First quarter results 2022/23

EQS-News: Kapsch TrafficCom AG / Key word(s): Quarterly results
Kapsch TrafficCom AG: results for the first quarter 2022/23
17.08.2022 / 07:15 CET/EST
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Kapsch TrafficCom – First quarter results 2022/23

Strong points.

  • Revenue increased by 3%

  • Strong development of the components business (+20%).

  • Due to a stronger US dollar and higher nominal compensation, personnel costs increased despite the decline in headcount. This led to a decline in operating profitability (EBIT).

  • The seasonal evolution of working capital resulted in a negative free cash flow.

„The economic environment remained very difficult in the first quarter. Nevertheless, we managed to increase our revenues by 3% to 130 million euros compared to the first quarter of the previous year. Despite the increased costs, we were able to close the quarter with a positive EBIT. For the rest of the year, we will continue to focus on new business acquisition on the one hand and cost management on the other,” says Georg Kapsch, CEO of Kapsch TrafficCom.

Unless otherwise stated, all values ​​in millions of EUR

Q1 2021/22

Q1 2022/23

+/-

Revenue

126.8

130.5

+2.9%

EBIT

6.6

0.5

-92.1%

EBIT margin

5.2%

0.4%

-4.8pp

Profit for the period attributable to shareholders

3.2

-1.3

n / A

Earnings per share (EUR)

0.24

-0.10

-€0.34

Vienna, August 17, 2022 – Kapsch TrafficCom succeeded in increasing its revenues by 3% to 130 million euros compared to the previous year. Higher operating expenses, partly due to inflation, caused the operating result (EBIT) to fall to 1 million euros (previous year: 7 million euros). A favorable evolution of exchange rates, especially of the US dollar against the euro, led to an almost balanced financial result (previous year: EUR -2 million). As pre-tax income hit a black zero, there were virtually no income taxes. Nevertheless, they led Kapsch TrafficCom to declare a red zero as the result for the period of the first quarter 2022/23 (previous year: 3 million euros). The result for the period attributable to shareholders amounts to EUR -1 million (previous year: EUR 3 million), which corresponds to a profit per share of EUR -0.10 (previous year: EUR 0.24).

It is a recurring seasonal trend that during the first quarter of the fiscal year, the variation in working capital leads to negative free cash flow. In the first quarter of 2022/23, it amounted to -22 million EUR (previous year: -11 million EUR). As a result, net debt increased to €184 million (31 March 2022: €158 million) and the equity ratio decreased to 14%. Total assets amounted to €497 million as of June 30, 2022 (March 31, 2022: €512 million).

Segment results for the first quarters of 2022/23.

73% of revenues were generated by the toll segment and 27% by the traffic management segment. The Europe-Middle East-Africa (EMEA) region accounted for 48% of revenue, the Americas region (North, Central and South America) 46% and the Asia-Pacific (APAC) region 6%.

Toll segment.

Revenues increased by 7% to EUR 96 million, driven by higher revenues in the implementation and component businesses. Operating activity decreased slightly.

The Americas region made the largest contribution to revenue at 48%. EMEA generated 46% of toll revenue and APAC around 6%.

Results Toll
Unless otherwise stated, all values ​​in millions of EUR

Q1 2021/22

Q1 2022/23

+/-

Revenue

89.6

95.9

+7%

EBIT

3.1

-1.6

n / A

EBIT margin

3.5%

-1.7%

-5.2pp

EBIT was EUR -2 million (prior year: EUR 3 million) and EBIT margin was -2% (prior year: 4%).

Segment traffic management.

Revenue decreased by 7% to €35 million, mainly due to lower implementation activity.

The largest revenue contribution was made by the EMEA region with 54%. The Americas generated 42% of traffic management revenue and APAC 4%.

Results Traffic Management
Unless otherwise stated, all values ​​in millions of EUR

Q1 2021/22

Q1 2022/23

+/-

Revenue

37.2

34.6

-6.9%

EBIT

3.4

2.2

-36.9%

EBIT margin

9.3%

6.3%

-3.0pp

EBIT was positive at EUR 2 million (prior year: EUR 3 million) and the EBIT margin was 6% (previous year: 9%).

The “Highlights Report” for the first quarter of 2022/23 as well as additional earnings documents are expected to be available today, from 7:35 a.m. (CET), at: https://www.kapsch.net/en/ir

Kapsch TrafficCom is a globally recognized provider of transport solutions for sustainable mobility with successful projects in over 50 countries. Innovative solutions in the application areas of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.

With one-stop-shop solutions, the company covers the entire customer value chain, from components to design and implementation to system operation.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed on the Prime Market segment of the Vienna Stock Exchange (stock symbol: KTCG). In its 2021/22 financial year, 4,220 employees generated revenues of around EUR 520 million.

Hurry contacts:

Caroline Treichl
Executive Vice President
Marketing communications
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1710
[email protected]


Ingrid Rieger
Corporate Communications Manager
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1724
[email protected]

Investor Contact:

Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1122
[email protected]

Further information : www.kapsch.net/ktc
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17.08.2022 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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