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EQS-News: Kapsch TrafficCom – Result for the financial year 2024/25.
EQS-News: Kapsch TrafficCom AG / Key word(s): Annual Results
Kapsch TrafficCom – Result for the financial year 2024/25.
25.06.2025 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Kapsch TrafficCom – Result for the financial year 2024/25.
Highlights.
• Business development shows a slight improvement.
• Deconsolidations of several companies reduced revenues to EUR
530 million, EBIT reached EUR 13 million.
• Equity ratio increased to 20%, gearing ratio reduced to 111%.
• Lower revenues and EBIT increase expected for the 2025/26 financial
year; additional positive one-time effects possible.
"The financial year we are reporting on today is not comparable with the
previous year in terms of figures. Due to the deconsolidations of several
companies, we also have a different basis for revenues and earnings than a
year ago. Above all, however, we have become more efficient in the
execution of our projects, we have significantly more breathing room in
terms of liquidity, and we have reviewed our strategy and updated it in
line with the developments that have already taken place," says Georg
Kapsch, CEO of Kapsch TrafficCom.
Unless otherwise stated, all values in EUR
million. 2023/24 2024/25 +/-
Revenues 538.8 530.3 -1.6%
EBIT 70.3 12.6 -82.1%
EBIT margin 13.0% 2.4% -10.7pp
Result for the period attributable to equity 23.2 -6.9 –
holders
Earnings per share (EUR) 1.72 -0.48 –
Vienna, June 25, 2025 – In the financial year 2024/25, Kapsch TrafficCom
was able to consolidate its foundations for the future and recorded a
slight improvement in business development. The year was also marked by
the deconsolidations of several companies.
The effects of the deconsolidations were clearly visible in the results,
with the sale of the South African company TMT in the first quarter
reducing EBIT by EUR 7 million. In January 2025, the majority of voting
rights and control in the Belarusian company operating the successful
tolling project in Belarus were also transferred.
In the previous year, the settlement of the arbitration proceedings
regarding the terminated tolling contract in Germany was reflected in EBIT
at EUR +79 million. The earnings figures for the financial year 2024/25
are therefore only comparable to a limited extent with the previous year.
Earnings position.
Revenues declined from EUR 539 million to EUR 530 million in the reporting
period. Adjusted for the EUR 22 million loss of revenues from the South
African TMT and the Belarusian company, the previous year's figure would
have been EUR 517 million, representing a calculated increase of 3%.
From a regional perspective, revenues in the EMEA region (Europe, Middle
East, Africa) declined by 8%, particularly in connection with the
deconsolidations, while Kapsch TrafficCom also recorded a 13% decline in
the Asia-Pacific region. By contrast, revenues in the Americas region
(North, Central, and South America) increased by 7%.
Operating profit (EBIT) was significantly lower than the previous year's
figure of EUR 70 million at EUR 13 million. While several significant
one-off effects influenced the result in the previous year, the only
significant non-recurring effect in the 2024/25 financial year was the EUR
-7 million from the sale of TMT, which had a negative impact on the
result. Project-related and estimate-based valuation effects reported as
other operating income were considered inherent to operating activities.
Margins on construction projects in the US were significantly better in
the reporting period than in the previous year, confirming the improvement
in performance.
The financial result amounted to EUR -17 million, compared with EUR
-30 million in the previous year, with the improvement primarily
reflecting the decline in interest expense and the absence of one-time
costs from the restructuring of financing.
The net income attributable to shareholders for the period was EUR
-7 million, compared to EUR 23 million in the previous year, and earnings
per share amounted to EUR -0.48, compared to EUR 1.72.
Segment results for the financial year 2024/25.
The effects of the deconsolidations mentioned above are reflected in both
segments in the EMEA region (Europe, Middle East, Africa). The tolling
segment contributed 74% to total revenues, while the traffic management
segment contributed 26%.
In the tolling segment, revenues increased by 4% from EUR 378 million to
EUR 393 million despite the loss of revenues from the Belarusian company.
At EUR 12 million, EBIT was significantly below the previous year's
figure, which included the effects of the settlement in Germany.
Results tolling.
