EANS-Adhoc: Kapsch TrafficCom AG / Kapsch TrafficCom records highest operating results in its history

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annual report

08.06.2011

- Revenues and EBIT almost doubled
- Proposed dividend of EUR 1.00 per share **
- Promising outlook on further market development

Fiscal Year +/- % Fiscal Year
2010/11 2009/10
Revenues (in EUR million) 388.6 80 % 216.0
EBIT (in EUR million) 48.9 99 % 24.5
Adjusted profit for the period * 28.4 27 % 22.5
(in EUR million)
Adjusted earnings per share* 1.81 21 % 1.49
(in EUR)
Dividend per share (in EUR) 1.00** 0.75

* 2010/2011 as reported; 2009/2010 excludes the EUR 14 million fair
value adjustment (increase) of the stake in Q-Free ASA, Norway.
2009/2010 reported profit amounted to EUR 36.5 million and earnings
per share amounted to EUR 2.64.

** proposal of managing board subject to approval of the
shareholders´ meeting.

Vienna, 8 June 2011 - Revenues of Kapsch TrafficCom Group in the
fiscal year 2010/2011 increased by 80% as compared to the previous
fiscal year and reached an all-time high of EUR 388.6 million. EBIT
in the fiscal year 2010/2011 increased by 99% year-on-year to another
all-time high of EUR 48.9 million. The EBIT margin increased to 12.6%
compared to 11.4% during the previous fiscal year.

The development of the business of Kapsch TrafficCom Group in the
last fiscal year was primarily driven by the segment SEC (Services,
System Extensions, Components Sales), representing the recurring part
of the Group´s business, and by the segment RSP (Road Solution
Projects), which represents the large-scale project business. In the
segment SEC, revenues increased by 38% year-on-year to EUR 223.3
million. This positive development was primarily attributable to a
record volume of 5.2 million on-board units delivered (previous
fiscal year: 3.5 million units), the first-time consolidation of
acquired companies during the fiscal year 2010/2011 as well as higher
operating revenues in the Czech Republic and in Austria. In both
countries, performance rates of the nationwide electronic truck
tolling systems increased from already high levels, resulting in
higher bonus payments to Kapsch TrafficCom Group. In the segment RSP,
revenues increased by 247% year-on-year to EUR 158.9 million. This
positive development resulted largely from electronic toll collection
system implementations in South Africa and Poland.

Due to a decrease in the financial result by EUR 11.7 million as
compared to the previous fiscal year and a one-time fair value
adjustment relating to the stake held in Q-Free ASA in the amount of
EUR 14.0 million in the previous fiscal year, profit for the period
decreased from EUR 36.5 million in the previous fiscal year to EUR
28.4 million in the fiscal year 2010/2011. As a result, earnings per
share decreased from EUR 2.64 in the previous fiscal year to EUR 1.81
in the fiscal year 2010/2011. Adjusted for the one-time fair value
adjustment relating to the stake held in Q-Free ASA, profit for the
period increased by 27% year-on-year (previous fiscal year as
adjusted: EUR 22.5 million). Adjusted earnings per share increased
from EUR 1.49 in the previous fiscal year by 21 % to EUR 1.81 in the
fiscal year 2010/2011.

Based on the positive development of the Group´s business, the
managing board proposes to the shareholders´ meeting to be held on 22
August 2011 a dividend of EUR 1.00 per share for the fiscal year
2010/2011 (2009/2010: EUR 0.75 per share). Subject to the resolution
of the shareholders´ meeting, this represents a pay-out ratio of
approximately 55 %, which exceeds the long-term average.

Financial position and cashflows

The balance sheet of Kapsch TrafficCom Group was influenced by the
issuance of a 4.25 % corporate bond with a volume of EUR 75 million
on 3 November 2010. Accordingly, with total assets of EUR 450.1
million as of 31 March 2011, up by 53 % year-on-year, Kapsch
TrafficCom Group´s equity ratio was 42.5 % as of 31 March 2011 (31
March 2010: 57.0 %). Free cash flow for the fiscal year 2010/2011 was
negative at EUR 19.9 million (previous fiscal year: positive at EUR
41.6 million), largely due to an increase in net working capital by
EUR 71.3 million to EUR 175.9 million resulting from continuing
system implementations in South Africa and Poland.

Outlook

With regard to the current fiscal year 2011/2012, the company´s
outlook on market developments over the long-term is promising. Key
events in the current fiscal year will be the implementation and the
start of operations of the electronic toll collection systems in
South Africa and Poland. In the United States, Kapsch TrafficCom
expects the decision of the pending tender for the award of the E-Z
Pass® Group contracts. In addition, developments in the current
fiscal year will also be influenced by the preparation for tenders
expected in Hungary, Slovenia and Denmark as well as by the
continuing integration of MARK IV IVHS.

The audited consolidated financial statements and consolidated
management report for the fiscal year 2010/11 can be downloaded at ht
tp://www.kapsch.net/en/ktc/investor_relations/financial_information.
The Annual Report for fiscal year 2010/11 will be released on 27 June
2011, as previously scheduled.

For more information
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

end of ad-hoc-announcement ==========================================
====================================== Kapsch TrafficCom is a leading
international supplier of superior Intelligent Transportation Systems
(ITS). Its principle business is the development and supply of
electronic toll collection systems, in particular for the multi-lane
free-flow of traffic, and the technical and commercial operation of
such systems. Kapsch TrafficCom also supplies traffic management
systems, urban traffic solutions and selected ITS and telematics
applications. With 260 references in 41 countries in all 5
continents, and with almost 44 million on-board units delivered and
more than 18,000 lanes equipped, Kapsch TrafficCom has positioned
itself among the leading suppliers of electronic toll collection
systems worldwide. Kapsch TrafficCom is headquartered in Vienna,
Austria, and has subsidiaries and representative offices in 25
countries.

Disclaimer

The information contained in this announcement serves information
purposes and does not constitute an offer to sell nor a solicitation
to buy or subscribe for any securities of Kapsch TrafficCom AG.

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 United States. This
stock exchange announcement does not constitute an offer for the sale
of securities or solicitation of an offer to purchase securities in
the United States. 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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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English

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