DGAP-News: init innovation in traffic systems SE achieves growth targets for 2019 and increases its margin significantly
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DGAP-News: init innovation in traffic systems SE
/ Key word(s): Preliminary Results/Annual Results
- Growth target of 15 percent achieved: Revenues increase to EUR 156m (previous year: EUR 135.7m) init innovation in traffic systems SE (ISIN DE 0005759807) achieved the growth targets set for 2019 and particularly the EBIT margin was increased significantly as indicated by the provisional figures of the past financial year that are now available. Based on these figures, revenues of EUR 156m (previous year: EUR 135.7m) set a new record. Operating earnings before interest and taxes (EBIT) more than doubled compared to the previous year (EUR 6.4m). At EUR 16m, it is slightly above the target corridor. "Our measures to improve the earnings margin are showing effect. With an EBIT margin of more than 10 percent, we have achieved our milestone," comments CFO Jennifer Bodenseh. The efficiency improvement measures implemented are increasingly showing positive effects in all group companies. At the same time, investments in e-ticketing and electromobility are bearing fruit with growth. Due to the particularly good EBIT development, operating cash flow also increased significantly to more than EUR 20m. The incoming orders achieved in 2019 exhibit sustained strong growth for the init group. At EUR 160m (previous year: EUR 161.8m), incoming orders are still higher than annual revenues, matching the record level of the previous year. Order backlog at year-end 2019 reached EUR 151m and is thus above the previous-year figure (EUR 142.6m). "2019 was an excellent year for us. Our investments in pioneering technologies are paying off. We will roll out further innovative products and are already working on the next generation of our integrated product range," said the init Managing Board. The final figures, the complete annual report for 2019 and the forecast for financial year 2020 to be presented and explained by the Managing Board at the Annual Press and Analyst Conference on 25 March 2020 in Frankfurt am Main.
Contact: Person making the notification: Simone Fritz Investor Relations [email protected]
03.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | init innovation in traffic systems SE |
| Käppelestraße 4-10 | |
| 76131 Karlsruhe | |
| Germany | |
| Phone: | +49 (0)721 6100 0 |
| Fax: | +49 (0)721 6100 399 |
| E-mail: | [email protected] |
| Internet: | www.initse.com |
| ISIN: | DE0005759807 |
| WKN: | 575980 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 988525 |
| End of News | DGAP News Service |
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988525 03.03.2020
Init Innovation In Traffic Systems SE Stock
Currently there is a rather positive sentiment for Init Innovation In Traffic Systems SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 52 € shows a positive potential of 25.91% compared to the current price of 41.3 € for Init Innovation In Traffic Systems SE.
