EANS-Adhoc: Kapsch TrafficCom releases results for the first half of fiscal year 2010/11

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6-month report

26.11.2010

Revenues: + 85 % to EUR 146.5 million (H1 of previous year: EUR 79.4
million) EBITDA: EUR 24.0 million (H1 of previous year: EUR -0.6
million) EBIT: EUR 18.2 million (H1 of previous year: EUR -4.5
million) Equity ratio: 55.1 % as of 30 September 2010 (48.6 % as of
30 September 2009)

Vienna, 26 November 2010 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment,
increased revenues of the Kapsch TrafficCom Group by 85 % in the
first half of fiscal year 2010/11 (FY11-H1) compared with the same
period of the previous fiscal year (FY11-H1). In contrast to negative
earnings in FY10-H1, Kapsch TrafficCom Group recorded clearly
positive earnings in FY11-H1.

Revenues and earnings In the first half of fiscal year 2010/11 (1
April 2010 to 30 September 2010), the Kapsch TrafficCom Group
generated revenues of EUR 146.5 million, an increase of 85 % compared
with the same period of the previous fiscal year (FY11-H1: EUR 79.4
million). Whereas EBIT was negative at EUR -4.5 million in the first
half of 2009/10, it turned back clearly positive to EUR 18.2 million
in the first half of the current fiscal year, representing an EBIT
margin of 12.5 %. In line with the expectations of management, the
free cash flow was negative at EUR -21.2 million, mainly due to
working capital requirements during the implementation phase of the
continent's first large electronic toll collection (ETC) system in
South Africa.

By segment, the first half of the current fiscal year showed a
continuing strong performance of the segment Services, System
Extensions, Components Sales (SEC), which includes the recurring part
of the business of the Kapsch TrafficCom Group. At EUR 90.3 million,
revenues increased by 39 % compared with the same period of the
previous fiscal year. At approximately 1.5 million units delivered in
the first half of fiscal year 2010/11, the on-board units (OBUs)
business remained strong. The EBIT of the segment SEC increased from
EUR 9.9 million by 75 % to EUR 17.3 million, representing an EBIT
margin of 19.1 % (FY10-H1: 15.2 %).

The second large segment Road Solution Projects (RSP), which includes
the project business, more than quintupled revenues from EUR 10.2
million in the first half of the previous fiscal year to EUR 52.8
million in the first half of the current fiscal year. Kapsch
TrafficCom is particularly pleased that the EBIT of the segment RSP
was positive at EUR 0.8 million in the first half of the current
fiscal year after several quarters of, in part, clearly negative
earnings. The improvement of the segment RSP was largely attributable
to the progress of the project in South Africa.

Financial position and cashflows With an equity ratio of 55.1 % as of
30 September 2010, the balance sheet remains strong despite the
payment of a dividend of EUR 9.2 million. The dividend of EUR 0.75
per share represents a payout ratio of approximately 28 % on earnings
per share of EUR 2.64 in fiscal year 2009/10. In the first half of
the current fiscal year, earnings per share were at EUR 0.92
(FY10-H1: 0.05). The equity ratio is expected to decrease in the
third quarter after the successful placement of a 4.25 % corporate
bond with a tenor of seven years and a volume of EUR 75 million
(bullet repayment at maturity) on 3 November 2010.

Outlook With a view to the second half of fiscal year 2010/11, the
remaining six months will be shaped by the realization of the
projects in South Africa and Poland, the participation in tenders and
by project awards in France, Hungary, Slovenia and Denmark as well as
the closing and the integration of Mark IV IVHS in North America.

The report on the first half of fiscal year 2010/11 can be downloaded
at www.kapschtraffic.com/Investor Relations/Financial information.

Kapsch TrafficCom is an international supplier of superior
intelligent transportation systems (ITS). 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 approximately 240 references in
39 countries on all 5 continents, and with more than 19 million
on-board units (OBUs) delivered and more than 13,000 lanes equipped,
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
25 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