euro adhoc: init innovation in traffic systems AG / quarterly or semiannual financial statement / init continues on record course - sales and earnings above plan

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6-month report

07.08.2007

init innovation in traffic systems AG continued its growth trend in
the second quarter to finish above plan in both sales and earnings at
the end of the first six months.

From April to June 2007 the Karlsruhe-based telematics specialist
generated revenues of 11.7 mio. EUR (2006: 10.6 mio. EUR) topping the
prior-year record level. At the end of the first half of 2007, init
sales totaled 19.4 mio. EUR, which corresponds to an increase of 16.2
percent on the previous year (16.7 mio. EUR). The gross operating
result as at the end of June thus also increased and stood at 6.7
mio. EUR (2006: 6.3 mio. EUR).

Due to a significant increase in engineering services, for a number
of large-scale projects which are due to affect income in the latter
half of the year, and the currency losses resulting from falling US
dollar prices, the earnings before interest and taxes (EBIT) amounted
to 1.2 mio. EUR (2006: 2.3 mio. EUR). The group´s period surplus
aggregated 0.8 mio. EUR (2006: 1.6 mio. EUR), which corresponds to
earnings per share of 0.09 EUR (2006: 0.17 EUR).

Traditionally, group sales at init spread unevenly throughout the
fiscal year. While the first two quarters usually prove weakest in
terms of revenues, the lion share is generated in the fourth quarter.
Consequently, the operating result after the first six months
generally tends to be relatively low. In the current fiscal year,
however, sales developed above plan to finish yet again with a
positive result.

In the latter half of the year, init anticipates a spurt in growth
with above-average earnings due to the commencement of deliveries for
two major projects. The order situation at init also continues to be
highly satisfactory. As at the end of June, the order volume totaled
69.1 mio. EUR (2006: 57.1 mio. EUR). In the third quarter, the group
expects further large-scale projects to materialize. Against this
background, the Managing Board has confirmed its growth forecast for
2007 with revenues of some 45 mio. EUR (2006: 36.3 mio. EUR) and
earnings before interest and taxes (EBIT) of 6.5 mio. EUR (2006: 5.6
mio. EUR).

end of announcement euro adhoc 07.08.2007 10:02:44
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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
Börse Hamburg / free trade
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