Press release
Kapsch TrafficCom – Mixed results in the first quarter, but promising new business opportunities
Highlights.
- Revenues increased by 7.9% to
EUR 164.3 million - EBIT is -33.4% below last year’s comparison value which included a
one-time effect - Profit for the period has also dropped (-46.2%)
- No net debt: net credit of
EUR 13.4 million - After the end of the quarter: takeover of the remaining 67% of shares in SIMEX, Mexico
“Even though the results of the first quarter of 2017/18 were not satisfactory in my opinion, I am convinced that we are on the right path. Potential improvements have been recognized and are being implemented; promising new business opportunities are being processed by our teams with their full commitment,” says Georg Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise stated, all values in EUR million | Q1 2017/18 | +/- | Q1 2016/17 |
---|---|---|---|
Revenues | 164.3 | 7.9% | 152.3 |
EBIT | 11.7 | -33.4% | 17.6 |
EBIT margin | 7.1% | -4.4% | 11.6% |
Profit for the period | 6.6 | -46.7% | 12.4 |
Earnings per share (EUR) | 0.52 | -46.2% | 0.97 |
Vienna, August 30, 2017 – Kapsch TrafficCom had to accept a
- In the course of extending the tolling project in the Czech Republic, it was necessary for the company to lower the prices. The aim is to offset the resulting decline in profits through profitable new business during the next quarters.
- After the integration of the transportation business acquired from Schneider Electric, the synergies were not yet fully realized in the US.
- Negative currency effects – mainly from the currency combinations EUR/USD and EUR/ZAR – placed a burden of
EUR 3.8 million on the EBIT, i.e.EUR 2.5 million more than in Q1 2016/17.
- Moreover, the EBIT contained a positive
one-time effect in the amount ofEUR 3.0 million in the first quarter 2016/17.
When adjusted by the last two points – i.e. the known
The higher currency losses
Segment results.
In Q1 2017/18, 75.1% of the revenue fell to the ETC segment and 24.9% to the IMS segment.
ETC (Tolling Business). Unless otherwise stated, all values in EUR million |
Q1 2017/18 | +/- | Q1 2016/17 |
---|---|---|---|
Revenues | 123.4 | 9.7% | 112.4 |
EBIT | 14.6 | -19.3% | 18.1 |
EBIT margin | 11.9% | -4.3%p | 16.1% |
The EBIT in Q1 2016/17 included a positive
IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million |
Q1 2017/18 | +/- | Q1 2016/17 |
---|---|---|---|
Revenues | 40.9 | 2.7% | 39.8 |
EBIT | -2.9 | -440.6% | -0.5 |
EBIT margin | -7.1% | -5.8%p | -1.4% |
The EBIT in Q1 2016/17 included a positive
Balance sheet.
The free cash flow of the first quarter was negative at
Event after the quarterly closing date.
After the quarterly closing date, Kapsch TrafficCom has taken over the remaining 67% of Mexican intelligent transportation systems (ITS) company SIMEX. Kapsch TrafficCom was already in possession of 33% of the company since 2012. With more than 30 years on the market and 255 employees, SIMEX is an important player in the Mexican ITS market.
Outlook.
Based on the results of this first quarter, it will be a challenge in 2017/18 to achieve the EBIT that Kapsch TrafficCom had in the last fiscal year. This is all the more so if the effects of exchange rate fluctuations – which can only be influenced to a limited extent – will continue to work against the company. However, the management is convinced that the company is on the right path. Potential improvements have been recognized and are now being implemented; the new business opportunities are very promising.
You can find the report on the first quarter of 2017/18 at: www.kapsch.net/ktc/ir/reports
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
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. The family-owned company is headquartered in Vienna, Austria and in 2017 celebrated 125 years of successfully developing and implementing new technologies for the benefit of its customers. 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 4,800 employees, and generated revenue of approximately
Press contact:
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1700
alf.netek@kapsch.net
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1728
alexandra.vieh@kapsch.net
Investor contact:
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1122
ir.kapschtraffic@kapsch.net