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24.02.2006 – 08:48

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
Financial Figures/Balance Sheet
init attains record results in 2005

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
init innovation in traffic systems AG completed the 2005 fiscal year
with record results. According to the preliminary figures (IFRS), the
earnings before interest and taxes (EBIT) reached a level of 4.2
million Euro (2004: -1.1 mill. Euro), while sales also exceeded the
prior year record of 32.5 mill. Euro, increasing to 33.4 mill. Euro.
Consequently, the Karlsruhe-based supplier of integrated telematics
and electronic fare collection systems for buses and trams for the
first time achieved an annual margin of 12.6 per cent. The earnings
per share amounted to 0.26 Euro (2004: -0.07 Euro). The liquid funds
including the marketable securities added up to 10.8 mill. Euro
(2004: 3.4 mill. Euro). The satisfactory business development in 2005
was due to successful major projects in both Europe and North America
and to a significant economic up-turn on the German market.  The
signs for the current fiscal year point to further substantial
growth: as of the beginning of the year, the orders on hand
aggregated to 54.4 mill. Euro (2004: 22.7 mill. Euro). The full
financial statements of init will be published at the analyst and
press conference on March 29, 2006.
end of announcement                               euro adhoc 24.02.2006 08:33:02

Further inquiry note:

Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Börse Berlin-Bremen / 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

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