EANS-Adhoc: init innovation in traffic systems AG / init raises annual projections after new record quarter - sales and earnings growth further accelerated

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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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9-month report

29.10.2010

Karlsruhe, 29 October 2010. init innovation in traffic systems AG
writes yet another record quarter, prompting the company to raise its
projections for the 2010 financial year. With growth accelerating
further in the third quarter of 2010, the Managing Board expects
sales to total around EUR 78m for the year (to date: EUR 72m), with
earnings before interest and taxes (EBIT) amounting to EUR 15m (to
date: EUR 13m).

Based on the preliminary figures now available, the internationally
active supplier for telematics, planning and electronic fare
collection systems gen-erated revenues of EUR 24.8m between July and
the end of September 2010 (previous year: EUR 20.5m). This makes the
third quarter of 2010 the strongest in init´s entire history.

Cumulative consolidated sales in the first nine months improved by
almost 30 per cent on the previous year, to EUR 57.4m (2009: EUR
44.3m), thus notably exceeding expectations. Some 60 per cent were
generated in international business, the most considerable increases
were due to ongoing major projects in North America and in Germany,
the company´s domestic market.

Earnings before interest and taxes (EBIT) improved by over 54 per
cent to EUR 11.1m at the end of September (2009: EUR 7.2m). At group
level, net profit for the period rose to EUR 7.2m (2009: EUR 5.2m),
corresponding to earnings per share of EUR 0.72 (2009: EUR 0.54).

Due to the inflow of funds from major projects, init also saw a new
record in its operating cash flow, up at EUR 8.4m (2009: EUR 0.1m).
Further payments are expected by the end of the year, which means
that cash and cash equivalents (end of September: EUR 12.5m, 2009:
EUR 3.9m) will further increase.

Despite the fact that some contracts expected in the third quarter
have been postponed, init was able to generate new contracts worth
EUR 15.6m. The order volume totalled EUR 119m on 30 September,
providing init with a solid base for the coming financial year. Add
to this the fact that several major international projects are
pending a decision on contract allocation over the next few months.
On the whole, the Managing Board sees excellent chances for init
innovation in traffic systems AG to continue its course for success
throughout the record year 2010.

The full nine-month report for the 2010 financial year will be
published on 12 November.

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 Wirthmann

init innovation in traffic systems AG

Investor Relations

Telefon: +49(0)721 6100-102

E-Mail: awirthmann@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
Hamburg / free trade
Stuttgart / free trade
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München / free trade