EANS-Adhoc: Kapsch TrafficCom demonstrated both strategic and operational successes during the first quarter of the fiscal year 2011/12

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3-month report

22.08.2011

22.08.2011

• Revenues doubled, and EBIT increased by nearly five times •
Significant milestones for the entire year have already been achieved
• Successful capital increase completed in July • Tenders for new
projects in preparation

Q1: 1 April - 30 June FY 12-Q1 +/- % FY 11-Q1
Revenues (in million EUR) 134.7 103 % 66.3
EBIT (in million EUR) 22.2 359 % 4.8
Profit for the period (in million EUR) 13.9 210 % 4.5
Earnings per share (in EUR) 0.91 308 % 0.22
On-board units delivered (in million units) 2.77 269 % 0.75

Vienna, 22 August 2011 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed in the Prime Market of the Vienna Stock Exchange, exhibited an
exceptionally successful first quarter of the fiscal year 2011/12. In
addition to remarkable increases in revenues and profit, the group
made great advances in strategically important projects. On the basis
of this progress, several of the milestones for the fiscal year were
already achieved shortly after the end of the quarter.

In particular, the core topics of this reporting quarter included the
start of the operations of the nationwide electronic toll collection
system in Poland, the selection for a new ten-year technology and
service contract with the world's largest provider of toll
interoperability in the U.S.A., the E-Z Pass® Group, as well as the
preparations for a capital increase.

Revenue and earnings The revenues of the Kapsch TrafficCom Group
increased from EUR 66.3 million in the first quarter of the previous
year to EUR 134.7 million in the reporting period. After the increase
of 92 percent in the previous year, this corresponded to another
doubling of revenues. The EBIT increased disproportionately from EUR
4.8 million in the first quarter of the previous year to EUR 22.2
million in the reporting period, an increase of nearly five times.
This put the EBIT margin at 16.5 percent, following 7.3 percent in
the previous year. The profit for the period increased accordingly to
EUR 13.9 million (FY11-Q1: EUR 4.5 million). These increases were
driven by the progress in the various projects as well as the
acquisition undertaken in November 2010 to expand the U.S. business.
This allowed Kapsch TrafficCom to achieve significant improvements in
both major segments.

Revenues in the segment Road Solution Projects (RSP) increased by 134
% from EUR 23.4 million in the first quarter of the previous year to
EUR 54.8 million. Already in the first quarter, the EBIT was positive
for the first time in two fiscal years at EUR 3.5 million, bringing
the EBIT margin to 6.4 %. The progress in the nationwide toll
collection project in Poland made a considerable contribution here.
The toll collection project in the South African Gauteng province,
the installation of a system for public transportation in the city of
Johannesburg, South Africa, as well as the implementation of the
Australian Airport Link project further contributed to the increase
in revenue.

In the segment SEC (Services, System Extensions and Components
Sales), revenues increased by 91.5 % from EUR 41.0 million to EUR
78.5 million. The EBIT increased from EUR 7.3 million to EUR 18.5
million, and the EBIT margin of 23.6 % was significantly above the
previous year's value of 17.9 %. The revenue increase was largely due
to the Canadian, Mexican and U.S. subsidiaries of Mark IV IVHS
acquired in the third quarter of 2010/11 as well as the
pre-operations phase of the South African Gauteng project and the
on-board units delivered in connection with this. In total, the
number of on-board units delivered increased from 0.75 million in the
previous year to 2.77 million units, making a key contribution to the
increased profit as well.

Financial position and cash flows The project business drove an
increase in total assets during the reporting quarter. In terms of
assets, the inventories increased as did trade receivables, which was
also reflected in an increase in the net working capital. The
liabilities side saw primarily an increase in the short-term
financial liabilities and the trade payables. The free cash flow
declined to EUR -9.0 million after EUR 3.2 million in the same period
of the previous fiscal year. Despite a simultaneous increase in the
cash and cash equivalents, the project-related rise in short-term
financial liabilities pushed the net debt up to EUR 56.0 million.

Outlook Looking forward in the 2011/12 fiscal year, the focus for the
Kapsch TrafficCom Group will lie on the continuation of ongoing
projects, such as the toll collection system in the South African
Gauteng province and the start of the recently awarded project in
Portugal. In addition, the company is also looking forward to
additional tenders for other interesting projects. In Russia, Kapsch
TrafficCom Russia succeeded in qualifying for the final phase of a
tender process as part of a joint venture. In Slovenia, the tender
process for a nationwide electronic truck toll collection system
began at the start of August, while other invitations to tender are
in preparation in Hungary and Denmark.

The report on the first quarter of the fiscal year 2011/12 can be
downloaded from
www.kapsch.net/en/ktc/investor_relations/financial_information.

end of ad-hoc-announcement ==========================================
====================================== Kapsch TrafficCom is an
international supplier of superior intelligent transportation systems
(ITS) and primarily supplies electronic toll collection systems. With
its end-to-end solution portfolio, Kapsch TrafficCom covers the
entire value creation chain of its customers, from products and
systems to integration and operations, as a one-stop shop. Kapsch
TrafficCom also offers solutions for urban access management as well
as for traffic safety and security. Add-on applications to these
solutions, such as traffic data collection, complement the offering.
With references in 41 countries in all 5 continents, Kapsch
TrafficCom has positioned itself among the internationally recognized
suppliers of intelligent transportation systems. Kapsch TrafficCom AG
is headquartered in Vienna, Austria, and represented in 25 countries.

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

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