Ad-hoc | 4 August 2014 14:37
init innovation in traffic systems AG / Key word(s): Half Year Results/Half Year Results
04.08.2014 14:37
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Karlsruhe, 4 August 2014. The first half of 2014 ended with surprisingly
strong earnings growth for init innovation in traffic systems AG (ISIN DE
0005759807). Based on the preliminary figures EBIT exceeded EUR 6.4m
(previous year: EUR 4.2m), which is well above target. This was due to an
increase in the number of hardware deliveries, cost savings and positive
currency effects.
At the end of June revenues of EUR 43.9m (previous year: EUR 37.1m) also
exceeded expectations.
For the full year, the Managing Board continues to expect revenues of
between EUR 103m and EUR 107m and EBIT of between EUR 17m and EUR 19m.
However, this assumes that orders can be processed immediately as in the
first half of the year and that the exchange rate does not deteriorate.
The full interim report for the first half of 2014 will be published on 12
August 2014.
04.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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