for various reasons – which were sometimes beyond our control. The order situation remains positive and we also expect decisions on the awarding of a number of major projects“, said Georg Kapsch, CEO of Kapsch TrafficCom. Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 164.3 158.2   -3.7% EBIT   11.7    7.1 -39.3%     EBIT margin        7.1%        4.5%     -2.6%p Earnings for the period    6.6    2.5 -62.3% Earnings per share (EUR)       0.52       0.21 -60.3% Vienna, August 23, 2018  – The final earnings for the first quarter of fiscal year 2018/19 were published by Kapsch TrafficCom today and hardly deviate from the preliminary revenues and operating result (EBIT) announced on July 24, 2018. It was primarily delays in existing implementation projects (ETC segment) that caused revenues in the first quarter of 2018/19 to decline by 3.7% to EUR 158.2 million as compared to this period in the previous year. Since the contribution margins have also not yet been included in the results as planned, EBIT fell by 39.2% to EUR 7.1 million. This corresponds to an EBIT margin of 4.5%. The project business accounts for a significant portion of Kapsch TrafficCom’s revenues (more than 25% in Q1 2018/19). It can occasionally happen that project milestones are reached in a different quarter than planned. Sometimes even a short delay (beyond the end of the reporting period) is enough to cause shifts between quarters. Furthermore, higher currency losses in the financial result and income taxes led to a decline of more than 60% in the result for the period and to earnings per share of EUR 0.21. Segment results. In Q1 2018/19, 75.6% of the revenues were attributed to the ETC segment and 24.4% to the IMS segment. ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 123.4 119.6   -3.1% EBIT   14.6    7.0 -52.3%     EBIT margin      11.9%       5.8%     -6.0%p Revenues in the ETC segment totaled EUR 119.6 million (-3.1%) and the EBIT reached EUR 7.0 million (52.3%). Since approximately 67% of Kapsch TrafficCom’s total revenues were generated in the EMEA region, a 7.4% drop in revenues could not be offset by revenue increases in the regions of the Americas (+3.7%) and in the APAC region (+19.7%). The 3.3 million on-board units sold in the first quarter set a new record. IMS (Intelligent mobility solutions). Unless otherwise stated, all values in EUR million Q1 2017/18 Q1 2018/19 +/- Revenues 40.9 38.6 -5.7% EBIT  -2.9   0.1 n.a.     EBIT margin     -7.1%      0.3%  +7.5%p Revenues in the IMS segment decreased by 5.7% to EUR 38.6 million. While revenues in the EMEA region increased (+8.9%), they fell in the region of the Americas (-17.8%) and in the APAC region (-46.7%). The IMS EBIT was positive for the second quarter in a row (EUR 0.1 million). Free cash flow and balance sheet. As a consequence of the lower earnings and changes in working capital, the free cash flow in the first quarter amounted to EUR -12.2 million (Q1 2017/18: EUR -4.3 million). The balance sheet continues to be strong – with an equity ratio of 37.6% as of June 31, 2018, exceeding the value as of March 31, 2018 (37.0%). A net debt of EUR 5.8 million (March 31, 2018: net cash of EUR 16.2 million) corresponds to a gearing ratio of 2.5%. Kapsch TrafficCom had total assets of EUR 614.8 million as of June 30, 2018 (March 31, 2018: EUR 621.1 million). Event after the end of the quarter. Kapsch TrafficCom increased its shareholding in Intelligent Mobility Solutions Ltd., a joint venture in Zambia, to 51% already in May 2018. In August 2018, the shareholders agreement was adapted giving Kapsch TrafficCom control over the joint venture so that it will be fully consolidated going forward. The report on the first quarter of the fiscal year 2018/19 is available here .

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Kapsch TrafficCom Headquarters