euro adhoc: IVU Traffic Technologies AG
Financial Figures/Balance Sheet /
Nine-month figures for the financial year 2008:
Increased revenue and very good order-book situation
Annual targets will be
achieved, and in the case of revenues exceeded
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9-month report
12.11.2008
IVU Traffic Technologies AG has achieved very high revenues in the third quarter of the financial year 2008. The other figures were below those from the previous year. The reason is product investments in the course of large projects; these will later lead to licence earnings. The order-book situation is very good. The targets for the financial year 2008 will be achieved.
The revenue for the first nine months of the financial year 2008 has exceeded that for the same period of the previous year by 2%, and by considerably more in a Q3 comparison (+13%). The main reason is the increased sales of hardware, in particular of our on-board computers, which also brings with it increased material expenditure.
However, the gross profit for the third quarter is 6% lower than in the previous year, and the nine-month figure is 12% lower. EBIT and the consolidated result are also lower than the comparable figures: after nine months of the financial year 2008, EBIT was EUR 2.0 million below that for the previous year, and there was a consolidated loss of EUR 1.1 million. This is due to the additional work required for product development in order to provide for the demands of large and important customer projects, but which had not been taken into consideration in the original tender calculations, or was not fully covered by the prices which could be achieved in the face of competition for orders. This work involves the further development of products. It has a value beyond the specific project for which it is carried out, because it also represents an investment in the IVU.suite and will contribute to licence earnings in future projects.
The targets for the financial year 2008 will be met, and IVU expects revenues to be well above the target figure. The order-book situation is very good, not least because IVU has concluded the largest contract in the company's history to date for the development of the new public transport system in Santiago de Cali, Colombia.
The full report will be available at approx. 4.00 p.m. CET at www.ivu.de.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Renate Bader
Leiterin Unternehmenskommunikation
Telefon: +49(0)30 859 06 800
E-Mail: rba@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original content of: IVU Traffic Technologies AG, transmitted by news aktuell