Corporate release
Kapsch TrafficCom – Results for the first quarter 2020/21.
Headlines.
- Termination of several major projects, an ongoing personnel shortage in North America and additional expenses for the implementation of new software lead to a decline in revenues and earnings.
- No dividend for 2019/20.
- Program launched to reduce costs and increase efficiency.
- Still too many uncertainties for quantitative outlook on full year 2020/21.
“We are currently in a period of weakness. However, I am convinced that we are taking the right steps to quickly put the company back on the road to success“, says Georg Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise stated, all values in EUR million | Q1 2019/20 | Q1 2020/21 | +/- |
---|---|---|---|
Revenues | 186.2 | 138.5 | -25.6% |
EBIT | 4.6 | -11.3 | > -100% |
EBIT margin | 2.4% | -8.2% | -10.6% |
Profit for the period | 2.4 | -10.0 | > -100% |
Earnings per share (EUR) | 0.19 | -0.77 | > -100% |
Vienna, August 12, 2020 – The final earnings for the first quarter of financial year 2020/21 published today by Kapsch TrafficCom hardly differ from the anticipated revenues and operating profit (EBIT) announced on July 24, 2020.
Revenues decreased by approximately 26% to
By contrast, revenues continued to rise in the Americas region (North, Central, and South America). The critical factor here was the strong implementation business. In the APAC region (Asia-Pacific), revenues fell by 7%.
The EBIT was at
In Q1 2020/21, Kapsch TrafficCom achieved earnings for the period attributable to equity holders of
In anticipation of a difficult financial year, Kapsch TrafficCom has launched a program to both define short-term cost reduction measures and to create the basis for sustainable growth. The goals include sustainable cost reductions in the double-digit million range and the cushioning of negative factors influencing earnings in the current financial year. The first measures are already being implemented and more will follow. As a sign of how seriously management takes this program, the members of the Executive Board and the 15 executives on the Global Leadership Team are waiving 10% of their fixed salary for at least six months.
It is not yet possible to quantify the effects of
From today’s point of view, management expects profitability for financial year 2020/21 to be significantly better than in the previous year. Based on the performance in Q1, achieving a positive EBIT is expected to be much more challenging than originally anticipated, given the low visibility and uncertainties surrounding
Segment results.
In Q1 2020/21, 77% of the revenues were attributed to the ETC segment and 23% to the IMS segment. 48% of revenues were generated in the Europe, Middle East, and Africa (EMEA) region, 47% in the Americas region (North, Central, and South America), and 5% in the Asia-Pacific (APAC) region.
ETC (Electronic toll collection). Unless otherwise stated, all values in EUR million |
Q1 2019/20 | Q1 2020/21 | +/- |
---|---|---|---|
Revenues | 147.0 | 106.0 | -27.9% |
EBIT | 7.6 | -8.9 | > -100% |
EBIT margin | 5.2% | -8.4% | -13.6% |
In Q1 2020/21, ETC revenues fell to
IMS (Intelligent mobility solutions). Unless otherwise stated, all values in EUR million |
Q1 2019/20 | Q1 2020/21 | +/- |
---|---|---|---|
Revenues | 39.1 | 32.5 | -17.0% |
EBIT | -3.1 | -2.5 | 20.1% |
EBIT margin | -7.9% | -7.6% | 0.3% |
In Q1 2020/21, segment revenues totaled
The highlights report of the first quarter 2020/21 will be available at www.kapsch.net/ktc/ir from today at 7:35 am.
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
Kapsch has brought projects to fruition in more than 50 countries around the globe. With
As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of
Press contact:
Executive Vice President Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1710
carolin.treichl@kapsch.net
Public Relations
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1705
mohamed.thaler-youssef@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