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Ad hoc Release

August 29, 2016 - 08:37:20 CEST

Prolongation of the Czech tolling contract signed

Vienna/Prague, 29 August 2016 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed at the Vienna Stock Exchange in the prime market segment, informs that the Czech Minister of Transport has signed an amendment to the existing agreement on the operation of the nationwide toll system for road freight transport. The assignment is valid for a maximum of three years. For this period, the remuneration for Kapsch TrafficCom will be up to 5.3 billion CZK (i.e. approx. 194.6 million EUR). The initial contract with Kapsch TrafficCom would have expired at the end of 2016.

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, city access control and parking space management, traffic management, traffic monitoring, utility vehicle monitoring, electronic vehicle registration and V2X cooperative systems. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers, from components and design to the installation and operation of systems, all from a single source. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.
Reference projects in more than 50 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 33 countries. It has also been listed since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues of EUR 526 million in the 2015/16 fiscal year. The company employs over 4,600 employees worldwide.

 

Press contact:

Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1705
ingrid.lawicka@kapsch.net

Investor contact:

Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1122
ir.kapschtraffic@kapsch.net

 

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