03.11.2021 init innovation in traffic systems SE  DE0005759807

DGAP-News: init innovation in traffic systems SE considers its 2021 forecast to be achievable


DGAP-News: init innovation in traffic systems SE / Key word(s): 9 Month figures
init innovation in traffic systems SE considers its 2021 forecast to be achievable

03.11.2021 / 14:48
The issuer is solely responsible for the content of this announcement.

Despite delivery bottlenecks in the third quarter:

init considers its 2021 forecast to be achievable

  • Revenues for the first nine months at EUR 125.1m, just under 5 percent below the previous year (EUR 130.9m) and below target
  • Increased procurement and personnel costs reduce quarterly profit
  • Incoming orders of EUR 37.8m in Q3, 19 percent above previous year (EUR 31.7m)

The Managing Board of init innovation in traffic systems SE (ISIN DE 0005759807) continues to expect the targets set for 2021 to be achievable despite the global supply bottlenecks experienced in the third quarter. According to the preliminary figures available, the revenues of the digitisation specialist for buses and trains fell slightly, by just under 5 percent year-on-year in the first nine months to EUR 125.1m (30/09/2020: EUR 130.9m) and remained below the expectations. Increased procurement and personnel costs as well as the tense labour market situation had a negative impact on operating profit before interest and taxes (EBIT) which was also below expectations at EUR 10.5m (30/09/2020: EUR 12.4m). Against this, init recorded an increase of a solid 19 percent at EUR 37.8m in incoming orders in the third quarter (Q3 2020: EUR 31.7m).

"We are currently registering contradictory developments. On the one hand, as a globally active company, we cannot detach ourselves from the general supply bottlenecks in the short term, while on the other hand, sustainable growth factors such as advancing digitisation and new investment programmes for public transport continue to have an impact," the Managing Board reported.

Increase in orders and sustainable growth

The Managing Board sees the revenue target for 2021 of around EUR 180m within reach. It will still be a challenge to reach the lower end of the EBIT target corridor of EUR 18 to 20m. "This is an ambitious target. We expect a strong increase in the fourth quarter due to catch-up effects. Furthermore, many transport companies often place more orders in the last quarter of the year, so it is usually the strongest in terms of revenues and earnings."

In the third quarter of the 2021 financial year, init generated revenues of EUR 40.4m (Q3 2020: EUR 49.6m). The quarterly decline is due to both general economic restrictions in the global supply chains and a tense labour market. Therefore EBIT reached EUR 2.2m in the third quarter, compared with EUR 6.2m in the previous year.

On the other hand, there was a sustained increase in incoming orders. It accelerated in the third quarter with an increase of 19 percent to EUR 37.8m (Q3 2020: EUR 31.7m). At the end of September 2021, it reached EUR 138.2m (30/09/2020: EUR 119.2m). "We continue to see great growth potential in our market due to investment programmes in public transport infrastructure that have been announced and are already in the process of implementation. The extent to which we will be able to fully exploit this potential will also depend on the stability of the global supply chains and developments in the labour market," reports the init Managing Board.

The complete quarterly statement will be available on the init website from 10 November 2021.


Person making the notification:
Simone Fritz
Investor Relations
[email protected]

03.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: init innovation in traffic systems SE
Käppelestraße 4-10
76131 Karlsruhe
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: [email protected]
Internet: www.initse.com
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1245826

End of News DGAP News Service

1245826  03.11.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 108,64 130,55 135,71 156,46 180,67 176,66 195,00
EBITDA1,2 15,68 12,76 10,94 23,45 28,89 27,41 28,60
EBITDA-Marge3 14,43 9,77 8,06 14,99 15,99 15,52 14,67
EBIT1,4 11,62 8,56 6,37 16,24 19,64 17,57 20,20
EBIT-Marge5 10,70 6,56 4,69 10,38 10,87 9,95 10,36
Jahresüberschuss1 8,71 3,64 2,44 11,34 14,94 12,45 15,40
Netto-Marge6 8,02 2,79 1,80 7,25 8,27 7,05 7,90
Cashflow1,7 13,18 2,05 12,81 21,13 24,44 16,01 24,30
Ergebnis je Aktie8 0,87 0,37 0,24 1,13 1,50 1,25 1,53
Dividende8 0,22 0,22 0,12 0,40 0,55 0,55 0,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
575980 24,200 Kaufen 242,97
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,24 23,34 0,61 24,08
2,51 15,18 1,38 9,30
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,55 0,55 2,27 18.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2022 10.08.2022 10.11.2022 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,59% -21,58% -27,33% -43,72%
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Logistik/Verkehr , 575980 , IXX , XETR:IXX