UK markets open in 6 hours 34 minutes

init innovation in traffic systems SE (0EWR.L)

LSE - LSE Delayed price. Currency in EUR
Add to watchlist
34.95+0.55 (+1.59%)
At close: 4:56PM BST
Full screen
Previous close34.40
Open35.20
Bid0.00 x N/A
Ask0.00 x N/A
Day's range34.95 - 35.25
52-week range34.95 - 35.25
Volume502
Avg. volumeN/A
Market cap405.482M
Beta (5Y monthly)0.97
PE ratio (TTM)23.32
EPS (TTM)1.50
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    init innovation in traffic systems SE: Digitisation specialist init hits growth targets despite the coronavirus crisis year 2020

    DGAP-News: init innovation in traffic systems SE / Key word(s): Preliminary Results/Annual Results05.03.2021 / 12:46 The issuer is solely responsible for the content of this announcement.Based on preliminary figures: Revenues rise to around EUR 181m (forecast: EUR 180m, previous year: EUR 156.5m) Operating earnings (EBIT) at well over EUR 19m are at the upper end of the target range (forecast: EUR 18-20m, previous year: EUR 16.2m)Even in 2020, a year hit by the coronavirus crisis, init innovation in traffic systems SE (ISIN DE0005759807) has achieved its growth targets for revenues and earnings. According to the preliminary figures that are now available, revenues of the digitisation specialist for public transport increased by more than 15 per cent in the past financial year to around EUR 181m (2019: EUR 156.5m). The increase in init's operating earnings before interest and taxes (EBIT) was even stronger, rising by around 20 per cent to well over EUR 19m (previous year: EUR 16.2m) and was thus at the upper end of the target range."We are very satisfied with this result, especially considering that our customers, the transport companies, were hit hard by the lockdown caused by the coronavirus pandemic, sustaining a major loss of revenues. On the other hand, we registered an increase in demand, especially for our new digital products to manage the impact of the coronavirus in public transport", states the Managing Board in its initial assessment of the past financial year.Primarily due to the coronavirus-related postponements of awarding of contracts planned for 2020, incoming orders at over EUR 154m as of the reporting date were below the previous-year figure (EUR 160.2m). However, the postponed projects are expected to be recognised in the first half of the year.Although 2021 will again be a year of transition due to the effects of the coronavirus crisis, the init Managing Board considers that the sustainable growth trends are still intact. Governments worldwide continue to push for the green transformation of the transport sector, leading to rising demand for digital solutions, for example for promoting electromobility and networking of mobility services on a single platform (Mobility as a Service, MaaS).As the international leading provider of integrated solutions for planning, dispatching, telematics and ticketing for buses and trains, init is increasingly transforming from a technology service provider to a service partner of transport companies, also taking over their operational tasks of the delivered systems. "This segment is growing very strongly and secures long-term orders with higher customer loyalty", says the init Managing Board.The Managing Board will present the complete annual report and the forecast for the 2021 financial year on 25 March 2021 at the virtual press and analyst conference. Contact:Person making the notification:Simone FritzInvestor Relationsir@initse.com05.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: init innovation in traffic systems SE Käppelestraße 4-10 76131 Karlsruhe Germany Phone: +49 (0)721 6100 0 Fax: +49 (0)721 6100 399 E-mail: ir@initse.com Internet: www.initse.com ISIN: DE0005759807 WKN: 575980 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1173529 End of News DGAP News Service

  • EQS Group

    init innovation in traffic systems SE: Spokane Transit Authority partners with init for contactless fare management system

    DGAP-News: init innovation in traffic systems SE / Key word(s): Miscellaneous/Contract27.01.2021 / 09:50 The issuer is solely responsible for the content of this announcement.Seven-city region to benefit from smart fare payments - first US contract for HanseComSpokane Transit Authority (STA) in the east of the US state Washington has selected init to implement an account-based and contactless fare system for the seven-city region the public transport provider services. The contract calls for a back-office revenue management system, contactless fare validators, and a mobile app from HanseCom, a wholly owned subsidiary of the init Group. This allows for one-stop services offered by init. For HanseCom, it is the first US contract.init will equip STA buses with 354 contactless fare validators and install another 33 fare validators at locations throughout the region. Once fully installed, the new fare system will enable all-door boarding and revolutionize Spokane's transit customer experience by providing real-time account-management and fare processing, as well as the opportunity for customers to instantly add value to their account and use mobile devices to purchase tickets.init's back-office revenue system MOBILEvario as core intelligenceinit's back-office revenue system MOBILEvario will serve as the core intelligence for the new account-based system, automating reconciliations and processing fare transactions in real time. init's open architecture design will allow STA to integrate both new and existing partners easily. The smart fare system will be integrated with STA's college and university program.Rollout of the core system will follow an aggressive 18-month timeline and is slated to coincide with the launch of the City Line, STA's new Bus Rapid Transit line opening in May of 2022. STA is looking forward to having the new system live: "The customer experience improvements offered by init are an important part of Spokane Transit's ongoing plan to make transit easier, more accessible and convenient than ever," said Brandon Rapez-Betty, STA's Director of Communications and Customer Service. "The power to manage transit fares online and by mobile device is now a common expectation, and we look to our partnership with init to meet it as soon as possible."Contact:Person making the notification:Simone FritzInvestor Relationsir@initse.com27.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: init innovation in traffic systems SE Käppelestraße 4-10 76131 Karlsruhe Germany Phone: +49 (0)721 6100 0 Fax: +49 (0)721 6100 399 E-mail: ir@initse.com Internet: www.initse.com ISIN: DE0005759807 WKN: 575980 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1163576 End of News DGAP News Service

