EANS-Adhoc: Kapsch TrafficCom releases results for the first quarter of Fiscal Year 2009/10 (FY10-Q1)

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quarterly report

24.08.2009

Revenues: EUR 34.4 million (FY09-Q1: EUR 60.4 million) EBITDA: EUR
-3.7 million (FY09-Q1: EUR 12.2 million) EBIT: EUR -5.5 million
(FY09-Q1: EUR 11.3 million) Profit after tax: EUR -1.5 million
(FY09-Q1: EUR 11.2 million) Free cash flow: EUR 20.8 million
(FY09-Q1: EUR -8.0 million) Net working capital as of 30 June 2009:
EUR 90.9 million (30 June 2008: EUR 154.4 million)

Vienna, 24 August 2009 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed in the prime market segment of the Vienna Stock Exchange,
reported a decrease in consolidated revenues at reduced earnings in
the first quarter of fiscal year 2009/10 (FY10-Q1) as compared to the
same period in the previous fiscal year 2007/08 (FY09-Q1). Kapsch
TrafficCom Group, the international supplier of innovative road
traffic telematics solutions, generated a clearly positive free cash
flow and significantly reduced its net working capital.

Revenues and earnings The first three months of the current fiscal
year 2009/10 (FY10-Q1) may be compared to the same period of the
previous fiscal year only to a limited degree. In the first quarter
of 2008/09 (FY09-Q1), Kapsch TrafficCom significantly increased
revenues and earnings even in excess of the revenue increase compared
to the same period of the fiscal year 2007/08 (FY08-Q1) due to the
realization of project revenues from partial deliveries for the
nationwide electronic truck tolling system in the Czech Republic
(phase II) and due to the implementation of an electronic toll
collection system in New Zealand. Against this background, and due to
the lack of a comparable project realization in the first quarter of
fiscal year 2009/10, the revenues of the Kapsch TrafficCom Group
decreased by 43 % to EUR 34.4 million (FY09-Q1: EUR 60.4 million;
FY08-Q1: EUR 33.8 million) in the first quarter 2009/10.

Due to decreased revenues and continuing large investments in the
expansion into new markets, particularly the U.S.A., the EBIT
amounted to EUR minus 5.5 million (FY09-Q1: EUR 11.3 million;
FY08-Q1: EUR 3.9 million). In contrast to the last quarter of the
previous fiscal year (FY09-Q4), the financial result turned back
positive, thereby resulting in a profit before tax of EUR minus 2.1
million (FY09-Q1: EUR 15.4 million; FY08-Q1: EUR 4.0 million) and a
profit after tax of EUR minus 1.5 million (FY09-Q1: EUR 11.2 million;
FY08-Q1: EUR 2.9 million), at lower loss levels than the EBIT.

Broken down by segments, with revenues of EUR 2.5 million (FY09-Q1:
EUR 26.3 million) at an EBIT of EUR minus 9.9 million (FY09-Q1: EUR
4.8 million), the Road Solution Projects (RSP) segment recorded a
considerable decrease against the same period of the previous fiscal
year. The Services, System Extensions Components Sales (SEC) segment
was close to the level in the first quarter of the previous fiscal
year with revenues of EUR 29.9 million (FY09-Q1: EUR 32.1 million),
at an EBIT at EUR 4.5 million (FY09-Q1: EUR 6.2 million). This
decrease is primarily attributable to fewer system extensions
compared to the previous year.

Financial position and cash flows The Kapsch TrafficCom Group clearly
improved its free cash flow in the first three months of the fiscal
year 2009/10 to EUR 20.8 million against EUR minus 8.0 million during
the same period of the previous fiscal year.

With total assets of EUR 291.9 million as of 30 June 2009, down by 15
% from EUR 341.5 million (30 June 2008), the Kapsch TrafficCom
Group´s equity ratio was at 43.2 % (30 June 2008: 42.3 %) as of 30
June 2009 reflecting a continuing strong balance sheet.

The first quarter of the current fiscal year stood out by a
significant reduction of the net working capital. At EUR 90.9 million
as of 30 June 2009, it was down by 41 % from EUR 154.4 million as of
30 June 2008. Net assets were up by 47 % from the EUR 17.6 million as
of 30 June 2008 to EUR 25.9 million as of 30 June 2009.

Outlook With the fiscal year 2009/10 in mind, the company takes an
optimistic long-term view on its markets even in a changed economic
environment. The fiscal year 2009/10 will be shaped by participation
in tenders and by project awards in Hungary, Slovenia, France,
Portugal, South Africa, and in the U.S.A.

The report on the first quarter of Fiscal Year 2009/10 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 220 references in 36 countries in
all five continents, and with almost 15 million delivered on-board
units (OBUs) and more than 13,000 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 23 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 1120

Am Europlatz 2, A-1120 Vienna, Austria

E-mail: ir.kapschtraffic@kapsch.net

www.kapschtraffic.com

Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wien / official market