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euro adhoc: Kapsch TrafficCom AG / Financial Figures/Balance Sheet / Kapsch TrafficCom with significant increase in revenues, earnings and cash flow in the first half of fiscal year 2008/09

Geschrieben am 18-11-2008


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

18.11.2008

Vienna, 18 November 2008 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment,
reported a considerable increase in revenues and a disproportionate
increase in earnings during the first half of fiscal year 2008/09 as
compared to the same period in the previous fiscal year. The Kapsch
TrafficCom Group generated a clear positive free cash flow and
advanced its cash position significantly.

Revenues and earnings Improvements in both large segments - SEC
(Services, System Extensions, Components Sales) and RSP (Road
Solution Projects) - resulted in a considerable increase in revenues
of Kapsch TrafficCom Group, up 58 % from EUR 68.8 million to EUR
108.5 million in the first six months of the current fiscal year
compared to the same period of the previous fiscal year. Broken down
by segment, the RSP segment reported an increase in revenues to EUR
40.2 million (first half of previous fiscal year: EUR 13.2 million)
in the first half of the current fiscal year due to increased
business volumes. The performance of the SEC segment remained strong,
generating revenues of EUR 64.2 million during the first six months
of the current fiscal year, 27 % up from EUR 50.4 million recorded
during the same period in the previous fiscal year. This increase is
primarily attributable to a significant increase in sales of
components and recurring revenues from operations. The Others (OTH)
segment recorded revenues of EUR 4.2 million for the first six months
of the current fiscal year, down from EUR 5.2 million during the same
period in the previous fiscal year.

For the same period, Kapsch TrafficCom Group is reporting improved
earnings in excess of the increase in revenues. EBIT was up 173 %
from EUR 6.7 million in the first half of the previous fiscal year to
EUR 18.3 million in the same period of the current fiscal year.
Profitability also improved, with the EBIT margin increasing from 9.8
% in the first six months of the previous fiscal year to 16.9 % in
the first six months of the current fiscal year. The analysis by
segment for the first six months of fiscal year 2008/09 shows the RSP
segment increasing from EUR -0.8 million to EUR 4.9 million, the SEC
segment´s EBIT growing from EUR 7.9 million to EUR 14.0 million (up
78 %), and the OTH segment with an EBIT of EUR -0.6 million.

Earnings per share in the first six months of the current fiscal year
increased by 174 % from EUR 0.47 in the same period of the previous
fiscal year to EUR 1.29.

Financial position and cash flows With total assets of EUR 340.5
million and total equity of EUR 138.3 million as of 30 September
2008, the Kapsch TrafficCom Group´s equity ratio was 40.6 %. Kapsch
TrafficCom also clearly strengthened its financial position. In the
first half of fiscal year 2008/09, the Kapsch TrafficCom Group
improved the free cash flow by EUR 52.4 million from EUR -21.3
million in the first six months of the previous fiscal year to EUR
31.1 million in the same period of the current fiscal year. Cash and
cash equivalents for the same period increased from EUR 47.4 million
as of 31 March 2008 to EUR 77.5 million as of 30 September 2008, even
though dividends of approximately EUR 11.0 million were paid and EUR
10.8 million were invested in the acquisition of the "Mobility
Solutions" business of TechnoCom Corporation in the US. This reserve
in liquidity serves as a basis to finance future projects or
strategic acquisitions of companies.

Outlook The management takes an optimistic view on the Company´s
markets even in a changed economic environment. Even if the growth
rates above average in the first half year can presumably not be
continued at the same level for the rest of the year, the management
takes a positive view on the development of Kapsch TrafficCom in the
second half of the fiscal year.

The interim report for the first half of fiscal year 2008/09 can be
downloaded at www.kapschtraffic.com / Investor Relations / Financial
information.

Kapsch TrafficCom is an international supplier of innovative road
traffic telematics solutions. Its principle business is the
development and supply of electronic toll collection (ETC) systems,
in particular for the multi-lane free-flow (MLFF) of the traffic, 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 210 references in 33 countries in
Europe, Australia, Latin America, in the Middle-East, in the
Asian/Pacific region and in South Africa, and with almost 13 million
delivered on-board units (OBUs) and nearly 11,300 equipped lanes,
Kapsch TrafficCom has positioned itself among the leading suppliers
of ETC systems worldwide. Kapsch TrafficCom is headquartered in
Vienna, Austria, and has subsidiaries and representative offices in
22 countries.

Disclaimer This ad-hoc release constitutes neither an offer to sell
nor a solicitation to buy any securities. The securities have already
been sold. This ad-hoc release 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 ad-hoc
release 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
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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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