  • EQS Group

    init innovation in traffic systems SE: Lighthouse project for electric mobility in public transport

    DGAP-News: init innovation in traffic systems SE / Key word(s): Product Launch/Miscellaneous20.01.2021 / 11:08 The issuer is solely responsible for the content of this announcement. Second largest fleet of e-vehicles in northern Europe is controlled and managed by init solution Keolis Norge relies on cloud-based software (SaaS) from the international system specialist for operations and load management Long-term contractMany views of electric mobility experts are currently focused on Bergen, the second largest city in Norway. Keolis Norge, the Norwegian subsidiary of one of the world's largest transport companies is building the second largest fleet of e-vehicles for public transport in northern Europe there. This presents completely new challenges for operations control and, above all, demands optimised load management. Keolis Norge relies on the leading technology in this sector - and this comes from init innovation in traffic systems SE.In 2019, the concession for bus operations in Norway's largest port city was awarded anew. One of the most important requirements: The establishment of a fleet of zero-emission vehicles. Keolis Norge won the contract and ordered 138 brand new vehicles, 112 of them electrically operated.However, after winning the tender, Keolis had to find a suitable operations control and load management system for this project. As an outcome, Keolis launched its own private software tender, in which the solutions of init prevailed. More precisely, the first pure Software-as-a-Service (SaaS) cloud solution, to which several companies of the init group contributed.Its special charm: With SaaS, constant updates and upgrades are conducted over the entire term of a contract, whereby the customer/operator pays a monthly license fee, keeping the initial investment costs very low and therefore resulting in the system paying for itself very quickly.Go live for the SaaS solution from init was already in December 2020. Both the Keolis concession and the contract with init are initially valid for ten years with an option for additional two years.The SaaS solution from init consists of various software components: For the real-time control system, the fleet control as well as monitoring and detailed monitoring, LIVErtpi, the proven solution of the Finnish init subsidiary Mattersoft, is the means. LIVErtpi is a modular and flexible open system that combines these essential functions in a web solution that is easy to implement, use and maintain. It also ensures absolutely reliable communication and the fastest possible response to alarms. The on-board units send all vehicle information directly to the LIVErtpi backend system to be displayed and processed on the screens of the control centre.Secure and cost-effective loading processes thanks to MOBILEchargeReliable charging management is an essential prerequisite for ensuring that the electric buses are always on the road safely and on time. To this end, Keolis Norge can focus on the intelligent charging and load management system MOBILEcharge from the init subsidiary CarMedialab.Keolis does not charge on the road and concentrates on charging its E-buses in the depot. From June onwards, the Bergen Mannsverk depot was adapted to the requirements of electro mobility and equipped with the necessary charging infrastructure. Here, MOBILEcharge ensures that the available charging times are used optimally, so that every electric bus can get back on the road in a cost-effective and resource-saving way, but also with sufficient energy and preheated. The connection to the operating control and depot management system is essential, as MOBILEcharge supplies and visualises vehicle-specific operating data (such as State-of-Charge, or battery parameters) in real time during charging. Only a modern web browser is required to use the software - no further installation is necessary.MOBILEcharge also has a monitoring function to ensure that Keolis Norge at Depot Mannsverk always has a full overview and control of the entire charging infrastructure. Errors are detected and automatically transmitted to the back office, so that direct measures can be initiated from the control centre.LIVErtpi and MOBILEcharge are in constant exchange of information with each other and thus enable a continuously optimised fleet management.The Bergen project is pioneering for the breakthrough of electric buses in public transport. After the EU's Clean Vehicles Directive enters into force on 2 August 2021, at least 45 % of the total number of vehicles procured within the framework of newly awarded transport contracts or used during this period must meet the definition of "clean vehicles", half of which must be "emission-free" in accordance with the CVD definition. From 2026 until the end of 2030, these quotas increase to 65 percent (or 32.5 percent). This means an enormous boost for electric mobility as well."With our solutions, we are paving the way to achieving this goal. At the same time, the cooperation with Keolis opens up the prospect of rapid market penetration for our systems, especially for the smart charging of CarMedialab," says the Managing Board with confidence.About Mattersoft Ltd. Mattersoft is a software company focusing on Intelligent Transport Systems. With more than 10 years of experience in software and information services in the public transport sector. Mattersoft is one of the leading suppliers of software and services for Intelligent Transport Systems in Finland. Mattersoft has extensive expertise in traffic signal priorities, real-time passenger information and operational monitoring and management tools for public transport. All systems are provided fully web-based and modular. A typical installation is centralized and provided as a service (SaaS). The company offers a unique combination of centralized traffic signal priorities (TSP) and lightweight real-time passenger information systems (RTPI).About CarMedialab GmbHCarMedialab GmbH, with its headquarters in Bruchsal/Germany, has established itself as a telematics specialist in the automotive industry and the energy sector since 2003. The focus lies on tele diagnosis, smart charging and on IT solutions for public transport. The product spectrum ranges from embedded systems for use in vehicles and the charging infrastructure, to the overall system operation of integrated telematics solutions. CarMedialab has been part of the init group since 2004.About initAs a worldwide leading supplier of integrated planning, dispatching, telematics and ticketing systems for buses and trains, init has been assisting transport companies in making public transport more attractive, faster and more efficient for more than 37 years. Today, more than 700 customers rely on our innovative hard- and software solutions. Contact:Person making the notification:Simone FritzInvestor Relationsir@initse.com20.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: init innovation in traffic systems SE Käppelestraße 4-10 76131 Karlsruhe Germany Phone: +49 (0)721 6100 0 Fax: +49 (0)721 6100 399 E-mail: ir@initse.com Internet: www.initse.com ISIN: DE0005759807 WKN: 575980 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1161925 End of News DGAP News Service