Kapsch TrafficCom AG Reports Strong Financial Results for 2023/24

Kapsch TrafficCom AG released its financial results for the year 2023/24, showcasing significant improvements. The company reported a substantial increase in EBIT to EUR 70 million. A key highlight was a settlement agreement in Germany that improved the financial position.

Revenues, however, showed a slight decline to EUR 538.8 million, primarily due to a customer credit note. Despite this, the order intake increased by 53%, and the order backlog grew by 15%.

In the tolling segment, revenues decreased by 6%, but EBIT surged to EUR 54 million. The traffic management segment saw revenues rise by 7%, with EBIT increasing to EUR 16 million.

Free cash flow reached EUR 106 million, driven by the settlement in Germany and asset sales. The equity ratio improved to 19%, and net debt reduced to EUR 106 million.

The outlook for 2024/25 is positive, with expected revenue growth above the market average and slight EBIT improvement. The focus remains on cost management and debt reduction.