Press release
Kapsch TrafficCom – Revenues exceed EUR 500 million after nine months for the first time, profitability under pressure, strong free cash flow
Highlights.
- Revenue increase of 7.5% to
EUR 506.9 million - EBIT in Q3 under pressure, but still positive in
Q1-Q3 after adjustment for extraordinary effects - Free cash flow of
EUR 40.6 million - Net credit of
EUR 26.1 million
“For the first time, we have exceeded the revenue threshold of
Unless otherwise stated, all values in EUR million | Q1-Q3 2017/18 | Q1-Q3 2016/17 | +/- |
---|---|---|---|
Revenues | 506.9 | 471.5 | 7.5% |
EBIT | 35.3 | 43.0 | -17.8% |
EBIT margin | 7.0% | 9.1% | -2.1%p |
Profit for the period | 22.9 | 29.4 | -22.0% |
Earnings per share (EUR) | 1.82 | 2.31 | -21.3% |
Vienna, February 28, 2018 – Kapsch TrafficCom was able to increase revenues by 7.5% to
The EBIT of
- Negative currency effects, primarily from fluctuations in the exchange rate of the euro against the US dollar and the Swedish krona, affected the EBIT in the amount of
EUR -4.8 million (net). This corresponds to a difference in the amount ofEUR -9.0 million from the positive effect in the reference period of the previous year. Operational currency effects occur when foreign currency receivables and payables are posted, but paid only at a later point in time, and the exchange rate changes during this period of time.
- Following an acquisition, the EBIT in
Q1-Q3 2016/17 contained a positiveone-time effect in the amount ofEUR 3.0 million.
- In the course of extending the tolling project in the Czech Republic in 2016, Kapsch TrafficCom lowered prices. This has an impact on the company’s profitability this fiscal year.
When adjusted by the first two points – i.e., the known
The financial result declined to
The profit for the first three quarters 2017/18 amounted to
Segment results.
In Q1-Q3 2017/18, 76.3% of the revenues fell to the ETC segment and 23.7% to the IMS segment.
ETC ((Electronic Toll Collection). Unless otherwise stated, all values in EUR million |
Q1-Q3 2017/18 | Q1-Q3 2016/17 | +/- |
---|---|---|---|
Revenues | 386.9 | 346.6 | 11.6% |
EBIT | 41.8 | 54.8 | -23.7% |
EBIT margin | 10.8% | 15.8% | -5.0%p |
The EBIT in Q1-Q3 2016/17 included a positive
IMS (Intelligent Mobility Solutions). Unless otherwise stated, all values in EUR million |
Q1-Q3 2017/18 | Q1-Q3 2016/17 | +/- |
---|---|---|---|
Revenues | 120.0 | 125.0 | -4.0% |
EBIT | -6.5 | -11.8 | -45.1% |
EBIT margin | -5.4% | -9.5% | 4.1%p |
The EBIT in Q1-Q3 2016/17 included a positive
Free cash flow and balance sheet.
While the free cash flow was negative at the middle of the year, the payment of receivables, in particular from Austria, Belarus, and Sweden in the preceding quarter led to a positive value of
The balance sheet total decreased from
Outlook.
The company expects a dynamic fourth quarter, in which revenue will increase once again as compared to the previous year. It continues to be the goal to reach again the EBIT of the past year — adjusted for the
You can find the Q1-Q3 2017/18 report 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. 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