Announcements

Kapsch TrafficCom Group reached a decisive milestone in the first half of 2023/24 with the settlement of the arbitration proceedings with Germany.

The Supervisory Board has decided not to renew the Executive Board contract of Andreas Hämmerle, CFO of the company, which runs until 2024.

Summary of the resolutions of the Annual General Meeting at Kapsch TrafficCom on 6th of September, 2023.

Kapsch TrafficCom AG currently expects a cash inflow in the amount of EUR 99.5m from the settlement in Germany.

Business developed well as expected in the first quarter of 2023/24. However, revenues and earnings were again impacted by numerous special effects.

The settlement agreement has now been executed and is effective. The payment of the amount of EUR 243 million has already been affected.

The settlement is expected to be formally finalized and executed in the coming days and thus becomes effective.

Kapsch TrafficCom recorded a slight increase in business in the financial year 2022/23, as expected, but EBIT remained significantly below expectations.

Kapsch TrafficCom AG announces that it has reached an agreement with its major financial creditors on a comprehensive restructuring of the financing.