EQS-News: Kapsch TrafficCom AG / Key word(s): Quarterly / Interim
Statement
Kapsch TrafficCom – Result for the first quarter of 2025/26.
20.08.2025 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Kapsch TrafficCom – Result for the first quarter of 2025/26.
Highlights.
• Revenues down 28% year-on-year to EUR 100 million, mainly due to the
removal of two major operation projects and revenue deferrals.
• Settlement agreement with the Federal Republic of Germany, positive
effects on liquidity and net debt included in Q2 only.
• EBIT increases to EUR 22 million, reflecting earnings from Germany and
efficient cost management.
• Major progress made on projects and new projects secured.
• Outlook for the full year 2025/26: decline in revenues, but increase
in EBIT.
Unless otherwise stated, all values in
EUR million. Q1 2024/25 Q1 2025/26 +/-
Revenues 138.9 100.4 -27.7%
EBIT -3.4 21.7 –
EBIT margin -2.4% 21.6% –
Result for the period attributable to -9.9 10.3 –
equity holders
Earnings per share (EUR) -0.69 0.72 –
Vienna, August 20, 2025 – Kapsch TrafficCom recorded a significant decline
in revenues in the first quarter of the financial year 2025/26 compared to
the same quarter of the previous year. The associated decline in earnings
was limited by efficient cost management, and the balance sheet shows a
strengthened foundation. In addition, the company successfully brought
several implementation projects into operation and secured new projects.
However, the reporting quarter was particularly impacted by the settlement
of the second arbitration proceedings in connection with the passenger
vehicle toll in Germany.
At the end of June, a settlement agreement was reached with the Federal
Republic of Germany in connection with the termination of the contract for
the automatic control of an infrastructure charge (“passenger vehicle
toll”) in 2019. The agreed payment of around EUR 27 million to the
subsidiary MTS Maut & Telematik Services GmbH was made in July after the
end of the reporting quarter. The cash inflow is therefore not yet
included in the figures presented, but the effect on earnings is already
apparent.
Earnings position.
The revenue and earnings performance of the Kapsch TrafficCom Group was
influenced by two changes relating to major projects compared with the
previous financial year: In January 2025, Kapsch TrafficCom relinquished
its majority stake and control of its Belarusian subsidiary, which
operates the tolling system in Belarus. The system remains in operation,
but Kapsch TrafficCom no longer consolidates the revenues. In addition,
the tolling project in the South African province of Gauteng ended in
March 2025. Both projects and companies made significant contributions to
revenues and earnings in the previous year.
In the first quarter of 2025/26, revenues amounted to EUR 100 million,
down 28% compared to the previous year’s figure of EUR 139 million. This
decline of EUR 39 million reflects roughly half the loss of revenues from
the two major projects mentioned above and half fluctuations inherent in
the nature of the project business.
The operating result (EBIT) reached EUR 22 million, compared with EUR -3
million in the same quarter of the previous year. While deconsolidation
effects of EUR -7 million weighed on EBIT in the previous year, the result
in the first quarter of 2025/26 was influenced by the following factors:
• The income from Germany is included in the other operating income in
the amount of EUR 23 million.
• The result from associated companies and joint ventures includes,
among other things, the share of earnings of the deconsolidated
Belarusian company.
• Expenses declined significantly. This is related to the lower revenues
and the deconsolidation of companies as well as the resulting cost
savings, but also to the consistent cost management. It confirms that
Kapsch TrafficCom is able to control its cost level well and implement
projects more efficiently than in the past.
The financial result declined from EUR -3 million to EUR -9 million due to
negative foreign currency effects, particularly from the US dollar. The
net income attributable to equity holders turned positive, from EUR -10
million in the first quarter of the previous year to EUR 10 million.
Earnings per share amounted to EUR 0.72 (previous year: EUR -0.69).
Segment performance.