Unless otherwise stated, all values in EUR
million. 2023/24 2024/25 +/-
Revenues 378.3 393.0 +3.9%
EBIT 54.3 12.0 -77.9%
EBIT margin 14.4% 3.1% -11.3pp
In the traffic management segment, revenues declined by 15% from EUR
161 million to EUR 137 million, primarily due to the sale of TMT. At EUR
0.5 million, EBIT was significantly below the previous year's figure,
mainly due to the negative effects of the deconsolidation of TMT at EUR
-7 million and the loss of revenue and the resulting contribution to
earnings from the previous year.
Results traffic management.
Unless otherwise stated, all values in EUR
million. 2023/24 2024/25 +/-
Revenues 160.5 137.3 -14.5%
EBIT 15.9 0.5 -96.7%
EBIT margin 9.9% 0.4% -9.5pp
Financial and asset position.
Free cash flow reached EUR 21 million in the financial year 2024/25,
compared with EUR 106 million in the previous year.
The balance sheet showed a significant increase in shares in associated
companies and joint ventures on the assets side, partly in connection with
the deconsolidation of the company in Belarus, in which Kapsch TrafficCom
continues to hold an economic interest. In addition, deferred tax assets
increased against the backdrop of loss carryforwards. By contrast, trade
receivables and other current assets decreased by EUR 11 million. Cash and
cash equivalents rose from EUR 33 million as of March 31, 2024, to EUR
48 million as of the current balance sheet date. On the liabilities side,
the agreement of new long-term financing with the company's main banks in
March 2025 is particularly reflected in long-term and short-term financial
liabilities.
The increase in equity led to an increase in the equity ratio from 19% in
the previous year to 20%. Net debt was at EUR 101 million, down from EUR
106 million in the previous year, which also reduced the gearing ratio
from 127% to 111%.
Strategic progress.
Kapsch TrafficCom conducted a comprehensive strategy review in the past
financial year. This essentially confirmed the approach of continuing to
develop the core business in the areas of tolling and traffic management.
The increasing importance of urban traffic management and applications for
connected vehicles is already reflected in new projects.
Kapsch TrafficCom also further expanded its sustainability management. In
addition to expanding its range of products and solutions for sustainable
mobility, the sustainability policy also includes reducing the company's
own CO[2] footprint. The People Strategy contributes to the dynamic and
growth-oriented corporate culture required to achieve this. The
non-financial statement for the financial year 2024/25 already complies
with the requirements of the European Corporate Sustainability Reporting
Directive and has been audited for the first time.
Outlook.
Kapsch TrafficCom expects lower revenues for the 2025/26 financial year
due to the deconsolidations of several companies in the previous financial
year. EBIT should nevertheless exceed the previous year's figure, with
additional positive one-time effects possible.
Against the backdrop of the deconsolidations that have taken place,
management currently expects revenues to decline to around EUR
510 million. The high level of order intake and order backlog form a solid
basis for further growth. However, due to the long terms of the newly
acquired projects, these will only be reflected in revenues in the medium
to long term.
Based on current expectations, management anticipates EBIT to increase
compared to the previous year. Additional positive one-time effects are
possible in the financial year 2025/26. Although Kapsch TrafficCom has
already achieved significant efficiency improvements in recent years,
costs remain a focus. The medium-term goal is to reduce the net debt to
EBITDA ratio to below 1.5x.
The report on the financial year 2024/25 as well as further materials on
the results are scheduled to be available today, from 7:35 a.m. (CEST),
at: [1]www.kapsch.net/ir
Kapsch TrafficCom is a globally renowned provider of transportation
solutions for sustainable mobility with successful projects in more than
50 countries. Innovative solutions in the areas of tolling and traffic
management contribute to a healthy world without congestion.
With one-stop-shop-solutions, the company covers the entire value chain of
customers, from components to design and implementation to the operation
of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches
in more than 25 countries and is listed in the Prime Market segment of the
Vienna Stock Exchange (ticker symbol: KTCG). In its 2024/25 financial
year, more than 3,000 employees generated revenues of EUR 530 million.
Press Contact: Investor Contact:
Sandra Bijelic Marcus Handl, Teresa Hartlieb
Head of Corporate Communications Investor Relations team
Kapsch TrafficCom AG Kapsch TrafficCom AG
Am Europlatz 2 Am Europlatz 2
1120 Vienna, Austria 1120 Vienna, Austria
T +43 50 811 1720 T +43 50 811 1122
[2][email protected] [3][email protected]
Further information: [4]www.kapsch.net Follow us on LinkedIn
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25.06.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2159938
End of News EQS News Service
2159938 25.06.2025 CET/CEST
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