- 14.03.2007, 16:36:04
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euro adhoc: IVU Traffic Technologies AG / Financial Figures/Balance Sheet / IVU presents Annual Report 2006 (E)
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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14.03.2007
Situation stabilised
Marked increase in gross profits
EBIT doubled - Group result positive
Good prospects for 2007
IVU Traffic Technologies AG has further stabilised its situation. This is shown
by the Annual Report 2006 which the Supervisory Board has approved today. This
is the second positive annual result in series and is a confirmation of the work
of the company in recent years. Sales were actually down by about 3.8% from the
previous year at EUR 30.1 million. But the key point is that the gross profit,
i.e. the value creation of the company, rose to EUR 24.6 million, an increase of
EUR 1.4 million in comparison to 2005. This meant that EBIT could be more than
doubled to EUR 2.1 million. The operating result was EUR 3.0 million, which
represents an improvement of EUR 1.7 million. And IVU is also optimistic for the
current year. The company reckons with a further stabilisation and a
continuation of the positive trends.
The costs for the financial year 2006 remained generally stable. The other
operational costs, adjusted for neutral effects, remained more or less constant.
Depreciation was lower once again. The positive annual result improved the
equity situation in the financial year by EUR 1.4 million. Debts could be repaid
as planned. This has further stabilised the assets situation.
Personnel expenses rose in 2006, and were EUR 645 000 higher than in the
previous year. This is due to the further restructuring of the company towards
increased value creation and higher quality. At the Berlin and Aachen locations
alone, 27 new employees were recruited in 2006, most of them highly-qualified
computer scientists and software engineers. This means that the team has been
further strengthened as a result, providing the basis for the growth planned for
the coming years.
IVU also expects to return positive results for the financial year 2007. The
order situation is good, and a considerable portion of the turnover planned for
2007 has already been secured in March. Sales will be about as high as in 2006,
that is above EUR 30 million. And the planned gross profit of EUR 25 million is
about the same level as in the previous year. That will once again lead to a
good EBIT and to a further growth in equity. And if one or another of the major
projects currently in the acquisition phase comes to finalisation, then an
additional increase is possible.
IVU is now in a stable situation. Growth of the company is planned, particularly
in international operations.
The complete text of the Annual Report will be available from Wednesday, 14
March 2007, approx. 18.00 CET, under www.ivu.de.
Further inquiry note:
Renate Bader
Leiterin Unternehmenskommunikation
Telefon: +49(0)30 859 06 800
E-Mail: [email protected]
end of announcement euro adhoc 14.03.2007 16:00:48
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emitter: IVU Traffic Technologies AG
Bundesallee 88
D-12161 Berlin
phone: +49(0)30-85906-0
FAX: +49(0)30-85906-111
mail: [email protected]
WWW: http://www.ivu.de
ISIN: DE0007448508
indexes: Prime All Share, Technologie All Share, CDAX
stockmarkets: regulated dealing/prime standard: Frankfurter Wertpapierbörse,
free trade: Börse Berlin-Bremen, Baden-Württembergische
Wertpapierbörse, Börse Düsseldorf, Niedersächsische Börse zu
Hannover, Bayerische Börse
sector: Computing & Information Technology
language: English
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