euro adhoc: init innovation in traffic systems AG / quarterly or semiannual financial statement / Consolidated net income nearly doubled - init continues on record course

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06.11.2006

The satisfactory upward trend of init innovation in traffic systems
AG continues steadily. According to the preliminary figures published
in the nine-month report, both sales and earnings revealed
above-average growth at a high level. By the end of the third
quarter, the net income nearly doubled on the prior-year period,
aggregating 2.3 mill. Euro (previous year: 1.2 mill. Euro). As of
September 30, 2006, earnings generated before interest and taxes
(EBIT) totaled 3.3 mill. Euro (previous year: 2.2 mill. Euro) and
thus proved well above projections.

In the third quarter, init managed to increase its sales figure by
yet another 8 percent, from 7.3 mill. Euro in the previous year to
7.8 mill. Euro. With 24.6 mill. Euro, sales for the whole nine months
thus exceed the prior-year figure (22.9 mill. Euro) by around 7
percent.

In terms of earnings before interest and taxes (EBIT), init realized
a notable gain: at 1.0 mill. Euro, the past quarter made a
significant difference up by around 70 percent as against the third
quarter of 2005 (0.6 mill. Euro). Even after taxes, the figure rose
by leaps and bounds to improve by an impressive 126 percent, from 285
TEuro in the prior-year period to 644 TEuro. This excellent
performance was due not least to a significantly improved gross
margin, coming in at 37.1 percent compared with 29.8 percent in the
previous year.

At 52.9 mill. Euro, the level of orders as of September 30, 2006 rose
to record levels (previous year: 23.2 mill. Euro). The cushion of
existing orders will extend well beyond 2007 and forms the basis for
considerable growth potential over the next few years.

Business projections for 2006 currently anticipate sales of around 37
mill. Euro and earnings before interest and taxes of 4.5 mill. Euro.
Consequently, at the end of the third quarter, init is on course to
achieve the best results in company history in terms of sales, EBIT
and consolidated net income.

The full nine-month report of init innovation in traffic systems AG
will be published on November 10.

end of announcement euro adhoc 06.11.2006 09:39:58
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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