RSS4984 Kapsch TrafficCom experienced stable business development in the first three quarters of 2014/2015 with existing installation and operation projects. The Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders, upon which the innovation and growth plans are based, remained elusive due to the lack of corresponding invitations to tender.
Revenue of the Group during the first three quarters of the 2014/15 fiscal year was US$283.5 million, slightly below the previous year’s US$403 million. Overall, the balance sheet of the Kapsch TrafficCom Group reflects a continual improvement in the reporting period. Equity ratio rose from 37.6 per cent to 41.0 per cent, net debt has been halved since the start of the current fiscal year and cash and cash equivalents reached US$107.5 million at the end of the third quarter. Net working capital declined significantly and the Group recorded a free cash flow of US$67.4 million for the reporting period. These figures also reflect that there are currently no new large installation projects to be financed.
The next months will see the continuation of existing projects. Kapsch TrafficCom Group also expects a further expansion of existing toll systems, such as those in Belarus and Poland. In addition, several new ITS systems are approaching their decision phases, including one large project. The company is also positive about increasing attention being given to toll systems within Europe.
“Among other indications, the discussion in Germany demonstrates the continued existence of the major trend of financing the maintenance and expansion of infrastructure – an important market driver,” explains Georg Kapsch, CEO of Kapsch TrafficCom. “Kapsch TrafficCom also remains engaged in active discussions with potential toll system customers and expects these efforts to lead to successes as well.”
Revenue of the Group during the first three quarters of the 2014/15 fiscal year was US$283.5 million, slightly below the previous year’s US$403 million. Overall, the balance sheet of the Kapsch TrafficCom Group reflects a continual improvement in the reporting period. Equity ratio rose from 37.6 per cent to 41.0 per cent, net debt has been halved since the start of the current fiscal year and cash and cash equivalents reached US$107.5 million at the end of the third quarter. Net working capital declined significantly and the Group recorded a free cash flow of US$67.4 million for the reporting period. These figures also reflect that there are currently no new large installation projects to be financed.
The next months will see the continuation of existing projects. Kapsch TrafficCom Group also expects a further expansion of existing toll systems, such as those in Belarus and Poland. In addition, several new ITS systems are approaching their decision phases, including one large project. The company is also positive about increasing attention being given to toll systems within Europe.
“Among other indications, the discussion in Germany demonstrates the continued existence of the major trend of financing the maintenance and expansion of infrastructure – an important market driver,” explains Georg Kapsch, CEO of Kapsch TrafficCom. “Kapsch TrafficCom also remains engaged in active discussions with potential toll system customers and expects these efforts to lead to successes as well.”
