Brief: init raises FY 2016 forecats
22/07/2016 06:48
July 22(Reuters) - init innovation in traffic systems AG
IXXG.DE :
* Said on Thursday AGM passed resolutions to change the
company's legal form from AG to SE and to pay dividends of 0.20
euros per share
* Said forecast for 2016 is raised, growth expectations for
2017 are confirmed
* Said authorisation is granted to issue warrant bonds and
convertible bonds
* Board proposed the authorisation - which shall be valid
until July 20, 2021 - to issue warrant bonds and convertible
bonds to a total nominal value of up to 100 million euros
($110.26 million) as well as the creation of the associated
conditional capital of up to 5 million euros
* Chairman of Managing Board confirmed that company is
expecting incoming orders worth 110 million euros in the current
financial year
* Said is now expecting at a group level to generate
revenues of 106 million euros (previous forecast: 100 million
euros) and operating profit before interest and taxes (EBIT) of
more than 12 million euros (previous forecast: 8 million euros)
in the financial year 2016
Source text for Eikon: urn:newsml:reuters.com:*:nEQ4tknXl
Further company coverage: IXXG.DE
($1 = 0.9069 euros)
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