EANS-News: Kapsch TrafficCom AG - Strong growth in the first half of 2016/17

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

Highlights: > Revenue growth of 27% compared with the first half-year
of the previous year > EBIT increased by 5% > Consolidation of
transportation division acquired from Schneider Electric > Despite
acquisitions and dividend payment: net debt of only EUR -0.5 million
> New projects obtained and solid new business pipeline

"Kapsch TrafficCom continues to grow in terms of revenues and profit.
Group profitability should increase with the progressive integration
of Kapsch TrafficCom Transportation which we acquired at the start of
this fiscal year," states Georg Kapsch, CEO Kapsch TrafficCom.

______________________________________________________________________________
|Unless otherwise | H1 2016/17 | +/- | H1 2015/16 |
|stated, all values| | | |
|in_EUR_million.___|___________________|___________________|___________________|
|Revenues__________|______________311.7|_______________+27%|______________245.0|
|EBIT______________|_______________28.7|________________+5%|_______________27.4|
|Profit for the | 20.1| +5%| 19.2|
|period____________|___________________|___________________|___________________|
|Profit for the | 20.6| +23%| 16.7|
|period | | | |
|attributable to | | | |
|equity_holders____|___________________|___________________|___________________|

Vienna, November 17th 2016 - Kapsch TrafficCom AG, listed in the
prime market of the Vienna stock exchange (ISIN AT000KAPSCH9),
achieved further growth in the first half of the 2016/17 fiscal year.
Compared with the same period of the previous year, revenues
increased by EUR 66.7 million (+27%) to EUR 311.7 million. Total
tolls collected in the "Electronic Toll Collection" segment generated
around three quarters of the Group's revenues. The "Intelligent
Mobility Solutions" segment accounted for the remainder.

The operating result (EBIT) increased by EUR 1.3 million (+5%) to EUR
28.7 million. The profit for the period rose by EUR 0.9 million (+5%)
to EUR 20.1 million, with the comparison value of the previous year
including a positive one-off effect in the financial result. The
income tax expenses for this year were also higher than in the
previous year as a consequence of the higher pre- tax result. Due to
the acquisition of the remaining 48% share in the Czech Kapsch
Telematic Services spol. s r.o., the profit for the period
attributable to equity holders rose by 23%.

The initial consolidation of Kapsch TrafficCom Transportation, the
global transportation division acquired from Schneider Electric on
April 1st 2016, had a significant impact on the results. Overall
revenues for the Group increased by EUR 53.0 million. In the current
fiscal year, the results of KTT as well as the integration costs will
weigh on the profitability of Kapsch TrafficCom Group.

Furthermore, the smart parking subsidiary company, Streetline, has
made another negative contribution to EBIT. Although Streetline is
generating revenues, these currently continue to be exceeded by
expenses for sales and further development of technology. Kapsch
TrafficCom management considers the business sector of this US
company to be strategically promising in years to come. More than 30%
of traffic volume in cities can be attributed to vehicles searching
for a parking space. Reducing this traffic not only makes life easier
for drivers, it also lowers the risk of accidents, the
traffic-related costs faced by city administrations, and the amount
of exhaust gas emissions.

Regarding customers, it should be noted that in the first half year,
the existing agreement for operating the nationwide truck toll
collection system in the Czech Republic was extended by up to three
years. Kapsch TrafficCom also obtained a number of additional orders.
For example, the company secured two further projects in the state of
Queensland, Australia. There were also successes in the USA such as
awards for contracts regarding the renovation of the toll collection
system for all bridges and tunnels for the Port Authority of New York
and New Jersey, and for the modernization of the integrated traffic
management system of the Highway Operations Center of the
Massachusetts Traffic Authority. North America is the key growth
market for the Kapsch TrafficCom Group.

The capital resources of Kapsch TrafficCom continue to be extremely
sound. Despite the dividend payment totaling EUR 19.5 million, the
acquisition of the transportation division from Schneider Electric
(EUR 16.6 million) and the acquisition of the remaining 48% of the
Czech Kapsch Telematic Services (EUR 14.0 million), net debt at the
end of the half year was just EUR -0.5 million.

Subtitle: Outlook

A primary objective over the remaining course of the current fiscal
year will be to drive forward the integration of KTT, with a view to
minimizing costs and realizing synergies as quickly as possible,
while also helping the approximately 900 new employees to become
acquainted with and a part of the corporate culture of the Kapsch
TrafficCom Group.

The management is confident, based on the results for the first six
months of the year, that Kapsch TrafficCom Group will increase its
annual revenues by more than EUR 100 million, in line with
expectations. The EBIT margin for the toll collection business is set
to significantly exceed 10%, while the margin for the IMS business
will be adversely impacted by the integration and the lower EBIT
contribution of KTT, as well as the negative EBIT performance of
Streetline.

You can find the report for the first half of 2016/17 at:
http://kapsch.net/ktc/ investor_relations/reports

Kapsch TrafficCom is a provider of intelligent transportation systems
(ITS) in the segments of toll collection, city access control and
parking space management, traffic management, traffic monitoring,
utility vehicle monitoring, electronic vehicle registration and V2X
cooperative systems. The end-to-end solutions of Kapsch TrafficCom
cover the entire value creation chain of its customers, from
components and design to the installation and operation of systems,
all from a single source. The core business comprises the
development, installation and operation of electronic toll collection
and traffic management systems. Reference projects in more than 50
countries on all continents have made Kapsch TrafficCom a globally
recognized ITS provider. As part of the Kapsch Group, an Austrian
family-owned technology group founded in 1892, Kapsch TrafficCom is
headquartered in Vienna, Austria, and has subsidiaries and branches
in 33 countries. It has also been listed since 2007 on the Vienna
Stock Exchange (KTCG) and earned revenues of EUR 526 million in the
2015/16 fiscal year. The company employs over 4,600 employees
worldwide.

For further information: www.kapsch.net/ktc.
Followers on Twitter at twitter.com/kapschnet.

Further inquiry note:
Press contact:
Dr. Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Wien, Österreich
Tel.: +43 50 811 1705
E-Mail: ingrid.lawicka@kapsch.net

Investor contact:
Mag. Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Wien, Österreich
Tel.: +43 50 811 1122
E-Mail: ir.kapschtraffic@kapsch.net

end of announcement euro adhoc
--------------------------------------------------------------------------------

company: Kapsch TrafficCom AG
Am Europlatz 2
A-1120 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, AT0000A0KQ52
indexes: Prime Market
stockmarkets: official market: Wien
language: English

Original-Content von: Kapsch TrafficCom AG, übermittelt durch news aktuell