Brief: Init Innovation In Traffic Systems Q1 EBIT Up At EUR 1.1 Mln

Init Innovation In Traffic Systems SE

08/05/2019 06:03

May 8 (Reuters) - init innovation in traffic systems SE  IXXG.DE :
    * DGAP-NEWS: INIT INNOVATION IN TRAFFIC SYSTEMS SE: INIT STARTS FINANCIAL YEAR 2019 WITH
RECORD
ORDERS
    * Q1 ORDER BACKLOG GROWS TO EUR 178M (Q1 2018: EUR 111M)
    * Q1 INCOMING ORDERS AT RECORD LEVEL OF EUR 69.2M ACHIEVED IN Q1 (Q1 2018: EUR 28.5M)
    * Q1 REVENUES RISE BY AROUND 20 PER CENT TO EUR 35.3M
    * Q1 EBIT INCREASE TO EUR 1.1M (Q1 2018: EUR 0.4M)
    * Q1 NET PROFIT RISES TO EUR 0.7M (Q1 2018: EUR 0.2M)
    * CONTINUES TO EXPECT TO ACHIEVE OUR TARGET OF EUR 150M TO 160M FOR INCOMING ORDERS IN 2019
    * OUTLOOK 2019: REVENUES OF AROUND EUR 145M AND EBIT OF ABOUT EUR 7.5M

Source text for Eikon:  ID:nEQ6lZscNa 
Further company coverage:  IXXG.DE 

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