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Init Innovation In Traffic Systems SE (IXXG.DE)

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Latest Key Developments (Source: Significant Developments)

Init AG wins order of over EUR 10 mln from Hamburg
Tuesday, 11 Jul 2017 06:21am EDT 

July 11 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE ::‍VERKEHRSBETRIEBE HAMBURG-HOLSTEIN GMBH AIMS TO PROVIDE PASSENGERS WITH FASTER INFORMATION AND A MORE EFFICIENT MOBILITY MANAGEMENT CONCEPT​.IS SUPPLYING AN INTEGRATED SOLUTION FOR DATA MANAGEMENT, CONTROL SYSTEM, PASSENGER INFORMATION AND ELECTRONIC FARE MANAGEMENT.HAS RECEIVED AN ORDER OF OVER EUR 10 MILLION FROM HAMBURG FOR SUPPLY AND INSTALLATION OF REQUISITE HARDWARE AND SOFTWARE.  Full Article

Init Innovation In Traffic Systems: major order from New Zealand
Monday, 15 May 2017 05:00am EDT 

May 15 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE ::INIT INNOVATION IN TRAFFIC SYSTEMS SE: MAJOR ORDER FROM THE OTHER SIDE OF THE WORLD.NINE NEW ZEALAND REGIONAL AUTHORITIES OPT FOR TICKETING SYSTEM FROM INIT.CONTRACT FOR THE INSTALLATION, TECHNICAL OPERATION AND MAINTENANCE OF SUCH A SYSTEM FOR NINE REGIONAL COUNCILS.  Full Article

Init sees FY17 incoming orders of EUR 120-130 mln
Wednesday, 29 Mar 2017 09:22am EDT 

Init Innovation In Traffic Systems SE : Incoming orders of 120 million euros to 130 million euros targeted for 2017 . EBIT margin set to rise again sharply from 2018 after a decline in 2017 . Propose to annual general meeting, to be held on 24 May 2017, an increase of dividend for financial year 2016 by 10 pct to 0.22 euros/share .In 2017, managing board is therefore expecting revenues to increase to around 120 million euros ($128.94 million)(2016: 108.6 million euros).  Full Article

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

BRIEF-Init AG wins order of over EUR 10 mln from Hamburg

* ‍VERKEHRSBETRIEBE HAMBURG-HOLSTEIN GMBH AIMS TO PROVIDE PASSENGERS WITH FASTER INFORMATION AND A MORE EFFICIENT MOBILITY MANAGEMENT CONCEPT​