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Kapsch
Press & Mediacenter

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
Sandra Bijelic

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

+43 50 811 1720sandra.bijelic@kapsch.net
12. July 2021
Kapsch Group to restructure.

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.

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16. June 2021
Kapsch TrafficCom – Results for financial year 2020/21.

“2020/21 was a very difficult year, and not only due to the COVID-19 situation. We had to restructure the company to be sustainably profitable again in the future. After two negative years, the 2021/22 financial year should be a period of stabilization and solidification,” says Georg Kapsch, CEO of Kapsch TrafficCom.  (Unless otherwise stated, all values in EUR million) 2019/20 2020/21 +/- Revenues 731.2 505.2 -30.9% EBIT -39.2 -123.2 -214.4%    EBIT margin -5.4% -24.4% -19%p Result for the period attributable to equity holders -48.1 -102.9 -113.7% Earnings per share (EUR) -3.70 -7.91 -113.7% Vienna, June 16, 2021 – In financial year 2020/21, revenues of Kapsch TrafficCom decreased to EUR 505 million, which was 31% (EUR 226 million) lower than the previous year’s figure. The slightly more than 30% decline in revenues was evenly spread across all the regions. Consolidated revenues are broken down geographically as follows: The operating result (EBIT) was negative at EUR 123.2 million (previous year: EUR -39.2 million). The following effects were the main drivers of this: The financial result amounted to EUR -10 million and was EUR 14 million better than in the previous year. Foreign currency losses fell by EUR 7 million to EUR -2.0 million. Previous year’s value included the write-down of a financial asset, which has been sold in the meantime. Income taxes amounted to EUR +28 million (previous year: EUR +8 million). The result for the period was very negative at EUR -105 million (previous year: EUR -56 million). A result for the period of EUR -103 million was attributable to the equity holders of the company. This corresponds to earnings per share of EUR -7.91 (previous year: EUR -3.70). Net debt reached EUR 170 million (March 31, 2020: EUR 176 million), which equates to a gearing of 200% (March 31, 2020: 96%). The net debt was similar to the previous year. Since equity fell significantly, however, the gearing increased substantially. The reduction of the net working capital to EUR 110 million (March 31, 2020: EUR 168 million) was the basis for the positive free cash flow of EUR 4 million.. The Executive Board, as already discussed, will not propose a dividend payout for the loss year of 2020/21 at the Ordinary Annual General Meeting 2021. A distribution also appears unlikely for the following financial year. Segment results. In financial year 2020/21, the Tolling segment contributed 71% to total revenues, the Traffic Management segment 29%.  Segment Tolling. (Unless otherwise stated, all values in EUR million) 2019/20 2020/21 +/- Revenues 563.5 358.2 -36.4% EBIT 1.5 -117.2 > -100%    EBIT margin 0.3% -32.7% -33%p The implementation business in particular suffered from the COVID-19 situation, collapsing by 54%. The components business lost approximately 35%, while the operating business “only” lost 20%. The operating result totaled EUR -117 million (previous year: EUR 1 million). The main reasons consisted of the margin adjustment and the creation of provisions for onerous contracts. Im financial year 2020/21, 9.9 million on-board units were sold, a decline of 3.3 million relative to the previous year.  Segment Traffic Management. (Unless otherwise stated, all values in EUR million) 2019/20 2020/21 +/- Revenues 167.7 147.0 -12.4% EBIT -40.7 -6.0 85.4%    EBIT margin -24.2% -4.1% 20.2%p In financial year 2020/21 revenues in the Traffic Management segment reached EUR 147 Mio. (-12%). While revenues in the EMEA region remained at the previous year’s level, they fell by 21% in the Americas region and by 57% in the APAC region. The EBIT in the financial year was EUR ‑6 million and therefore substantially better than in the previous year (EUR -41 million). Outlook. After two negative years with extensive restructuring, financial year 2021/22 should be a period of stabilization and solidification until a dynamic course of growth is pursued again. A decent growth in revenues should be assumed despite the ongoing low visibility in regards to new business. The implemented measures to reduce the cost basis should show success and make the EBIT positive again. In this context, follow-up effects and additional expenses in connection with the restructuring must be expected in particular in Q1 2021/22. For the full year, management expects an EBIT margin in the lower single-digit percentage range. The Executive Board, as already discussed, will not propose a dividend payout for the loss year of 2020/21 at the AGM 2021. A distribution also appears unlikely for the following financial year due to the planned investments in the context of the implementation of the Strategy 2027. In order to protect the company’s capital base against unanticipated developments, the Executive Board of the forthcoming AGM will propose that authorization for a capital increase be granted. This anticipatory resolution for a capital increase should make it possible to raise the share capital by up to 1.3 million shares, which equates to 10%. Various reports on the financial year 2020/21 as well as further materials will be available at www.kapsch.net/en/ktc/IR from today at 7:35 am (CEST).

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10. June 2021
Kapsch TrafficCom Wins Large Electronic Tolling Project in the USA.

