-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
24.02.2006
init innovation in traffic systems AG completed the 2005 fiscal year with record results. According to the preliminary figures (IFRS), the earnings before interest and taxes (EBIT) reached a level of 4.2 million Euro (2004: -1.1 mill. Euro), while sales also exceeded the prior year record of 32.5 mill. Euro, increasing to 33.4 mill. Euro. Consequently, the Karlsruhe-based supplier of integrated telematics and electronic fare collection systems for buses and trams for the first time achieved an annual margin of 12.6 per cent. The earnings per share amounted to 0.26 Euro (2004: -0.07 Euro). The liquid funds including the marketable securities added up to 10.8 mill. Euro (2004: 3.4 mill. Euro). The satisfactory business development in 2005 was due to successful major projects in both Europe and North America and to a significant economic up-turn on the German market. The signs for the current fiscal year point to further substantial growth: as of the beginning of the year, the orders on hand aggregated to 54.4 mill. Euro (2004: 22.7 mill. Euro). The full financial statements of init will be published at the analyst and press conference on March 29, 2006.
end of announcement euro adhoc 24.02.2006 08:33:02 --------------------------------------------------------------------------------
ots Originaltext: init innovation in traffic systems AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: Alexandra Weiß Investor Relations Telefon: +49(0)721 6100-102 E-Mail: aweiss@initag.de
Branche: Semiconductors & active components ISIN: DE0005759807 WKN: 575980 Index: CDAX, Prime All Share, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade
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