ots Ad hoc-Service: IVU Traffic Techn. AG <DE0007448508> IVU Traffic Technologies AG: Results for H1/2000
Berlin (ots Ad hoc-Service) -
The sender is solely responsible for the contents of this announcement.
Neuer Markt-listed IVU Traffic Technologies AG (WKN 744 850) has announced its results for the first six months of 2000:
Gross profit of DM 12.1 million (DM 8.96 million in H1/1999) - EBIT of DM -2.07 million (DM -1.40 million as of June 30, 1999) - DVFA earnings of DM -0.16 per share (previous year: DM -0.11 per share) - Orders received are currently 50% higher than the previous year, amounting to over DM 25 million, just under DM 21 million of which will be invoiced in 2000.
Revenue increased to DM 9.1 million as of June 30, 2000, as against DM 8.7 million as of June 30, 1999, corresponding to the cyclical nature of IVU Traffic Technologies AG's usual annual revenue development. IVU Traffic Technologies AG usually generates between 25 % and 35 % of its annual revenue in the first six months of the year. At DM -2.1 million, the EBIT for H1/2000 is negative as expected. IVU Traffic Technologies AG's EBIT was DM -1.4 million as of June 30, 1999.
In H1/2000, IVU acquired new orders worth nearly DM 21 million (an increase of 50 % year-on-year), approximately DM 18 million of which will be recognized in income in 2000.
Gross profit increased by more than a third year-on-year from DM 8.96 million to DM 12.06 million as of June 30, 2000. The inflow of funds for research and development due to international invitations to tender deserves particular mention (approx. DM 2.9 million; DM 0.8 million in H1/1999). This increase in gross profit by over DM 3 million was utilized primarily for human resource investments.
IPO preparation costs of around DM 1.4 million were incurred in H1/2000 and reported separately. The net loss of just under DM 2 million for the first quarter of 2000 reported in the offering prospectus, rose only slightly by a good DM 100 thousand to DM 2.11 million (H1/1999: DM 1.4 million) not including the IPO costs, despite the sharp rise in staff costs.
Incoming orders increased at an above-average rate. Current order books are up 50% year-on-year at DM 25 million (previous year DM 12 million), DM 21 million of which will be invoiced in 2000. The foundations have thus been laid for further above- average growth.
Against the background of the orders situation, IVU Traffic Technologies AG will reach its targets for 2000.
The full interim report for the first six months will be available on the Internet from August 25, 2000 at http://www.ivu.de.
For further information, please contact:
IVU Traffic Technologies AG Investor Relations Antje Krekeler Tel. +49 (0) 30-85906-272 Fax: +49 (0) 30-85906-111 Web: http://www.ivu.de e-mail: akj@ivu.de
End Internet: http://recherche.newsaktuell.de
Original content of: IVU Traffic Technologies AG, transmitted by news aktuell