Brief: Init Innovation In Traffic Systems H1 EBIT At EUR 6.2 Mln

Init Innovation In Traffic Systems SE

05/08/2020 10:45

Aug 5 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * CONFIRMS GROWTH TARGETS FOR 2020
    * H1 EBIT 6.2 MILLION EUR
    * H1 REVENUE 81.4 MILLION EUR
    * REVENUES IN INIT GROUP WITHIN FIRST SIX MONTHS OF 2020
THUS ROSE
TO EUR 81.4M. THIS IS AN INCREASE OF 6 PERCENT COMPARED TO
PREVIOUS YEAR (EUR 77.1M)
    * IN FIRST HALF OF 2020, VOLUME OF INCOMING ORDERS TOTALLED
AROUND
EUR 88M (30 JUNE 2019: AROUND EUR 114M).
    * CONTINUES TO PLAN IN ITS ROAD MAP SUSTAINED REVENUE GROWTH
AVERAGING 15 PERCENT ANNUALLY
    * CONTINUES TO EXPECT TO ACHIEVE ITS TARGET OF EUR 180M TO
190M IN
INCOMING ORDERS FOR 2020.

Source text for Eikon:  ID:nEQ6F4Mwba 
Further company coverage:  IXXG.DE 

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