Put companies on watchlist
Kapsch TrafficCom AG
ISIN: AT000KAPSCH9
WKN: A0MUZU
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Kapsch TrafficCom AG · ISIN: AT000KAPSCH9 · EQS - Company News (58 News)
Country: Austria · Primary market: Austria · EQS NID: 1565043
22 February 2023 07:15AM

Kapsch TrafficCom AG: Results for the first three quarters of 2022/23.


EQS-News: Kapsch TrafficCom AG / Key word(s): Quarter Results
Kapsch TrafficCom AG: Results for the first three quarters of 2022/23.

22.02.2023 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


Kapsch TrafficCom – Results for the first three quarters of 2022/23.

Highlights.

  • Revenues increased by 9% to EUR 414 million.
  • Special effect enabled EBIT to increase by 67%.
  • Continued focus on costs and liquidity.
  • Outlook for financial year 2022/23: Slight increase in revenues and improvement in profitability.

"We were awarded several attractive new projects in the past three quarters and the project pipeline is also good. In addition, we were able to consistently increase revenues and significantly improve earnings. We have thus confirmed the turnaround, even if we have not yet reached our goal. Considering the challenging economic conditions, we will therefore continue to keep a focus on our costs and liquidity.", says Georg Kapsch, CEO of Kapsch TrafficCom.

Unless otherwise stated, all values in EUR million.     Q1-Q3 2021/22     Q1-Q3 2022/23               +/-
Revenues   379.2   414.4   +9.3%
EBIT   5.8   9.8   +67.1%
  EBIT margin   1.5%   2.4%   +0.8pp
Result for the period attributable to equity holders   -2.4   2.3   n.a.
Earnings per share (EUR)   -0.19   0.18   n.a.


Vienna, February 22, 2023 – Kapsch TrafficCom was able to increase revenues by 9% from EUR 379 million in the previous year to EUR 414 million in the first three quarters of the financial year 2022/23. At EUR 10 million, the operating result (EBIT) was significantly higher than the previous year’s figure of EUR 6 million. This improvement was primarily driven by the completion of the sale of the Spanish public transport business, which generated other operating income of just under EUR 6 million in the third quarter.

Nevertheless, the overall rising costs significantly weakened the operating result (EBIT). Particularly the increase in personnel costs since the first quarter had a negative impact. In addition, the situation in the supply chain remained tense and restricted delivery capability.

The financial result and result from associated companies amounted to EUR -6 million (previous year: EUR ‑5 million). The result for the period attributable to equity holders amounted to EUR 2 million, after EUR -2 million in the previous year, which corresponds to earnings per share of EUR 0.18, after EUR -0.19 in the previous year.

At EUR 2 million, the free cash flow in the past three quarters was significantly lower than the previous year (EUR 9 million). The main reason for this was the negative change in net working capital, while the special effect from the sale in Spain had a positive impact. The balance sheet figures mainly show a reclassification from non-current to current liabilities due to maturities. The equity ratio of 14% as of December 31, 2022 was lower than the previous financial year-end figure of 15%, primarily due to exchange rate differences. Net debt increased by around 10% to EUR 175 million compared to March 31, 2022, resulting in a gearing ratio of 249%.


Results by segment in the first three quarters of 2022/23.

Growth in the past nine months was driven by the tolling segment, which generated 73% of total revenues in the reporting period. The traffic management segment accounted for 27%. In the EMEA region (Europe, Middle East, Africa), business remained moderate and the share of total revenues declined to 48%. In contrast, Kapsch TrafficCom recorded strong growth in the Americas region (North, Central and South America), with the share of revenues increasing to 46%; likewise in the APAC region (Asia-Pacific) with an increase to 6%.

Tolling segment.

Revenues in the tolling segment increased by 11% to EUR 304 million, primarily due to the good implementation and components business. The strong growth in the Americas region led to this region accounting for the largest revenue contribution of 48% in the reporting period. In the EMEA region, revenues declined to a 45% share of revenues after the completion of the nationwide tolling project in Poland; in the APAC region, the share of revenues increased to 6% as a result of the huge growth.

The EBIT of the segment, however, decreased to EUR -2 million (previous year: EUR -1 million), primarily due to the increase in personnel costs, the EBIT margin amounted to -1%.

Results tolling.
Unless otherwise stated, all values in EUR million.
    Q1-Q3 2021/22     Q1-Q3 2022/23               +/-
Revenues   273.1   303.6   +11.1%
EBIT   -0.6   -2.2   >-100%
  EBIT margin   -0.2%   -0.7%   -0.5pp

Traffic management segment.

In the traffic management segment, revenues increased by 5% to EUR 111 million. While the implementation business declined, higher operating revenues made this growth possible. In regional terms, despite a slight decline, the EMEA region made the largest contribution to revenues with 57%, the Americas region contributed 39% and the APAC region 4%.

The EBIT of the segment increased significantly to EUR 12 million (previous year: EUR 7 million), primarily in connection with the aforementioned special effect from Spain. The EBIT margin thus increased to 11%.

Results traffic management.
Unless otherwise stated, all values in EUR million.
    Q1-Q3 2021/22     Q1-Q3 2022/23               +/-
Revenues   106.0   110.8   +4.5%
EBIT   6.5   12.0   +85.0%
  EBIT margin   6.1%   10.8%   +4.7pp

 
Outlook.

For the full financial year 2022/23, the Executive Board expects a slight increase in revenues based on current developments. Profitability should show an improvement compared to the previous year, although macroeconomic developments continue to harbor uncertainties that may affect the results.

On the one hand, the focus remains on new business. On the other hand, Kapsch TrafficCom is affected by the huge global inflation rates in all areas. The measures taken regarding costs and liquidity will therefore be continued in a focused manner to remain flexible and achieve the desired results.
 

The report on the first three quarters of 2022/23 as well as further materials on the results are scheduled to be available today, from 7:35 a.m. (CET), at: www.kapsch.net/ir

 

Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.

With one-stop-shop-solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2021/22 financial year, 4,220 employees generated revenues of about EUR 520 million.
 

Press contacts: 

Carolin Treichl
Executive Vice President
Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1710
carolin.treichl@kapsch.net

 
Sandra Bijelic
Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1720
sandra.bijelic@kapsch.net
Investor contact:
 
Marcus Handl, Valerie Riegler
Investor Relations team
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1122
IR.kapschtraffic@kapsch.net
 

Further information: www.kapsch.net/ir. Follow us on Twitter and LinkedIn



22.02.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1565043

 
End of News EQS News Service

1565043  22.02.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1565043&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Kapsch TrafficCom AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.