Press

The negative effects of road traffic have returned very quickly to the political agenda after the lockdown during the corona crisis.

Kapsch TrafficCom hat die verbliebenen 35 % der Anteile an der tolltickets GmbH, dem deutschen Anbieter von Mautdiensten übernommen.

12:48 CEST Based on initial indications for the second quarter the company expects no improvement of the revenue and earnings situation compared to the first quarter of financial year 2020/21. Consequently, the operating result (EBIT) of the financial year will likely be clearly negative. A negative two-digit million value is expected. An important reason for this is COVID-19: Revenues in the profitable components business strongly suffer from decreased traffic volumes. In addition – in spite of some pleasing project wins – there are more delays in tender processes and the award of contracts. Catch-up effects in a relevant scale are expected not before the next financial year. Possible impairments of non-current assets cannot be ruled out for financial year 2020/21. For the annual revenues, precise forecasts are also still difficult. Currently the company assumes a decline of 15 to 20%. As a result of the expected clearly negative results, the current dividend policy is being suspended until further notice. No dividend shall be expected for financial year 2020/21.

In der gestern abgehaltenen ordentlichen Hauptversammlung von Kapsch TrafficCom AG wurden die folgenden Beschlüsse getroffen.

Kapsch TrafficCom (Kapsch) is the first manufacturer to submit its RIS-9260 roadside unit (RSU) for dual-use certification by the OmniAir Consortium.

Headlines: Keine Dividende für 2019/20. Programm zur Senkung der Kosten und Steigerung der Effizienz lanciert.

16:06 CEST Based on preliminary numbers, Kapsch TrafficCom expects first quarter 2020/21 revenues of about EUR 138 million (previous year: EUR 186 million) and an operating result (EBIT) of about EUR -11 million (previous year: EUR 5 million). As already communicated in the course of the presentation of the results for the financial year 2019/20, the management expects that the challenges (and the respective costs) regarding the personnel shortage in North America will presumably last until the end of 2020. Furthermore, the management assumes that additional expenses for the implementation of new software will probably be incurred up to the first half of the year. These negative factors have turned out to be much more severe than expected, as the yet available results for Q1 2020/21 show. The significantly lower revenues and earnings compared to the first quarter of the previous year are also a result of the expiry of major projects – operation of the nation-wide toll system in Czech Republic and implementation of a nation-wide toll system in Bulgaria – as well as of the tolling projects in Germany, which have been terminated in the meantime. Already a few weeks ago, Kapsch TrafficCom initiated a cost cutting and efficiency program comprising both short-term measures and sustainable measures. It is one aim of the program to mitigate the negative factors impacting the results of the current financial year. The final results for Q1 2020/21 will be published on August 12, 2020, as scheduled. Until then, impairment tests are performed, based on updated estimates, for various long-term assets (intangible assets including goodwill as well as property, plant and equipment). As a result of the international COVID-19-maeasures, the visibility regarding new business is still very low. Because of this and because of the weak results for the first quarter, the Executive Board decided to refrain from the initial dividend proposal (EUR 0.25 per share) and to propose no dividend to the ordinary Annual General Meeting on September 9, 2020.

Die öffentliche Ausschreibung wurde im Rahmen eines Transitkorridor-Modernisierungsprojekts durchgeführt und von den Kreditfonds der Weltbank finanziert.

Highlights: Trotz des Wegfalls zweier Großprojekte konnte der Umsatz des Vorjahrs beinahe gehalten werden.