euro adhoc: init innovation in traffic systems AG / Financial Figures/Balance Sheet / init achieves targeted 2008 record figures in sales and earnings - growth continues in 2009

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Preliminary Figures 2008

02.03.2009

Karlsruhe, March 2, 2009. init innovation in traffic systems AG fully
succeeded in reaching its sales and earnings targets for 2008.
According to the preliminary figures now available, revenues rose by
almost 20 percent to write a new record figure of around 56 mio. EUR
(2007: 46.8 mio. EUR). Earnings before interest and taxes (EBIT) also
improved by 19 percent to 8.6 mio. EUR (2007: 7.2 mio. EUR) - the
best figure in company history to date. The annual surplus increased
to 5.9 mio. EUR (2007: 5.3 mio. EUR), which corresponds to earnings
per share of 0.60 EUR (2007: 0.54 EUR).

At around 22 mio. EUR in the fourth quarter of 2008 (2007: 12.3 mio.
EUR), the global leader of telematics and electronic fare collection
systems for public transport recorded the highest quarterly sales to
date, despite aggravating global economic conditions. This is due in
particular to major projects and the installation of vehicle
equipment in Dubai and Europe being on schedule, as well as numerous
follow-up contracts from customers in Germany.

With an EBIT of 6.3 mio. EUR, the last quarter of 2008 proved the
most successful for init to date. This was also evident in the
operating cash flow, which saw a rise to 7.1 mio. EUR throughout the
year (2007: -2.6 mio. EUR). Taking into account the funds used for
investments, the free cash flow remaining for 2008 thus totaled 4.8
mio. EUR (2007: -5.6 mio. EUR).

In terms of the rate of new orders and order volume, init also
reported strong growth dynamics. At 70.8 mio. EUR, the order intake
in 2008 exceeded projected sales quite considerably. As of the end of
2008, the orders on hand stood at 112.8 mio. EUR (2007: 102.8 mio.
EUR) and will last well into 2010.

In the first few weeks of 2009, init managed to win further bids,
with the result that more than 80 percent of planned revenues already
seem secure for the current fiscal year. For 2009, the Managing Board
projects sales of 60 mio. EUR and an EBIT of 8.6 mio. EUR, the latter
kept constant on grounds of the global financial crisis.

The full annual report for 2008 along with detailed prospects for
2009 will be presented at an analyst and press conference in
Karlsruhe on March 27, 2009.

end of announcement euro adhoc
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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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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