euro adhoc: init innovation in traffic systems AG / Financial Figures/Balance Sheet / init continues from record to record and exceeds 2006 earnings target

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annual report

27.02.2007

In 2006, init innovation in traffic systems AG attained the best
results in terms sales and profitability in its entire history.
According to preliminary figures (IFRS), the operating result before
interest and taxes (EBIT) improved to 5.5 mill. Euro (2005: 4.2 mill.
Euro). While exceeding the prior-year record by 30 percent, it also
tops projections by approximately 20 percent (4.6 mill. Euro). The
net profit increased even more significantly on the previous year, by
approximately 31 percent to 3.4 mill. Euro (2005: 2.6 mill. Euro).
This results in net earnings per share of 0.36 Euro (2005: 0.26
Euro). At 36.3 mill. Euro, the sales revenues also rose by 8,5
percent above the previous record in 2005 (33.4 mill. Euro). The
Karlsruhe-based complete supplier of telematics and electronic fare
collection systems for buses and trains thus managed to improve its
EBIT margin to over 15 percent (2005: 12.6 percent). This improvement
is due on the one hand to the equipping of vehicle fleets with
related economies of scale, but is also the result of drastically
tightened cost of production. The current fiscal year is expected to
continue the impressive growth dynamics of init. At 61.1 mill. Euro,
the cushion of existing orders as at the end of last year was still
up by 12,3% on the previous year (54.4 mill. Euro). The final figures
for the 2006 fiscal year, the complete annual report and the
prospects for 2007 will be published at the press conference on
financial statements on March 28.

end of announcement euro adhoc 27.02.2007 14:17:09
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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, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
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Bayerische Börse / free trade