Press release
Kapsch TrafficCom – Stronger second quarter: The Group continues growth.
Highlights.
- Revenues increased by 11.3% to
EUR 339.8 million - Second quarter of 2017/18 was positive both sequentially and
year-on-year - EBIT for the first half 2017/18 is 12.1% below last year’s comparison value
- Net debt of
EUR -15.7 million (gearing ratio: 7.1%) - Nation-wide road safety and traffic management concession in Zambia
- After the end of the quarter: awarded contract for a nation-wide toll system in Bulgaria
“The second quarter was positive both sequentially and year-on-year. Revenues continued to increase and the operating result (EBIT) rose as well. Furthermore, I am delighted that for the first time Kapsch TrafficCom employed more than 5,000 employees worldwide as of the quarterly reporting date,” says Georg Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise stated, all values in EUR million | H1 2017/18 | H1 2016/17 | +/- |
---|---|---|---|
Revenues | 339.8 | 305.4 | 11.3% |
EBIT | 25.3 | 28.7 | -12.1% |
EBIT margin | 7.4% | 9.4% | -2.0%p |
Profit for the period | 14.1 | 20.1 | -30.1% |
Earnings per share (EUR) | 1.12 | 1.58 | -29.2% |
Vienna, November 29, 2017 – Kapsch TrafficCom increased revenues by 11.3% to
The EBIT of
- Negative currency effects, mainly from the USD, ZAR and SEK currencies, placed a burden of
EUR 5.9 million on the EBIT, i.e.,EUR 8.2 million more than in H1 2016/17.
- The EBIT in H1 2016/17 contained a positive
one-time effect ofEUR 3.0 million.
- In the course of extending the tolling project in the Czech Republic in 2016, it was necessary to lower prices. This has an impact on profitability this fiscal year. The decline in profits should be offset by profitable new business.
- After the integration of the transportation business acquired from Schneider Electric in 2016 the synergies have not been fully realized in the US. In order to advance this process, a number of measures have been taken and already implemented in some cases. Positive effects should gradually become noticeable in the current fiscal year.
When adjusted by the first two points – i.e., the known
The higher currency losses
Segment results.
In H1 2017/18, 76.7% of the revenue fell to the ETC segment and 23.3% to the IMS segment.
ETC ((Electronic Toll Collection). Unless otherwise stated, all values in EUR million |
H1 2017/18 | H1 2016/17 | +/- |
---|---|---|---|
Revenues | 260.7 | 224.9 | 15.9% |
EBIT | 32.1 | 34.2 | -6.1% |
EBIT margin | 12.3% | 15.2% | -2.9%p |
The EBIT in H1 2016/17 included a positive
IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million |
H1 2017/18 | H1 2016/17 | +/- |
---|---|---|---|
Revenues | 79.1 | 80.5 | -1.7% |
EBIT | -6.8 | -5.4 | -25.7% |
EBIT margin | -8.6% | -6.8% | -1.9%p |
The EBIT in H1 2016/17 included a positive
Free cash flow and balance sheet.
In particular, the strong increase in trade receivable of
Outlook.
The corporate bond issued in 2010 was repaid as scheduled at the beginning of November. In 2016, Kapsch TrafficCom obtained the funds necessary for this by issuing a promissory note bond. The repayment of the 4.25% bond will discharge the interest income and has a shortening effect on the balance sheet. This has a positive effect on the equity ratio. However, it is currently examined whether the company can use the favorable interest rate environment in the medium or long term.
The company expects an increase in revenues of approximately 10% for the current fiscal year. Nevertheless, it will be a challenge to again reach the EBIT of the previous year, adjusted for the
You can find the report on the first half of 2017/18 at: www.kapsch.net/ktc/ir/
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