Brief: Init Innovation In Traffic Systems Sees 2022 EBIT At EUR 15-20 Mln
24/03/2022 11:25
March 24 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
IXXG.DE :
* PRESENTATION OF THE BALANCE SHEET AND FORECAST
* REVENUES AND EARNINGS MAINTAINED AT A HIGH LEVEL IN 2021
* RECORD INCOMING ORDERS, GROWTH OF MORE THAN 15 PER CENT
* FY EBIT ALSO REACHED CLOSE TO PROJECTED TARGET CORRIDOR OF
EUR
18M TO EUR 20M
* TARGET CORRIDOR FOR CONSOLIDATED REVENUES 2022 IS SET
BETWEEN
EUR 190M AND EUR 200M
* IN LIGHT OF FURTHER INVESTMENTS IN NEW TECHNOLOGIES,
TARGET FOR
2022 EBIT IS EXPECTED TO BE IN REGION OF BETWEEN EUR 15M TO EUR
20M.
* FY AT EUR 176.7M, REVENUES WERE 2 PER CENT BELOW PREVIOUS
YEAR'S
LEVEL (EUR 180.7M)
* AT 10 PER CENT, FY GROUP'S EBIT MARGIN WAS MAINTAINED AT
PREVIOUS YEAR'S LEVEL DESPITE THESE EFFECTS (PREVIOUS YEAR: 10.9
PER CENT)
* MANAGING BOARD PROPOSES A DIVIDEND OF 55 CENTS PER SHARE
FOR
2021 FINANCIAL YEAR
* OUTLOOK 2022: EBIT IS EXPECTED TO BE IN REGION OF BETWEEN
EUR
15M TO EUR 20M
Source text for Eikon: ID:nEQ6LhbQGa
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