EANS-Adhoc: init innovation in traffic systems AG / init reports revenues increase and record amount of incoming orders in 2012 dividend to remain at EUR 0.80

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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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annual result/preliminary figures
06.03.2013

Karlsruhe, 6 March, 2013. Following the strong fourth quarter of
2012, init innovation in traffic systems AG continues to grow.
According to the available preliminary figures, the group revenues in
the financial year ended increased 9.7 percent to EUR 97.3m (2011:
EUR 88.7m). At the same time, init's incoming orders amounted to a
record figure of EUR 152.2m (2011: EUR 81.4m). The order backlog as
of the end of the year amounted to EUR 176 million, 50 percent more
than the prior-year value. In terms of the revenues, init is thus
approaching the tenth successive year of growth. Though init reached
its revenues growth target in 2012, the earnings before interest and
taxes totaled EUR 17.3m, slightly less than planned (EUR 19m) and the
prior year (2011: EUR 20.4m). This was mainly due to production
start-up costs of the newly established US subsidiary SQM (Superior
Quality Manufacturing LLC), a loss by the subsidiary CarMedialab and
a value adjustment on receivables in Dubai. Compared to the prior
year, it must be taken into consideration that the earnings in 2011
included one-time special effects amounting to EUR 2.8m. The lower
EBIT and a significantly higher tax rate are also reflected in the
consolidated net profit, which reached EUR 10.9m in 2012 (2011: EUR
15.1m). The earnings per share thus dropped to EUR 1.11 (2011: EUR
1.51). Based on the high order backlog and the growth potential in
the markets newly entered in 2012, the Managing Board expects
revenues to grow to more than EUR 105m and an increase of earnings
before interest and taxes (EBIT) to EUR 18m. Due to this perspective
and to excellent liquidity, the Managing Board of init innovation in
traffic systems AG (ISIN DE 0005759807) decided today to submit a
proposal for the appropriation of earnings to the Supervisory Board
for submission to the Annual General Meeting, which recommends to
distribute a consistently high dividend of EUR 0.80 per share
entitled to dividend (prior year: EUR 0.80). This resolution is
subject to the approval of the annual financial statements for the
financial year 2012. init innovation in traffic systems AG will
publish the complete annual report for 2012 on 28 March 2013 at the
press and analyst conference.

Further inquiry note:
Simone Fritz
Investor Relations
Tel.: +49 (0)721/6100-115
mailto: 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