EANS-News: Kapsch TrafficCom finished a weak fiscal year 2012/13 with an outstanding fourth quarter

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annual result/Earnings/Financial Figures/Balance Sheet

Wien (euro adhoc) - _________________________________________________
________________________ |
| |1_April-31_March_____|___2012/13____|_________+/-_________|___2011
/12____| | |Revenues (in million | 488.9 | -11 %
| 549.9 |

|EUR)_________________|______________|_____________________|______________|
|
|EBIT_(in_million_EUR)|_____15.3_____|________-64_%________|_____42.2_____|
|

|Profit for the period| 16.7 | -39 % | 27.5
| |(in_million_EUR)_____|______________|_____________________|_______
_______| | |Earnings per share | 0.74 | -54 %
| 1.62 | |(in_EUR)*____________|______________|______________
_______|______________| | |Dividend per share | 0.40** |
-56 % | 0.90 | |(in_EUR)_____________|______________|__
___________________|______________|

* Earnings per share 2012/13 relate to 13.0 million shares, 2011/12
relate to a weighted average number of 12.74 million shares **
Proposal of the executive board subject to approval of the
shareholders? meeting on 12 September 2013

Vienna, 11 June 2013 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment, is
reporting on its fiscal year 2012/13 as a transition period in terms
of projects and the company's organizational structure, which was
retooled during the reporting period for the planned continuation of
growth.

The Kapsch TrafficCom Group made significant progress during the past
fiscal year, although the investments in the future as well as
project delays led to lower revenues with simultaneously high
expenditures. The earnings figures of the reporting year therefore
lie clearly below the targets of the executive board.

Revenue and earnings

The revenue in the fiscal year 2012/13 was EUR 488.9 million, which
is 11.1 % below the previous year's value of EUR 549.9 million. This
decline reflects, on one hand, the fact that the major installation
projects in Poland and South Africa were already completed but the
new projects were of smaller overall volume and only began
contributing revenue as of the second half of the year. On the other
hand, the operation revenues in Poland and South Africa were still
significantly below expectations since the completed system in South
Africa did not go into operation by the end of the fiscal year and
the revenues earned in Poland reached the expected levels only as of
the third quarter. The number of on-board units sold also remained
below that of the previous year since no initial deliveries or
subsequent deliveries for new systems took place.

These circumstances also led to an operating result (EBIT) that was
negative in the first two quarters. In the third quarter, the
continued delays in the South African project forced Kapsch
TrafficCom to update the contract calculation. This resulted again in
negative operational earnings. Only in the fourth quarter did the
improved system operation in Poland together with progress in the
project in Belarus enable a significant increase in revenue, making
the quarterly earnings more than satisfactory at EUR 24.9 million.
For the entire year, the EBIT was EUR 15.3 million, following EUR
42.2 million in the previous year. This puts the EBIT margin at 3.1
%, considerably below the previous year's value of 7.7 %.

The reporting year was also characterized by preparations for new
projects, in other words by already recorded expenditures that were
not yet offset by corresponding revenue or income. The implementation
of the new organizational structure also required initial
investments. The lower revenues made cost coverage more difficult
here.

The profit before taxes decreased from EUR 36.3 million in the
previous year to EUR 16.9 million. Lower tax expenses and increased
finance income were able to partially compensate for the decline in
the operating result (EBIT). The profit for the period declined from
EUR 27.5 million to EUR 16.7 million, putting the profit per share at
EUR 0.74 compared with EUR 1.62 in the year before.

The executive board will recommend to the annual shareholders'
meeting on 12 September 2013, the payment of a dividend of EUR 0.40
per share (2011/12: EUR 0.90 per share) for the fiscal year 2012/13.
The payout ratio (with respect to the profit for the period
attributable to the equity holders of the company) is therefore
roughly 54 % (2011/12: roughly 57 %).

Segments

The segment RSP (Road Solution Projects) recorded revenues of EUR
128.3 million after EUR 229.9 million in the previous fiscal year, a
decrease of 44.2 %. The projects begun in Belarus, France, Australia
and the U.S.A. as well as the extensions to the system in Poland were
not able to compensate for the revenue decline in connection with the
complete or largely concluded system implementations in Poland and
South Africa. The EBIT of the segment RSP was EUR -51.7 after EUR 4.1
million in the previous year. Due to the decreased revenues, it was
not possible to cover the regular costs associated with this segment.
The project in South Africa also further weighed down the result.

