EANS-Adhoc: init innovation in traffic systems AG / Hans Rat newly appointed to the Supervisory Board - annual financial statements approved

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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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14.03.2012

Karlsruhe, 14 March 2012. In today's meeting, the Supervisory
Board of init innovation in traffic systems AG (ISIN DE 0005759807)
conclusively checked the annual financial statements, the status
report, the consolidated financial statements and the group status
report for 2011 and unreservedly approved the results of the
audit. The annual financial statements prepared by the Managing
Board of init innovation in traffic systems AG are therefore
approved and the consolidated financial statements for 2011
adopted.

According to these statements, in the past financial year the
init group generated sales of EUR 88.7m (2010: EUR 80.9m)
resulting in an annual net profit of EUR 15.1m (2010: EUR 10.0m).
This results in record-breaking earnings per share of EUR 1.51
(2010: EUR 1.00).

The Supervisory Board has consequently endorsed the Managing
Board's proposal to increase the dividend to EUR 0.80 (2010: EUR
0.60). The Managing Board and the Supervisory Board will jointly
propose a corresponding appropriation of profits in total
amount of EUR 19.2m at the Annual General Meeting of
Shareholders to be held on 16 May 2012.

Furthermore, Dr Hans Rat has been appointed to the Supervisory Board
as its new member. Dr Rat, who for many years was Chairman of UITP:
Union Internationale des Transports Publics, the international
organisation for public transport authorities and operators,
succeeds Mr Fariborz Khavand, as was decided at the last Annual
General Meeting of Shareholders. Mr Khavand resigned from the
Supervisory Board with effect from 1 March 2012. Mr Khavand had
belonged to the Supervisory Board since the time of the initial
public offering of init innovation in traffic systems AG in 2001.
The Supervisory Board thanked Mr Khavand for his dedication and
commitment through these many years, which saw init become a
leading international supplier of telematics, planning and
electronic fare collection systems for local public transport.

Further members of the Supervisory Board of init innovation in
traffic systems AG in addition to Dr Rat are Professor Günter Girnau
(Chairman) and Mr Hans- Joachim Rühlig MBA.

Further inquiry note:
Alexander Güntert
Tel.: +49 (0)721 6100-316
E-Mail: ir@initag.de

end of announcement euro adhoc
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issuer: init innovation in traffic systems AG
Käppelestraße 6
D-76131 Karlsruhe
phone: +49(0)721 6100-0
FAX: +49(0)721 6100-399
mail: info@initag.de
WWW: http://www.initag.de
sector: Semiconductors & active components
ISIN: DE0005759807
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English