euro adhoc: init innovation in traffic systems AG / Financial Figures/Balance Sheet / init anticipates further growth after record year

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

29.03.2006

The 2005 fiscal year for init innovation in traffic systems AG was a
year of superlatives. According to the annual report presented today,
the company, listed in the Prime Standard, attained new record
figures in sales, earnings, cash flow, and in its volume of new
orders. Accordingly, the revenues in the fiscal year ended rose to
33.4 mill. Euro (2004: 32.5 mill. Euro), this predominantly being due
to large-scale projects in Houston, Oslo and Stockholm and the
recovery of the domestic market. At 2.6 mill. Euro (2004: -0.7 mill.
Euro), the Karlsruhe-based specialist in telematics and electronic
fare collection systems for buses and trains at the same time
realized the highest annual net profit and at 4.2 mill. Euro (2004:
-1.1 mill. Euro) the best earnings before interest and taxes (EBIT)
in its 23-year company history. The earnings per share thus stood at
0.26 Euro (2004: -0.07 Euro). init further managed to increase its
cash flow almost sixfold on the previous year, to 10.1 mill. Euro
(2004: 1.8 mill. Euro). This corresponds to a value of more than 1
Euro per share. At 10.9 mill. Euro (2004: 3.4 mill. Euro), the liquid
funds including securities also reached a new high as of the end of
the year. Due to numerous successful tenders in 2005, init reported
the highest intake of new orders since its founding, totaling 64.3
mill. Euro. This corresponds to an increase of just under 40 mill.
Euro, or 159 per cent, as compared to the previous year (24.8 mill.
Euro). Based on the increase in the level of orders by 140 per cent
to 54.4 mill. Euro (2004: 22.7 mill. Euro) and further contracts
expected to materialize over the next few months, the Managing Board
anticipates a continuation of its current positive business trend.
Further potential orders are said to arise on account of business
initiations in the Middle East and the equipment of vehicles with
telematics equipment, neither of which have yet been included in the
projections. Irrespective of this, init is set to strive for a
further improvement in both sales and earnings.

end of announcement euro adhoc 29.03.2006 06:46:36
--------------------------------------------------------------------------------

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