Vienna, 10th June 2021 – Kapsch TrafficCom (Kapsch) is pleased to announce that Plenary Infrastructure Group (Plenary) has awarded Kapsch a project to implement a new toll collection system for the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). The project is an amendment to Kapsch’s existing contract with Plenary, where Kapsch is providing an end-to-end all-electronic tolling system and related maintenance services for a major bridge and tunnel replacement in Belle Chasse, Louisiana .  Plenary began construction on the new bridge and tunnel  in January 2020. Kapsch’s scope of work for the LA-1 project includes updating the existing tolling infrastructure with the Kapsch advanced lane solution, updating and providing back off systems and services, as well as advancing modern efficiencies into operations and maintenance. The new system will work with the state’s current GeauxPass transponder program, and will include new system features such as a toll-by-plate program. Implementation activities are scheduled to commence in 2023, followed by 30 years of technical and commercial operations. “We look forward to the ongoing partnership with Plenary and the Louisiana Department of Transportation,” said JB Kendrick, president of Kapsch TrafficCom North America. “These infrastructure and tolling system investments will provide the modern facilities and operational efficiencies that can optimize the travel experience for Louisiana drivers.”

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27. May 2021
Hämmerle will join Executive Board on July 1, 2021

Management Changes/Personnel Andreas Hämmerle will join the Executive Board of Kapsch TrafficCom as Chief Financial Officer (CFO) with effect from July 1, 2021. He currently holds the position of Executive Vice President Finance at the company. Commenting on the appointment, Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom says: “I would like to congratulate Andreas Hämmerle and welcome him as a new colleague in the Executive Board. He is an experienced executive leader who had an important role in navigating Kapsch TrafficCom through a transformation phase and who strongly contributed to achieving substantial improvements of our financial situation. I am confident that with his extensive experience and knowledge specifically in finance the company is well prepared for the future.“ Andreas Hämmerle: ”I feel honored and excited to take up my new role as Chief Financial Officer at Kapsch TrafficCom. I am looking forward to working together with a great team and I am confident that we will successfully write the next chapter of the company’s development.”   Hämmerle held various management and executive board positions before working for Kapsch TrafficCom. He has long-standing international experience in the branded products industry as well as the service and retail sectors. The main focus of his work has been on corporate development, change management, mergers & acquisition, restructuring, compliance and controlling in change situations.

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27. May 2021
Kapsch TrafficCom appoints new CFO Andreas Hämmerle

Presseaussendung: Kapsch TrafficCom – Andreas Hämmerle wird neuer CFO.

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27. April 2021
World Car Emissions Rise – Mobility Report 2021 by Kapsch TrafficCom.

Vienna. April 27, 2021 – The transport industry is the fastest growing source of global emissions: Today, it generates around 28% of total emissions with 59% coming from passenger vehicles and light trucks. While many other sectors already reduce their emissions year after year – transport is going the other way threatening to undermine Paris Agreement targets. The Mobility Report 2021 by Kapsch TrafficCom illustrates the current transport challenges and shows how to deal with them. Although vehicle miles traveled (VMT) dramatically declined during the early days of the COVID-19 pandemic, it has rebounded to pre-pandemic levels. In addition, many people are less willing to use public transport than previously due to the infection risk – putting even greater demand on road networks and increasing VMT. As dependence on private vehicles continues to grow worldwide, no city or highways authority can be complacent about the growing emissions challenge. The average gas-powered car emits 8887g of CO 2 per gallon of gas and a total of 4.6 metric tons of CO 2 every year. Shortterm mobility solutions urgently needed. “Shortterm solutions are urgently needed to curb emissions from millions of vehicles on the world’s road networks,” says Alfredo Escriba, CTO of Kapsch TrafficCom. “Urban traffic and congestion management provide an immediate impact helping to reduce CO 2  emissions. Reducing stop-and-go-traffic by communicating traffic signal information to drivers alone has been shown to reduce fuel consumption and therefore emissions according to a recent study from Canada. More advanced methods, involving vehicle connectivity and AI-based data processing, can further reduce emissions caused by congestion and inefficient traffic.” Limited impact of traditional traffic management. For decades, authorities in many countries have been implementing intelligent transport systems – from signalling solutions to congestion charging schemes. However, legacy approaches tend to focus on stand-alone and siloed solutions that use only a small subset of the traffic data nowadays available. Traditional approaches therefore only can provide limited emissions and air quality benefits. New Traffic Management in Buenos Aires, Argentina. The City of Buenos Aires developed a strategic plan in 2017, shifting from reactive to proactive-collaborative Traffic Management. The new Integrated Mobility Management System (SGIM Sistema de Gestión Integral de la Movilidad) allows the city to manage data from multiple sources to generate and spread high-quality information. The SGIM software that was deployed in the center with Kapsch’s EcoTrafiX™ platform works as an umbrella platform that can interface and sit on top of the current structure for a more unified platform – including Google Maps and Waze information, Tolling Operators, and other third party systems. Today, Buenos Aires operates with a global supervision of city mobility: monitoring events and incidents and allow people to use a multi-modal transport system with efficient congestion management that is orchestrated by a state-of-the-art integrated control center.

