EQS-Adhoc: autoTicket GmbH expects EUR 243 million from arbitration proceedings against the Federal Republic of Germany based on a settlement and Kapsch TrafficCom AG changes outlook for financial year 2023/24.

EQS-Ad-hoc: Kapsch TrafficCom AG / Key word(s): Scheme of Arrangement
   autoTicket GmbH expects EUR 243 million from arbitration proceedings
   against the Federal Republic of Germany based on a settlement and Kapsch
   TrafficCom AG changes outlook for financial year 2023/24.

   05-Jul-2023 / 17:07 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc release.

   autoTicket GmbH expects EUR 243 million from arbitration proceedings
   against the Federal Republic of Germany based on a settlement and Kapsch
   TrafficCom AG changes outlook for financial year 2023/24.

   Vienna, July 5, 2023 – The Executive Board of Kapsch TrafficCom AG (ISIN:
   AT000KAPSCH9) announces that autoTicket GmbH, a joint venture of CTS
   Eventim AG Co. KGaA and Kapsch TrafficCom AG, which is held in equal
   shares, expects a compensation and damages payment in the amount of EUR
   243 million due to a settlement agreement with the Federal Republic of
   Germany to end the arbitration proceedings conducted due to the
   termination of the operations contract for the collection of the
   infrastructure charge ("passenger car toll").

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

   With the payment of the amount of EUR 243 million to autoTicket GmbH by
   the Federal Republic of Germany, the reciprocal claims arising from the
   operating agreement will have been settled, in particular the claims for
   compensation and damages initially asserted by autoTicket GmbH against the
   Federal Republic of Germany in the amount of approximately EUR 560
   million. In accordance with the settlement reached, autoTicket GmbH will
   have to pay, out of the amount of EUR 243 million, the winding-up and
   other costs as well as expenses already incurred and future expenses, the
   total amount of which cannot yet be determined, before the portion which
   Kapsch TrafficCom AG is entitled to can be distributed. From today´s
   perspective, Kapsch TrafficCom AG can expect an inflow of at least
   approximately EUR 80 million.

   In the outlook for the financial year 2023/24, the management of Kapsch
   TrafficCom AG now expects a significant improvement in the operating
   result (EBIT) with revenue growth in the single-digit percentage range.

    

   Contact for further information:
   Marcus Handl
   Investor Relations Officer
   Kapsch TrafficCom AG
   Am Europlatz 2
   1120 Vienna, Austria
   Phone +43 50 811 1120
   [1][email protected]

    

   Further information: [2]www.kapsch.net/ktc                               
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   End of Inside Information

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   05-Jul-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     Kapsch TrafficCom AG
                Am Europlatz 2
                1120 Vienna
                Austria
   Phone:       +43 50811 1122
   Fax:         +43 50811 99 1122
   E-mail:      [email protected]
   Internet:    www.kapschtraffic.com
   ISIN:        AT000KAPSCH9
   WKN:         A0MUZU
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1673299


    
   End of Announcement EQS News Service


   1673299  05-Jul-2023 CET/CEST

References

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