All Stories
Subscribe to Kapsch TrafficCom AG

Kapsch TrafficCom AG

EANS-News: Kapsch TrafficCom AG - statement regarding the decision of the European Court

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

Government Contracts

Vienna - In today's judgement, the Court of Justice of the European Union found
that the infrastructure use charge, in combination with the relief from motor
vehicle tax in Germany, constitutes indirect discrimination on grounds of
nationality and is in breach of the principles of the free movement of goods and
of the freedom to provide services.

On December 30, 2018, the German Federal Ministry of Transport and Digital
Infrastructure as the responsible contracting authority commissioned a
consortium consisting of Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA with
the collection of the German infrastructure use charge (passenger vehicle toll).

We and our partner CTS EVENTIM have been working together since the end of last
year to ensure that the infrastructure charge can begin on schedule. We have
already made good progress in setting up the operating company in recent months.
Today's judgement of the Court of Justice of the European Union is currently
being evaluated. Currently it is unclear whether the infrastructure use charge
will be implemented by the Federal Republic of Germany in an amended form or
not. In coordination with our customer and our project partner we are evaluating
the implications of the judgment on our cooperation. The contracts contain
protective provisions that guard against pecuniary damages for the operating
company and its shareholders. This also applies in the event that the
infrastructure charge is not introduced."

Further inquiry note:
Press contact: 	
Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna
T +43 50 811 1700

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
T +43 50 811 1728

Investor contact:	
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
T +43 50 811 1122

end of announcement                         euro adhoc

issuer:       Kapsch TrafficCom AG
              Am Europlatz  2
              A-1120 Wien
phone:        +43 1 50811 1122
FAX:          +43 1 50811 99 1122
ISIN:         AT000KAPSCH9
stockmarkets: Wien
language:     English

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

More stories: Kapsch TrafficCom AG
More stories: Kapsch TrafficCom AG