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27.08.2008 – 06:40

Kapsch TrafficCom AG

euro adhoc: Kapsch TrafficCom AG
quarterly or semiannual financial statement / Kapsch TrafficCom with significant increase in revenues and earnings in the first quarter of 2008/09

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quaterly report


Vienna, 27 August 2008 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, reported a considerable increase in revenues and a significant increase in earnings even beyond the increase in revenues in the first quarter of fiscal year 2008/09 compared to the same period of the previous fiscal year.

Revenues and earnings Improvements in both large segments - SEC (Services, System Extensions, Components Sales) and RSP (Road Solution Projects) - resulted in a considerable increase in revenues of Kapsch TrafficCom Group, up 79% from EUR 33.8m to EUR 60.4m in the first three months of the current fiscal year compared to the same period of the previous fiscal year. Broken down by segment, the Road Solution Projects (RSP) segment reported an increase in revenues to EUR 26.3m (previous fiscal year: EUR 7.3m) in the first quarter due to increased business volumes. The performance of the SEC (Services, System Extensions, Components Sales) segment remained strong, generating revenues of EUR 32.1m for the first three months of the current fiscal year, 37% higher than the EUR 23.4m recorded during the same period in the previous fiscal year. This increase is primarily attributable to a significant increase in sales of components. The Others (OTH) segment recorded a decline in revenues of EUR 2.0m for the first three months of the current fiscal year.

For the same period, Kapsch TrafficCom Group is reporting improved earnings in excess of the increase in revenues. EBIT was up 189% from EUR 3.9m to EUR 11.3m. Profitability also improved, with the EBIT margin increasing from 11.7% in the first three months of the previous fiscal year to 18.6%. The analysis by segment for the first three months of fiscal year 2008/09 shows the RSP segment increasing from EUR 0.1m to EUR 4.8m, the SEC segment's EBIT growing from EUR 3.9m to EUR 6.2m (up 59%), and the OTH segment also improving its EBIT to EUR 0.3m.

Earnings per share in the first three months of the current fiscal year increased by 270% from EUR 0.23 in same period of the previous fiscal year to EUR 0.85.

In the first three months of fiscal year 2008/09, Kapsch TrafficCom Group also significantly improved earnings before tax with an 285% increase from EUR 4.0m in the first three months of the previous fiscal year to EUR 15.4m in the same period of the current fiscal year. Profit after tax for the same period increased from EUR 2.9m to EUR 11.2m (up 286%).

Financial position and cash flows With total assets of EUR 341.5 million (as of 30 June 2008) and total equity of EUR 144.3 million (as of 30 June 2008), the Kapsch TrafficCom Group's equity ratio as of 30 June 2008 was 42.3 % (31 March 2008: 44.7 %). As of 30 June 2008, Kapsch TrafficCom Group held cash and short-term securities in an amount of EUR 58.7 million. This reserve in liquidity serves as a basis to finance future projects or strategic acquisitions of companies.

The interim report for the first quarter of fiscal 2008/09 can be downloaded at / Investor Relations / Financial information.

Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free- flow (MLFF) of the traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 140 installed tolling systems in 30 countries in Europe, Australia, Latin America, in the Middle-East, in the Asian/Pacific region and in South Africa, and with almost 12 million on-board units (OBUs) and nearly 11,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 20 countries.

Disclaimer This ad-hoc release constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold. This ad-hoc release and the information it contains are not for publication in the United States of America (U.S.A.) and may not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act ("Securities Act") of 1933, as amended) or to publications with a general circulation in the U.S.A. This stock exchange announcement does not constitute an offer for the sale of securities or solicitation of an offer to purchase securities in the U.S.A. The securities of Kapsch TrafficCom AG have not been registered under the provisions of the Securities Act and may not be offered, sold or delivered to U.S. persons without prior registration under or exemption from the registration requirements. This ad-hoc release is exclusively addressed to persons (i) outside the United Kingdom, or (ii) who are investment professionals for the purposes of article 19(5) U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or (iii) who are included under article 49(2)(a)-(d) of the Order ("high net worth companies, unincorporated associations, etc.). All such persons are hereinafter referred to as "Relevant Persons". No person who is not a Relevant Person may take action on the basis of this press release or the information contained herein or rely thereon. Investment or investment activities in connection with this press release are only available to Relevant Persons, and investment business will only be transacted with Relevant Persons.

end of announcement                               euro adhoc

Further inquiry note:

For more information
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1122
Wagenseilgasse 1, A-1120 Vienna, Austria

Branche: Technology
Börsen: Wiener Börse AG / official market

Original content of: Kapsch TrafficCom AG, transmitted by news aktuell

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