01.08.2006 – 07:41

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
quarterly or semiannual financial statement
init increases first-half profits by 76 percent - Turnover and result above budget

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01.08.2006

In the first half of 2006, init innovation in traffic systems AG
(ISIN DE0005759807) has recorded pleasing growth both in turnover and
result and set what are in many respects new record figures.

This is primarily true for the revenue side: based on a gross margin
of over 37 percent, the earnings before taxes in the second quarter
stood at 1.9 million Euro - 87,2 percent up on the previous year’s
figure (1.0 million Euro) and thus significantly above the planned
figures. Seen against the first half, the growth for this key figure
is 54.3 percent (2.4 million Euro in 2006, against 1.6 million Euro
in the previous year).

The net profit even succeeded in more than doubling in the second
quarter at 1.3 million Euro (2005: 0.6 million Euro). For the first
six months, this translated into a 76.7 percent increase in
consolidated surplus, up to 1.6 million Euro (2005: 0.9 million
Euro), enabling init to increase the earnings per share up to 0.16
Euro (2005: 0.09 Euro).

In the second quarter of 2006, init was able to improve the high
turnover of the previous year (7.9 million Euro) by 34.1 percent with
10.6 million Euro. The now available figures for the first half-year
show a new record level for revenues at 16.7 million Euro (2005: 15.6
million Euro). This high level of business was largely driven by
follow-up contracts from large European projects.

This all means that init remains on course for a new record year and
looks set to achieve its much sought after objective of increasing
both turnover and result for the whole year. The turnover
distribution of init throughout the financial year is usually
disproportionate whereas the last quarter of the year is
traditionally the strongest.

The current level of jobs on the order book extends beyond 2006 and
already forms the basis for a high growth potential next year.
Compared with the same point in time in the previous year, by the end
of June init had almost two and a half times the value of orders on
the books with 57.1 million Euro (2005: 23.9 million Euro). The board
is also expecting further substantial orders to come in during the
next few months.

The complete Q2-report 2006 will be published in week 32.

end of announcement                               euro adhoc 01.08.2006 07:02:58

Further inquiry note:

Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

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