Brief: Init Innovation In Traffic Systems Expects 2020 EBIT At EUR 18-20 Mln

Init Innovation In Traffic Systems SE

25/03/2020 14:18

March 25 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * FOLLOWING RECORD REVENUES, INIT EXPECTS FURTHER
DOUBLE-DIGIT
GROWTH IN 2020
    * FOR 2020, REVENUES (INCLUDING PENDING ACQUISITIONS) ARE
EXPECTED
TO RISE BY AROUND 15 PER CENT TO EUR 180M
    * OUTLOOK 2020: OPERATING EARNINGS (EBIT) SHOULD REACH EUR
18-20M
(2019: EUR 16.2M)
    * DIVIDEND OF EUR 0.40 WILL BE PROPOSED TO ANNUAL GENERAL
MEETING
    * UNTIL NOW, THERE HAVE NOT BEEN ANY EFFECTS ON INIT'S
BUDGETED
REVENUES, EARNINGS AND INCOMING ORDERS FROM CORONAVIRUS CRISIS
    * OUTLOOK 2020: INCOMING ORDERS PLANNED AT EUR 180-190M
(2019: EUR
160.2M)
    * FY CONSOLIDATED NET PROFIT AT EUR 11.3 MILLION(PREVIOUS
YEAR:
EUR 2.4M)

Source text for Eikon:  ID:nEQ1hMQB1a 
Further company coverage:  IXXG.DE 

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