Corporate release
Kapsch TrafficCom – Results for the first half of 2018/19.
Highlights
- Second quarter 2018/19 sequentially much better, but weaker year-on-year
- Deferments in certain projects had an impact on revenues and EBIT
- By the end of the fiscal year, decisions on the awarding of further major projects are expected
- Outlook confirmed: Revenues and EBIT at previous year‘s level
“After disappointing first three months we managed to achieve a significant improvement in the second quarter of the current fiscal year. That we are heading in the right direction is also demonstrated by the various new orders that we have announced in the last few weeks. And we are working hard to report further major successes by the end of the fiscal year“, says Georg Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise stated, all values in EUR million | Q2 2017/18 | Q2 2018/19 | +/- | H1 2017/18 | H1 2018/19 | +/- |
---|---|---|---|---|---|---|
Revenues | 175.6 | 177.6 | +1.2% | 339.8 | 335.8 | -1.2% |
EBIT | 13.5 | 10.7 | -21.1% | 25.3 | 17.8 | -29.5% |
EBIT margin | 7.7% | 6.0% | -1.7%p | 7.4% | 5.3% | -2.1%p |
Profit for the period | 7.5 | 5.9 | -21.0% | 14.1 | 8.4 | -40.4% |
Earnings per share (EUR) | 0.58 | 0.49 | -15.7% | 1.10 | 0.70 | -36.8% |
Vienna, November 21, 2018 – In the first half of the current fiscal year, Kapsch TrafficCom’s revenues reached
Like the first quarter as a whole, the beginning of the second quarter was still influenced by deferments within existing implementation projects (ETC segment). After a traditionally calm August, a good September helped us achieve quarterly revenues 12.3% above the figure for the first three months of the fiscal year and at the level of the comparable quarter of the previous year. The result from operating activities (EBIT) rose sequentially by 50.3%, but was
The financial result in the first half of 2018/19 remained stable compared with the same period of the previous year. Tax expenses fell to
The free cash flow of
Segment results.
In the first half of 2018/19, 78.1% of the revenues were attributed to the ETC segment and 21.9% to the IMS segment.
ETC (Electronic toll collection). |
Q2 2017/18 | Q2 2018/19 | +/- | H1 2017/18 | H1 2018/19 | +/- |
---|---|---|---|---|---|---|
Revenues | 137.4 | 142.6 | +3.8% | 260.7 | 262.1 | +0.5% |
EBIT | 17.4 | 17.8 | +2.2% | 32.1 | 24.8 | -22.7% |
EBIT margin | 12.7% | 12.5% | -0.2%p | 12.3% | 9.5% | -2.8%p |
In the second quarter 2018/19, Kapsch TrafficCom succeeded in increasing
In the first half of the year, ETC revenues rose by 0.5% to
In the first half of 2018/19, Kapsch TrafficCom sold 6.77 million
IMS (Intelligent mobility solutions). |
Q2 2017/18 | Q2 2018/19 | +/- | H1 2017/18 | H! 2018/19 | +/- |
---|---|---|---|---|---|---|
Revenues | 38.2 | 35.0 | -8.2% | 79.1 | 73.7 | -6.8% |
EBIT | -3.9 | -7.1 | -83.0% | -6.8 | -7.0 | -2.8% |
EBIT margin | -10.2% | -20.4% | -10.2%p | -8.6% | -9.5% | -0.9%p |
In the second quarter 2018/19,
The segment’s revenues for the first half of 2018/19 amounted to
Outlook.
Despite already winning numerous and in some cases substantial projects in the current financial year, Kapsch TrafficCom continues to work intensively on exciting opportunities.
The management expects to reach revenues and EBIT for the current fiscal year to reach the previous year’s level. Naturally, any currency and special effects are not taken into account. The departure of the United Kingdom from the EU (Brexit) in spring 2019 should not have a significant impact on Kapsch TrafficCom’s results. The company’s local revenues there are in the single-digit million range.
Today, from 7:35 (CET), you can find the report on the first half of 2018/19 as well as further materials regarding the results at: 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 5,200 employees, and generated revenue of approximately
Press contact:
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Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
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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