EANS-News: init innovation in traffic systems AG / init on course for further growth through innovations

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Annual Reports/press and analyst conference on financial statement

Karlsruhe (euro adhoc) - init on course for further growth through
innovations * 2011 net profit up by 50 per cent, dividend to increase
by 30 per cent to EUR 0.80 * Positive trend in transport telematics
market continues after seven record years * Sales target for 2012:
"more than EUR 95m", order backlog currently at around EUR 118m

Karlsruhe/Frankfurt, 29 March 2012. After as many as seven record
years in a row, init innovation in traffic systems AG (ISIN DE
0005759807) continues on course for growth. "The record figures
achieved in 2011 actually pre-empt some of the growth expected this
year, but we are confident that sales and earnings in 2012 will grow
further still in 2012," the Managing Board confirmed today at the
analyst and press conference held on the group´s financial statements
in Frankfurt. At around EUR 118m, orders on hand were said to be at a
high level and may further increase over the next few weeks when a
number of major projects will come to a decision. Currently, revenues
are expected to total "more than EUR 95m" in 2012.

Shareholders of init can also expect higher dividends. The Managing
Board and the Supervisory Board plan to propose a payout of EUR 0.80
(2010: EUR 0.60) at the annual general meeting scheduled for 16 May.
"We deliberately want to send a positive signal for the future," said
init founder and CEO Dr. Gottfried Greschner on presentation of the
2011 annual report.

First operating result (EBIT) to rise above EUR 20m

After a strong last quarter, sales and earnings in the init group
notably exceeded the targets set for 2011. Revenues rose by around 10
per cent to EUR 88.7m (2010: EUR 80.9m). Profits grew more strongly
still presenting an even more satisfactory result with the group´s
annual net profit up by 50 per cent to EUR 15.1m (2010: EUR 10.0m).
This corresponds to earnings per share of EUR 1.51 (2010: EUR 1.00).
For the first time, earnings before interest and taxes (EBIT) also
climbed to EUR 20.4m (2010: EUR 15.1m). This saw the equity ratio
peak at 26.4 per cent (2010: 21.5 per cent). The Managing Board,
however, also stressed that this above-average growth in earnings had
been furthered by two special factors in 2011. At EUR 1.3m, the EBIT
included the reduction of the risk provision for Dubai made possible
after payments had been received, along with a special effect from
the full takeover of id systeme GmbH to the amount of around EUR
1.5m. The Managing Board as a result specified a target EBIT for 2012
of EUR 19m "+X".

According to Dr Greschner, the long-term growth scenario in the
market for telematics, planning and electronic fare collection
systems in public transport continues to be intact. "All over the
world, public transport systems need to be set up, developed and
modernised. This is apparent to us in the increasing number of
international tenders and in the plethora of packages providing
measures aimed at developing the transport infrastructure."

The init CEO believes two trends to play an increasingly important
role - the networking of telematics systems in local and
long-distance transport, and the merging of ticketing and telematics
systems. Both trends were picked up early on by init and translated
into approved solutions in cooperation with customers. As a result,
more than 3,000 vehicles of various transport operators in Bavaria
now use an integrated system from init. In addition, init is
installing the first e-ticketing project in Sacramento in the USA
based on a highly innovative technology; passengers can now buy and
pay contactless for tickets using their credit cards virtually in
passing.

Interest from Asia in init innovations

Technological innovations such as these are intended to help init
continue its growth momentum over the next few years. This includes
special software solutions geared to facilitating the process of
optimising the deployment of vehicles so that transport operators can
cut three to five vehicles in a fleet of 100. This has met with keen
interest particularly in Asia. Recently, init also introduced
passenger information "apps" for all types of smartphones and for
real-time analysis of statistical data for transport operators. In a
further move, init is heavily involved in the sector-wide research
project "European Bus System of the Future" (EBSF).

"With all the new potential opening up to us, we cannot afford to
ignore though that the general economic risks have visibly increased
over the last few months," the CEO stressed in his outlook.

The annual report of init innovation in traffic systems AG is now
available on the Internet at www.initag.de/AR-2011.htm and on the
website of Deutsche Börse.

For further information please contact:

Alexander Güntert
init innovation in traffic systems AG
Kaeppelestraße 6
76131 Karlsruhe / Germany
Tel: +49.721.6100.316
Fax: +49.721.6100.399
ir@initag.de

Sebastian Brunner
communications+consulting
Tel: +49.175.5604673
sebastian.brunner@brunner-communications.de

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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company: 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