Brief: Init Innovation Q1 EBIT At EUR 3.4 Mln

Init Innovation In Traffic Systems SE

06/05/2020 12:26

May 6 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * GROWS ACCORDING TO PLAN DESPITE THE CORONAVIRUS CRISIS
    * Q1 INCOMING ORDERS ON TARGET AT EUR 44M
    * Q1 REVENUES INCREASED BY AROUND 14 PERCENT TO EUR 40.3M
(Q1
2019: EUR 35.3M)
    * BOTH Q1 OPERATING PROFIT (EBIT) AND CONSOLIDATED NET
PROFIT
TRIPLED AT SAME TIME
    * Q1 GROSS PROFIT INCREASED TO EUR 14.3M (Q1 2019: EUR
10.6M)
    * Q1 EARNINGS BEFORE INTEREST AND TAXES (EBIT) MORE THAN
TRIPLED
TO EUR 3.4M (Q1 2019: EUR 1.1M)
    * ALTHOUGH CANNOT EXCLUDE EFFECTS OF CORONAVIRUS CRISIS OVER
YEAR,
CURRENTLY BELIEVES GROUP IS ON WAY TO ACHIEVING FY TARGETS
    * COVID-19 HAD NO, OR ONLY A LIMITED, DIRECT IMPACT ON
REVENUES
AND EARNINGS PLANNING FOR 2020

Source text for Eikon:  ID:nEQ9qLywsa 
Further company coverage:  IXXG.DE 

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