In the segment SEC (Services, System Extensions and Components
Sales), revenues increased by 11.1 % from EUR 308.1 million in the
previous year to EUR 342.3 million. A significant revenue
contribution was supplied by the project in Poland, which went into
operation in July 2011 and therefore only contributed income for nine
months. The operation of the nationwide systems in the Czech
Republic, Austria and Switzerland continued to yield stable revenue
contributions. On the other hand, the continued delay in the
commissioning of the project in the South African province of Gauteng
had a negative impact. The number of on-board units sold was 9.3
million compared with 11.2 million units in fiscal year 2011/12. The
lower volume in the fiscal year just finished was related to the
absence of additional deliveries for the project in Gauteng, South
Africa. The EBIT of the segment SEC was EUR 66.1 million after EUR
37.3 million in the previous year. The EBIT margin therefore
increased from 12.1 % to 19.3 %.

Financial position and cash flows

The balance sheet of the Kapsch TrafficCom Group paints an extremely
solid picture. The conclusion of the system implementation in Poland
and the associated payment of the last milestone from construction of
the system in the first quarter of the reporting year led to
noticeable improvements compared with the balance sheet date of 31
March 2012. Despite the weak profit situation, the equity ratio was
42.4 % at the end of the fiscal year 2012/13. The net debt on 31
March 2013 was 46 % below the previous year's value despite financing
of the Belarus project. The net working capital and the capital
employed are also far below the level of the previous year despite
the rise in the fourth quarter. The cash and cash equivalents
increased over the fiscal year from EUR 44.9 million to EUR 79.0
million. The free cash flow, which was negative in the comparison
period, amounted to EUR 48.3 million at the end of the reporting
year. This confirms that Kapsch TrafficCom has the necessary
financial potential for the planned growth.

Strategy

In 2012, the Kapsch TrafficCom Group defined its company strategy up
to the year 2016 as well as four specific strategy paths. Since
October 2012 the entire group now shares a globally standard
organizational structure with coordinated standards, processes and
interfaces. This should increase efficiency and support further
growth. Additional growth prospects also lie in the development of
complete ITS (Intelligent Transportation Systems) solutions. "We will
continue our investments in the future despite the weak results of
the fiscal year 2012/13. Making cuts due to the current situation
would mean not having the necessary structures and capacities for the
projects that are expected in the future," says Georg Kapsch, CEO of
Kapsch TrafficCom AG, in confirmation of the growth strategy.

Outlook

Kapsch TrafficCom considers itself well positioned with its ITS
strategy and the new company structure. The strong balance sheet
structure shows that the group also has sufficient financial
potential for upcoming projects both small and large - even running
in parallel.

The fiscal year 2013/14 will be marked by a continuation of the
existing projects. In particular, the further developments in South
Africa will influence the revenue and earnings situation. In
addition, an invitation to tender has already begun in Slovenia.
Kapsch TrafficCom expects additional tenders in Belgium and the
U.S.A. Extensive toll systems are under discussion in Bulgaria,
Russia and the surrounding countries as well as in Germany, and these
discussions are also being followed with great interest.

An overview of the fiscal year 2012/13 (key aspects and figures) can
be found at http://www.kapsch.net/ktc/investor_relations/reports/down
load/KTC_Key- Aspect_FY13?lang=en-US. The annual financial statements
and the annual report will be published sooner than planned on 14
June 2013 (instead of 26 June 2013).

Kapsch TrafficCom is a provider of intelligent transportation systems
(ITS) in the application fields of road user charging, urban access
and parking, road safety enforcement, commercial vehicle operations,
electronic vehicle registration, traffic management and V2X
cooperative systems. Kapsch TrafficCom covers with end-to-end
solutions the entire value creation chain of its customers as a
one-stop shop, from components and subsystems to their integration
and operation. The solutions of Kapsch TrafficCom help to provide
funding for infrastructure projects, to increase traffic safety, to
optimize traffic flow, and to reduce environmental pollution from
traffic. The core business is to design, build and operate electronic
toll collection systems for multi-lane free-flow traffic. References
in 43 countries on all continents make Kapsch TrafficCom a recognized
supplier of electronic toll collection worldwide. As part of the
Kapsch Group, a family-owned Austrian technology group founded in
1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has
subsidiaries and representative offices in 33 countries, has been
listed on the Vienna Stock Exchange (KTCG) since 2007, and generated
with more than 3,000 employees revenues of EUR 488.9 million in
fiscal year 2012/13. For more information,visit
www.kapschtraffic.com.

Follow us on Twitter:twitter.com/kapschnet.

Further inquiry note:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
phone: +43 50.811 1120
email: {ir.kapschtraffic@kapsch.net}
[HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]

Press contact:
Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2
1120 Vienna, Austria
phone: +43 50.811 1705
email: {katharina.riedl@kapsch.net}
[HYPERLINK: mailto:katharina.riedl@kapsch.net]

end of announcement euro adhoc
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company: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English