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init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
Quarterly or Semiannual Financial Statements
init reports record earnings in the first half-year - Planned annual profit already achieved

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
01.08.2005
init innovation in traffic systems AG continues on its record course
in fiscal year 2005: according to the key financials now available,
the Karlsruhe-headquartered specialist in telematics and fare
collection systems for buses and trams is expected to maintain its
fast-paced  growth in the second quarter and potentially even step it
up as far as the operating profit (EBIT) is concerned. Quarterly
sales revenues of EUR 7.9 million exceeded the prior-year level (EUR
5.3 million) by 47.5 percent. This means that compared to the first
half of the year, init achieved an increase in sales of around 75
percent, to EUR 15.6 million (2004: EUR 8.9 million).
From April to the end of June, EBIT of EUR +1.1 million was
recognized as compared to EUR -2.3 million in the previous year. For
the half-year, this corresponds to an amount of EUR +1.6 million
(2004: EUR -4.5 million). Hence init has surpassed the planned annual
profit for the full year 2005 (EUR 1.4 million) already after six
months, reporting a return on sales before taxes of 10%.
This above average improvement of the result reflects, on the one
hand increasing supply volumes for major projects in North America
and Europe and on the other hand, it is the fruit of the savings
measures launched in 2004. For the full year 2005 we are now
forecasting EBIT exceeding EUR 2.0 million.
init will publish the complete interim report in mid-August.
end of announcement                               euro adhoc 01.08.2005 10:44:03

Further inquiry note:

Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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