EANS-Adhoc: Kapsch TrafficCom AG / Impairments and adjustments of project margins weigh on earnings. EAE

Friday, 23. October 2020 15:23
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Financial Figures/Balance Sheet/Earnings Forecast

Vienna - Based on updated estimates Kapsch TrafficCom has performed impairment
tests for various long-term assets. The main result is a EUR 21 million
impairment of goodwill. In addition, for some projects in particular in North
America, the project margin had to be adjusted and provisions for impending
losses had to be made in the first half of the financial year. This had a
negative impact on the operating result (EBIT) in the amount of EUR 32 million.
In addition, negative currency effects reduced the EBIT by EUR 6 million.

As a result of these effects, revenues will amount to about EUR 258 million and
EBIT to about EUR -58 million in the first half of the 2020/21 financial year.
Consequently, the company currently expects a negative EBIT in the higher two-
digit area as well as a year-on-year fall of revenues of about 25% for financial
year 2020/21.

Further inquiry note:
Press Contacts: 
Carolin Treichl
Executive Vice President Marketing & Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 VIENNA, AUSTRIA
T +43 50 811 1710

Markus Karner
Public Relations
Kapsch TrafficCom AG
Am Europlatz 2, 1120 VIENNA, AUSTRIA
T +43 50 811 1705

Investor Contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 VIENNA, AUSTRIA
T +43 50 811 1122

end of announcement                         euro adhoc

issuer:       Kapsch TrafficCom AG
              Am Europlatz  2
              A-1120 Wien
phone:        +43 50811 1122
FAX:          +43 50811 99 1122
mail:         ir.kapschtraffic@kapsch.net
WWW:          www.kapschtraffic.com
ISIN:         AT000KAPSCH9
stockmarkets: Wien
language:     English

EAX0006    2020-10-23/15:23

Related Links: Kapsch TrafficCom AG
Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.