EANS-Adhoc: init innovation in traffic systems AG / 2009: init tops sales and earnings expectations for another year

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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03.03.2010

2009: init tops sales and earnings expectations for another year

Karlsruhe, March 3, 2010. init innovation in traffic systems AG once
again exceeded its sales and earnings targets in fiscal 2009. Based
on the provisional figures now available, the global supplier of
telematics, planning and electronic fare payment systems generated
revenues of EUR 65m, up by 16% on the previous year (EUR 56.0m).

Gross profit on sales increased by 33.7% to EUR 23m (2008: EUR
17.2m). Sales and administration costs rose less drastically than
sales. Earnings before interest and taxes (EBIT) in 2009 thus
improved by over 36% to EUR 11.8m (2008: EUR EUR 8.6m). This along
with sales marked the fifth record in a row.

Group profit for the year grew to EUR 8.3m (2008: EUR 5.9m), which
corresponds to earnings per share of EUR 0.84 (2008: EUR 0.60).

In 2009, the growth trend in the market for init solutions remained
unaffected by the general financial and economic crisis. Based on
current figures, it continues to be intact. In the preceding
financial year, init booked new orders worth EUR 92.3m (2008: EUR
70.8m). Incoming orders thus top sales by 42%. The order volume as at
the end of 2009 totalled EUR 132m, some 17% above the prior-year
figure (EUR 112.8m).

In 2010, init expects again a great number of tenders, as additional
funds in the billions will be made available worldwide within the
context of economic aid programmes to develop intelligent transport
infrastructure. Against this background, the Managing Board projects
an increase in sales and EBIT by at least 10%.

The 2009 annual financial statements and detailed prospects for 2010
will be presented by the Managing Board at the press and analyst
conference on the financial statements held in Frankfurt on March 30,
2010.

end of announcement euro adhoc
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ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Alexandra Weiß

Investor Relations

Telefon: +49(0)721 6100-102

E-Mail: aweiss@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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München / free trade