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21. April 2021
JB Kendrick appointed President of Kapsch TrafficCom North America

McLean, VA (April 21, 2021) – Kapsch TrafficCom AG (Kapsch) has appointed JB Kendrick as President of its North America business unit as of April 19, 2021. Ms. Kendrick joined Kapsch in 2017 as Senior Vice President of Sales and Business Development, a role in which she was instrumental in growing the tolling, traffic management, and connected vehicle business for Kapsch TrafficCom North America. “It is my pleasure to announce JB Kendrick as the new President Kapsch TrafficCom North America,” says Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom. "JB has a successful track record in growing business in North America. She is known for building strong client-centric teams through collaboration, effective internal and external communication, and advancing Kapsch employee engagement initiatives.” JB Kendrick succeeds Chris Murray, who is leaving Kapsch TrafficCom. In the last 10 years, he managed the successful transformation of the North America business into a leading provider of end-to-end tolling, traffic management and connected mobility systems. “I would like to thank Chris for all of his contributions to Kapsch. I wish him the very best.” JB Kendrick’s appointment will help to deliver sustainable business performance and to support a successful next chapter for our company.She has built a successful 25 year career delivering back office and payment processing solutions with leadership roles in multiple functional areas including sales, operations, business development, marketing, and client relations. Prior to joining Kapsch, JB spent 13 years with Conduent (and formerly Xerox/ACS, Inc.) selling to and supporting emerging payment services for more than 30 US states as well as the federal government.  JB Kendrick has served on the Board of Directors for the Electronic Funds Transfer Association (EFTA) and has been actively engaged with the National Branded Prepaid Card Association (NBPCA), W.net, and The Women’s Alliance (TWA). She currently serves on the Board of Trustees for Huntingdon College in Montgomery, Alabama and is a member of the “Women in Tolling” group of the International Bridge, Tunnel, and Turnpike Association (IBTTA) as well as several local philanthropic organizations. She will continue to be based in Atlanta, Georgia. 

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16. April 2021
Preliminary results for financial year 2020/21.

10:47 CEST The financial year 2020/21 of Kapsch TrafficCom ended on March 31, 2021. Based on preliminary figures, the company expects revenues of about EUR 500 million. The operating result (EBIT) including negative special effects will be a loss of about EUR 124 million. The most relevant negative special effects account for an EBIT impact of about EUR 139 million and include: Despite the significantly negative result, the equity ratio still amounts to about 14%. As of March 31, 2021, Kapsch TrafficCom held liquid funds in excess of EUR 100 million.

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12. April 2021
Kapsch TrafficCom’s pioneering European technology will connect intelligent traffic lights with driverless buses in Malaga

Madrid, April 12, 2021 – Kapsch TrafficCom (Kapsch) has implemented a connected vehicle (V2X) project in Malaga, Spain for AUTOMOST. This EU-funded R&D project, developed by the bus fleet manager AVANZA together with the City of Malaga and the Port of Malaga, aims to advance the automation of public transport. Kapsch, as an international provider of connected vehicle technology and services, has installed intelligent traffic light controllers that directly transmit SPaT (Signal Phase and Timing) information from the traffic lights to the autonomous bus for each lane accessing the controlled junction. The Malaga City Council, which is committed to Malaga’s development as a technological and innovative “smart city ”, has chosen the port as the test area to develop this autonomous vehicle project and to analyse the benefits of automating public transport in a more controllable way, as it hosts a less complex bus line. Kapsch was selected by the Malaga City Council in 2020 to supply 11 EcoTrafiX™ traffic light controllers with their corresponding roadside units (RSU), which are now connected to the AUTOMOST technology platform to provide real-time information between the buses and infrastructure at select Malaga intersections with traffic lights. They replace the original controllers that did not support SPaT features. The SpaT information provided by Kapsch technology will include current traffic light status and time remaining until the next light change. This will allow the buses and other equipped vehicles to know the exact red, green or yellow light times in advance in order to match their speeds accordingly and manage their autonomous driving. This is an innovative program and the first of its kind in Spain; the technology can simultaneously broadcast a G5 and 5G protocol frequency while sending SpaT information about the traffic lights to all  nearby vehicles. “We are delighted to contribute to the implementation of this innovative project, which reaffirms our commitment to smart urban mobility,” says Javier Aguirrre, CEO and President of Kapsch for Spain and Portugal . “Connected vehicle and autonomous driving technologies open up great opportunities. Malaga, a Spanish benchmark for Smart Cities, has been using Kapsch solutions for years to manage the city's traffic in an integrated way. Now, with this initiative, it has once again become a pioneer in applying technology to improve the lives of its citizens.”   The EcoTrafiX™ Controller enables efficient, safe, and sustainable mobility by setting priorities for public transport, emergency vehicles, bicycles, or pedestrians depending on the unique needs of each project. EcoTrafiX™ can operate with different protocols (UNE, NTCIP, UTMC) and adapts to any type of operation whether in isolated mode, under centralised control, or with adaptive traffic control systems. The Kapsch RIS-9160 RSU provides fast data exchange between the vehicle and infrastructure.

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Kapsch TrafficCom Headquarters