EANS-Adhoc: init innovation in traffic systems AG / init started the new financial year with growth in revenue and profits

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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quarterly report

02.05.2012

Karlsruhe, 2 May 2012. init innovation in traffic systems AG has
started the 2012 financial year with growth in revenue and profits.
According to the preliminary figures now available, the global system
house for telematics, planning and electronic payment systems
generated income of EUR 19.6m in the first quarter. This corresponds
to growth of over 40 per cent compared to the previous year (EUR
14.0m) and therefore clearly exceeds planning.

Earnings before interest and taxes (EBIT) also increased to EUR 2.8m
(previous year: EUR 2.6m). It should be taken into account in a
year-on-year comparison that in the first quarter of 2011 the partial
release of risk provisions for Dubai influenced the result as a
special effect.

The group result after taxes increased over 20 per cent to EUR 1.8m
in the first quarter of 2012 (previous year EUR 1.5m). This
corresponds to a profit per share of EUR 0.20 (previous year: EUR
0.15). Operational cash flow was also positive once again in the
first quarter at EUR 4.4m (previous year: EUR 8.9m). This means the
liquid funds, including securities saleable in the short term,
increased in the reporting period to EUR 27.5m (end of 2011: EUR
23.7m).

After this dynamic start, init sees itself well equipped to be able
to achieve the growth targets of EUR 95m set for the entire year of
2012 with an EBIT of EUR 19m. Together with the current orders on
hand of EUR 124m, more than 90 per cent of the turnover expected for
2012 is covered.

init is currently involved in numerous public tenders in Germany and
abroad. Many of these tenders will be decided in the next few months,
so we can expect additional high volumes of new orders in terms of
amount in 2012.

The detailed report on the first quarter of the financial year will
be published on 10 May 2012.

Disclaimer: „This release is not being issued in the United States of
America and should not be distributed to United States Persons or
publications with a general circulation in the United States. This
document does not constitute an offer or invitation to subscribe for
or purchase any securities in addition, the securities of init AG
have not been registered under the United States securities laws and
may not be offered, sold or delivered within the United States or to
U.S. Persons absent from registration under or an applicable
exemption from the registration requirements of the United States
securities law.“

Further inquiry note:
Alexander Güntert
Investor Relations
Tel.: +49 (0)721/6100-316
mailto: ir@initag.de

end of announcement euro adhoc
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issuer: init innovation in traffic systems AG
Käppelestraße 6
D-76131 Karlsruhe
phone: +49(0)721 6100-0
FAX: +49(0)721 6100-399
mail: info@initag.de
WWW: http://www.initag.de
sector: Semiconductors & active components
ISIN: DE0005759807
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English

Quelle: http://www.presseportal.de/pm/57190/2245034/eans-adhoc-init-innovation-in-traffic-systems-ag-init-started-the-new-financial-year-with-growth-in/api