Brief: Init FY Consolidated Net Profit At EUR 14.9 Mln

Init Innovation In Traffic Systems SE

25/03/2021 11:01

March 25 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * DIGITALISATION SPECIALIST PRESENTS SUCCESSFUL RESULT FOR
CORONA
YEAR 2020
    * PROPOSES TO RAISE DIVIDEND TO EUR 0.55 (PREVIOUS YEAR EUR
0.40)
    * FY CONSOLIDATED NET PROFIT TO EUR 14.9M
    * OUTLOOK 2021: EBIT OF AROUND 21 PER CENT TO EUR 19.6M
(PREVIOUS
YEAR: EUR 16.2M)
    * FY EBIT MARGIN THUS ROSE FURTHER TO 10.9 PER CENT
(PREVIOUS
YEAR: 10.4 PER CENT)
    * OUTLOOK 2021: POSTPONED PROJECTS ARE, HOWEVER, EXPECTED TO
BE
RECORDED AS INCOMING ORDERS IN FIRST SIX MONTHS OF 2021

Source text for Eikon:  ID:nEQbXWjzja 
Further company coverage:  IXXG.DE 

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