Press

Highlights: Umsatzanstieg im Jahresvergleich auf EUR 545,5 Mio. (+2 %). EBIT sank auf EUR 7,7 Mio. (Vorjahr: EUR 33,6 Mio.).

15:10 CET The operating result (EBIT) of Kapsch TrafficCom for the first three quarters of financial year 2019/20 amounts to EUR 7.7 million. This is about 77% below the EBIT in the comparable period of the previous year and includes one-off effects of EUR -10.6 million. Based on the weak earnings development, the company revokes without replacement the outlook for the EBIT of the financial year (EUR 35 million excluding one-off effects). The highlights of Q1-Q3 2019/20 will be published as planned on February 18, 2020.

Kapsch TrafficCom (Kapsch) begrüßt ein wichtiges Gerichtsurteil des United States District Court in Delaware.

17:33 CET Kapsch TrafficCom is supplier to Plenary Infrastructure Belle Chasse LLC, a consortium just awarded by the Louisiana Department of Transport and Development with the Belle Chasse Bridge & Tunnel Replacement Public-Private Partnership Project. Kapsch TrafficCom will provide the consortium with tolling technology and operate and maintain the toll system. Implementation activities are scheduled to commence in 2023 followed by 30 years of technical and commercial operations. The project volume for Kapsch TrafficCom is estimated to be more than 100M USD over the 30 year term. The overall project entails the building of a four-lane bridge to replace the current traffic infrastructure (a bridge and a tunnel). The newly constructed bridge includes a modern all-electronic tolling technology (which does not require toll booths), as part of the first Private, Public, Partnership (P3) project in the state. The awarded consortium will recoup its investment through tolls paid by motorists using the new bridge. The project is scheduled to start in January 2020 and has a total term of approximately 34 years, just over 4 years to build the bridge and 30 years of operations and maintenance.

Kapsch TrafficCom realisiert in der Stadt Castellón ein intelligentes System im öffentlichen Verkehr, das die Mobilität vor Ort effizienter gestalten wird.

Munich/Vienna, 19 December 2019  – autoTicket GmbH is the project company for the implementation of infrastructure levies contemplated by the Federal Republic of Germany (tolling system for passenger vehicles – so-called “Pkw-Maut”). It is a 50/50 joint venture of Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA as shareholders. Following the unilateral termination of the operating agreement regarding the infrastructure levies with effect as of 30 September 2019 by the German Federal Ministry of Transport and Digital Infrastructure, autoTicket GmbH and its two shareholders decided today that the contractually agreed payment claims against the Federal Republic of Germany amount to a total of approx. EUR 560 millions and to assert claims in this amount in several steps now. autoTicket GmbH and its shareholders Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA are convinced that autoTicket GmbH has a compensation claim due to the present early termination of the agreement by the Federal Republic of Germany, equal to the loss of profits over the term of the agreement. In addition the operating agreement provides for a compensation of the costs arising from the termination of the agreement which includes compensation claims of subcontractors. Such subcontractors include – to varying degrees – Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA as well as some of their affiliated companies. The operating agreement provides for an efficient procedure for dispute resolution: First an independent auditor shall validate the amount of the asserted loss of profits. Thereafter, settlement negotiations with the Federal Republic of Germany are contemplated. In the event of failure of this procedure, the claim will be finally decided in arbitration.

Kapsch TrafficCom (Kapsch) wird auf der diesjährigen Gulf Traffic in Dubai die neuesten integrierten Mobilitätslösungen in realistischen Szenarien vorstellen.

We were able to continue positive revenue development: Revenues rose by 7.0% to EUR 359.2 million relative to the comparable period in the previous year.

Kapsch TrafficCom has been informed to be best bidder for a tolling project in the EMEA region (Europe, Middle East, Africa). Following a final due diligence, the end of the objection period and subject to successful negotiations with the customer, the project could be awarded within the upcoming three weeks. The total project volume over its six year lifetime is expected to exceed EUR 400 million. Kapsch TrafficCom will announce more details as soon as the contract is secured.