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euro adhoc: Kapsch TrafficCom AG / quarterly or semiannual financial statement / Kapsch TrafficCom AG: First half of 2007/08 fiscal year Not for publication in the United States of America, Canada,

Geschrieben am 22-11-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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quaterly report

22.11.2007

Vienna, 22 November 2007 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment since
26 June 2007, continued its positive performance in the first half of
fiscal 2007/08, posting improved earnings figures against a slight
decline in revenues.

Earnings Volatility of the project business and the Road Solution
Projects (RSP) segment in particular led to a slight decline in
revenues in the first six months of the current fiscal year compared
to the same period during the previous fiscal year, down 5% from EUR
72.6m to EUR 68.8m. Broken down by segment, Road Solution Projects
(RSP) reported a 64% decline in revenues to EUR 13.2m (H1 2006/07:
EUR 36.6m). In the first half year of the previous year, revenues in
the amount of EUR 33.3m were included for the major part of the
construction of phase I of the nationwide truck tolling system in the
Czech Republic though. Tenders for other major project in Central and
Eastern Europe (CEE) in the current fiscal year have been postponed.
The performance of the Services, System Extensions and Components
Sales (SEC) segment improved significantly due to increased business
volumes, generating revenues of EUR 50.4m for the first half of the
fiscal year, 75% higher than the EUR 28.8m achieved during the same
period in the previous fiscal year. This increase is primarily
attributable to the successful technical and commercial operation of
the nationwide truck tolling system in the Czech Republic and a
significant increase in sales of components, particularly on-board
units (OBUs). The Others (OTH) segment recorded revenues of EUR 5.2m,
down about 28% against the same period in the previous fiscal year
(H1 2006/07: EUR 7.2m).

For the first half of 2007/08, Kapsch TrafficCom is reporting
improved earnings. EBITDA was up 26% from EUR 7.6m to EUR 9.6m, while
adjusted operating profit (adjusted EBIT) advanced 37% from EUR 5.6m
to EUR 7.6m. Profitability also improved, with the EBIT margin
improving from 8% to 10%.

The analysis by segment for the first half of fiscal 2007/08 shows
SEC´s EBIT growing from EUR 5.6m to EUR 7.9m (up 41%), with OTH also
improving its EBIT, from EUR -1.2m to EUR -0.3m. In the RSP segment,
expenses relating to preparations in order to participate in tenders
for upcoming large-scale projects in Central and Eastern Europe
(Slovakia and Hungary) and the United Kingdom resulted in a decline
in EBIT from EUR 1.2m to EUR -0.8m. In the first half of 2007/08,
Kapsch TrafficCom recorded a 48% increase in earnings before tax,
from EUR 5.8m to EUR 8.6m. Profit after tax for the period was up 47%
from EUR 4.3m to EUR 6.3m.

Assets and capital structure As of 30 September 2007, Kapsch
TrafficCom´s total assets increased by 26% to EUR 286.0m compared to
31 March 2007. Over the same period, total equity more than doubled,
to EUR 109.1m (31 March 2007: EUR 45.6m), bringing the equity ratio
as of 30 September 2007 to 38%. Due in parts to the successful
initial public offering, net debt as of 31 March 2007 of EUR 12.5m
has been transformed into net assets of EUR 27.1m as of 30 September
2007. The increased net cash outflow from operating activities of EUR
19.3m compared with a net outflow of EUR 2.9m in the same period of
the previous fiscal year reflects project-related increases in
inventories and trade receivables, and a significant decrease in
trade payables. The net cash outflow from investment activities was
EUR -31.4m (H1 2006/07: EUR -3.5m) and is attributable to the
acquisition of securities amounting to EUR 30m.

Outlook The second half of the year will be shaped by participation
in tenders and by project awards in Australia, Chile, Hungary,
Slovakia, South Africa and the United Kingdom. It should be noted
that orders have already been taken in Chile, New Zealand and South
Africa in the first half year. For the nationwide truck tolling
system in the Czech Republic, Kapsch TrafficCom and the customer have
now defined those "first class roads" which will go into operation on
1 January 2008. Kapsch TrafficCom is currently negotiating an
amendment regarding the extension of the Czech nationwide truck
tolling system (phase II).

The interim report for the first half of fiscal 2007/08 can be
downloaded at www.kapschtraffic.com / Investor Relations / Financial
information.

Kapsch TrafficCom is an international supplier of innovative road
traffic telematics systems, products and services. Its principle
business is the development and supply of electronic toll collection
(ETC) systems, in particular MLFF (multi-lane free-flow) ETC systems,
and the technical and commercial operation of such systems. Kapsch
TrafficCom also supplies traffic management systems, with a focus on
road safety and traffic control, and electronic access systems and
parking management. With more than 130 installed tolling systems in
30 countries in Europe, Australia, Latin America, the Asian/Pacific
region and South Africa, and more than nine million transponders and
11,000 equipped lanes, Kapsch TrafficCom has positioned itself among
the market leaders in ETC systems worldwide. Kapsch TrafficCom is
headquartered in Vienna, Austria, and has subsidiaries and
representative offices in 18 countries.

Legal information This stock exchange announcement constitutes
neither an offer to sell nor a solicitation to buy any securities.
The securities have already been sold.

This stock exchange announcement and the information it contains are
not for publication in the United States of America (U.S.A.) and may
not be distributed to U.S. persons (as defined in Regulation S of the
U.S. Securities Act ("Securities Act") of 1933, as amended) or to
publications with a general circulation in the U.S.A. This stock
exchange announcement does not constitute an offer for the sale of
securities or solicitation of an offer to purchase securities in the
U.S.A. The securities of Kapsch TrafficCom AG have not been
registered under the provisions of the Securities Act and may not be
offered, sold or delivered to U.S. persons without prior registration
under or exemption from the registration requirements.

This stock exchange announcement is exclusively addressed to persons
(i) outside the United Kingdom, or (ii) who are investment
professionals for the purposes of article 19(5) U.K. Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), as amended, or (iii) who are included under article
49(2)(a)-(d) of the Order ("high net worth companies, unincorporated
associations, etc.). All such persons are hereinafter referred to as
"Relevant Persons". No person who is not a Relevant Person may take
action on the basis of this press release or the information
contained herein or rely thereon. Investment or investment activities
in connection with this press release are only available to Relevant
Persons, and investment business will only be transacted with
Relevant Persons.


end of announcement euro adhoc 22.11.2007 18:03:03
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ots Originaltext: Kapsch TrafficCom AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1122
Wagenseilgasse 1, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com

Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / official market


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