EANS-News: Kapsch TrafficCom AG - statement regarding the decision of the European Court

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Government Contracts

Vienna - In today's judgement, the Court of Justice of the European Union found that the infrastructure use charge, in combination with the relief from motor vehicle tax in Germany, constitutes indirect discrimination on grounds of nationality and is in breach of the principles of the free movement of goods and of the freedom to provide services.

On December 30, 2018, the German Federal Ministry of Transport and Digital Infrastructure as the responsible contracting authority commissioned a consortium consisting of Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA with the collection of the German infrastructure use charge (passenger vehicle toll).

We and our partner CTS EVENTIM have been working together since the end of last year to ensure that the infrastructure charge can begin on schedule. We have already made good progress in setting up the operating company in recent months. Today's judgement of the Court of Justice of the European Union is currently being evaluated. Currently it is unclear whether the infrastructure use charge will be implemented by the Federal Republic of Germany in an amended form or not. In coordination with our customer and our project partner we are evaluating the implications of the judgment on our cooperation. The contracts contain protective provisions that guard against pecuniary damages for the operating company and its shareholders. This also applies in the event that the infrastructure charge is not introduced."

end of announcement euro adhoc

issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1120 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
ISIN: AT000KAPSCH9
indexes:
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/411/aom

Rückfragen & Kontakt:

Press contact:
Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1728
alexandra.vieh@kapsch.net

Investor contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1122
ir.kapschtraffic@kapsch.net

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0003