init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
Financial Figures/Balance Sheet
init exceeds annual targets: Net earnings per share increase by 50 percent

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Preliminary Figures Fiscal Year 2007


init innovation in traffic systems AG has exceeded both its sales and earnings targets for 2007. According to the preliminary figures now available, the telematics specialist generated revenues of 46.8 mio. EUR (forecast: 45 mio. EUR) in the preceding fiscal year (as at 31 December), corresponding to an increase of 29 percent on the previous year (36.3 mio. EUR). The earnings before interest and taxes (EBIT) rose by over 28 percent to 7.2 mio. EUR (forecast: 6.5 mio. EUR, previous year: 5.6 mio. EUR).

The consolidated net profit for the year improved by more than 56 percent to 5.3 mio. EUR (previous year: 3.4 mio. EUR), while the earnings per share bettered to 0.54 EUR (2006: 0.36 EUR). On the whole, sales and earnings thus rose once more to new heights. A further new record was set for the level of orders - as at the end of 2007 this figure stood at more than 100 mio. EUR (2006: 61.1 mio. EUR).

A crucial factor in the significant growth in 2007 were specifically the hardware deliveries for major projects in New York and Vancouver, which commenced in the latter half of the year. In terms of new orders, init benefited from winning major contracts in Seattle, Dubai and from the Deutsche Bahn Stadtverkehr in Bavaria, each with a volume in the two-digit millions.

Based on these large-scale contracts and further projects awaiting a decision in the next few months, the Managing Board is confident that the dynamic growth experienced in the previous year will continue in 2008. Specific projections for the current fiscal year will be published together with the full annual report of init innovation in traffic systems AG on March 26, 2008.

end of announcement                               euro adhoc

Further inquiry note:

init AG
Alexandra Weiß

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

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