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Init Innovation In Traffic Systems SE (IXXG.DE)

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Init acquires HanseCom Public Transport Ticketing Solutions (PTTS) GmbH
Wednesday, 28 Sep 2016 09:22am EDT 

Init AG : Init acquires leading German provider of sales and customer management systems for public transport, HanseCom Public Transport Ticketing Solutions (PTTS) GmbH . Acquisition also brings a number of new major clients in Germany and Austria .This points to an additional revenue potential in middle single-digit millions range in 2017.  Full Article

Init innovation in traffic systems acquires 27.5 pct stake in Bytemark Inc.
Tuesday, 23 Aug 2016 11:19am EDT 

Init AG : Strategic investment in leading provider of mobile phone ticketing in North America . Investment in Bytemark Inc. is being consolidated at equity on init group's balance sheet and should already be making a positive contribution to overall result by 2017 .Acquires a 27.5 pct stake in Bytemark Inc., located in New York, USA with additional offices in UK, India And Australia.  Full Article

Init Q2 revenues down at 22.4 million euros
Friday, 5 Aug 2016 03:00am EDT 

Init AG : H1 EBIT decreased year-on-year to 1.9 million euros (previous year: 3.7 million euros) . Now expects to generate revenues of approximately 106 million euros (previous forecast: 100 million euros) at group level in 2016, resulting in EBIT of some 12 million euros (previously: 8 million euros) . Generated Q2 revenues of 22.4 million euros (Q2 2015: 23.6 million euros) . Recently raised its forecast for full year in view of positive effects expected from acquisition of an additional 25.5 per cent stake in sensor specialist Iris-GmbH .Order backlog as at 30 june stood at approximately eur 123m (previous year: eur 121m) and as such already covered more than one year's revenues.  Full Article

init raises FY 2016 forecats
Friday, 22 Jul 2016 01:48am EDT 

init innovation in traffic systems AG : Said on Thursday AGM passed resolutions to change the company's legal form from AG to SE and to pay dividends of 0.20 euros per share . Said forecast for 2016 is raised, growth expectations for 2017 are confirmed . Said authorisation is granted to issue warrant bonds and convertible bonds . Board proposed the authorisation - which shall be valid until July 20, 2021 - to issue warrant bonds and convertible bonds to a total nominal value of up to 100 million euros ($110.26 million) as well as the creation of the associated conditional capital of up to 5 million euros . Chairman of Managing Board confirmed that company is expecting incoming orders worth 110 million euros in the current financial year .Said is now expecting at a group level to generate revenues of 106 million euros (previous forecast: 100 million euros) and operating profit before interest and taxes (EBIT) of more than 12 million euros (previous forecast: 8 million euros) in the financial year 2016.  Full Article

Init innovation in traffic systems raises FY revenues and profit targets
Monday, 18 Jul 2016 10:17am EDT 

Init AG : Increases its 2016 targets for revenues and profit . New revenues and profit forecast following a takeover .Now expects that init will in current fiscal year generate revenues of 106 million euros ($117.23 million) (previous forecast: 100 million euros) and operating earnings before interest and taxes (EBIT) of more than 12 million euros (previous: 8 million euros) at group level.  Full Article

Init unit signs ticketing system contract with British public transport provider
Tuesday, 5 Jul 2016 06:58am EDT 

Init AG : init innovation in traffic systems AG wins leading british public transport provider as a new customer .INIT Innovations in Transportation Ltd, a wholly owned subsidiary of init AG, signs ticketing system contract With National Express West Midlands.  Full Article

init plans to acquire majority stake from iris-GmbH
Thursday, 12 May 2016 06:10am EDT 

init innovation in traffic systems AG : Plans to acquire majority stake from sensor specialist iris-GmbH .Is planning to expand its participation in iris-GmbH from 49 to 74.5 percent.  Full Article

init innovation in traffic systems AG issues FY 2016 outlook below analysts' estimates
Wednesday, 23 Mar 2016 11:02am EDT 

init innovation in traffic systems AG:Expects revenues of about 100 million euros ($111.78 million) with slight decline in margins for 2016. This corresponds to operating profit (EBIT) of about 8 million euros.FY 2016 revenues 108.93 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT 15.90 million euros - Thomson Reuters I/B/E/S.  Full Article

init innovation in traffic systems was awarded public transit fare collection contract by Honolulu
Monday, 21 Mar 2016 02:27am EDT 

init innovation in traffic systems AG:Honolulu awarded public transit fare collection contract to init.After successful contract closure init anticipates a total contract value of more than $30 million.  Full Article

init innovation in traffic systems AG proposes dividend
Monday, 14 Mar 2016 01:02pm EDT 

init innovation in traffic systems AG:Managing board and supervisory board propose dividend of 0.20 euros per share (previous year: 0.80 euros).  Full Article

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BRIEF-Init FY 2016 revenues up at 108.6 mln euros

* Increase in FY revenues to 108.6 million euros ($115.91 million)(2015: 105.3 million euros)