Both the removal of projects and the income from Germany affected the
tolling segment in the EMEA region (Europe, Middle East, Africa). Against
this backdrop, the tolling segment contributed 73% to total revenues,
while the traffic management segment contributed 27%. Revenues in the
tolling segment declined by 29% from EUR 103 million to EUR 74 million,
while EBIT reflected the positive factors and rose significantly from EUR
3 million to EUR 20 million. Revenues in the traffic management segment
also declined, namely by 25% from EUR 36 million in the previous year to
EUR 27 million. In the previous year, deconsolidation effects had a
negative impact on EBIT, which was after EUR -7 million positive at EUR 1
million in the quarter under review.
From a regional perspective, Kapsch TrafficCom recorded declines in
revenues in all business regions: in the EMEA region by 34%, in the
Americas region (North, Central, and South America) by 21%, and in the
APAC region (Asia-Pacific) by 28%.
Financial and asset position.
Cash flow from operating activities amounted to EUR -21 million, compared
with EUR 4 million in the same quarter of the previous year. The main
factors influencing this were the current progress of projects and the
change in net working capital, in particular the reduction in trade
payables. Free cash flow amounted to EUR -18 million, compared with EUR 1
million in the previous year.
The balance sheet developed positively in all respects: on the assets
side, in addition to project developments, the claim against the Federal
Republic of Germany is also shown, while on the liabilities side, current
liabilities were significantly reduced.
Total assets decreased from EUR 454 million as of March 31, 2025, to EUR
435 million. As equity rose at the same time, the equity ratio increased
from 20% to 24%. Net debt increased from EUR 101 million to EUR 126
million due to the reduction in liabilities and the resulting decline in
liquidity, causing the debt ratio to rise from 111% to 120%. The cash
inflow from Germany did not occur until July and will have a positive
impact on liquidity and net debt in the second quarter.
Further developments.
At the end of June, Kapsch TrafficCom published its sustainability
statement, which already fully complies with the European reporting
standards that will apply in the future and has been audited by an
external auditor. It contains detailed information on strategies,
measures, targets, and key figures used to manage these issues in a
focused manner.
The company also achieved significant milestones in its project work: A
nationwide traffic signal project in Sweden, a tunnel management system in
Brazil, a tunnel system and a Connected Vehicles (CV) project in the US,
the first phase of a major highway project with Cooperative Intelligent
Transport Systems (C-ITS) in Germany, the new Swiss truck tolling system,
and a tolling system in Norway were all successfully put into operation.
Kapsch TrafficCom won significant new projects in Sharjah in the Middle
East (tunnel management) and in the US state of New York (operation of two
traffic management centers), among others.
Outlook.
For the 2025/26 financial year, Kapsch TrafficCom expects lower revenues
than in the previous year due to deconsolidations of several companies in
the past financial year. However, EBIT will remain above the previous
year’s level.
From today’s perspective, management continues to expect a decline in
revenues to approximately EUR 510 million. The operating result (EBIT) is
expected to be in the range of around EUR 45 million, taking into account
the cash inflow from the arbitration proceedings with the Federal Republic
of Germany, with additional positive one-time effects possible in the
course of the financial year.
The report on the first quarter of 2025/26 as well as further materials on
the result are scheduled to be available today, from 7:35 a.m. (CET), at:
(1)www.kapsch.net/ir
Kapsch TrafficCom is a globally renowned provider of transportation
solutions for sustainable mobility with successful projects in more than
50 countries. Innovative solutions in the areas of tolling and traffic
management contribute to a healthier world without congestion.
With one-stop-shop-solutions, the company covers the entire value chain of
customers, from components to design and implementation to the operation
of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches
in more than 25 countries and is listed in the Prime Market segment of the
Vienna Stock Exchange (ticker symbol: KTCG). In its 2024/25 financial
year, more than 3,000 employees generated revenues of EUR 530 million.
Press Contact: Investor Contact:
Sandra Bijelic Marcus Handl, Teresa Hartlieb
Head of Corporate Communications Investor Relations Team
Kapsch TrafficCom AG Kapsch TrafficCom AG
Am Europlatz 2 Am Europlatz 2
1120 Vienna, Austria 1120 Vienna, Austria
T +43 50 811 1720 T +43 50 811 1122
(2)sandra.bijelic@kapsch.net (3)IR.kapschtraffic@kapsch.net
Further information: (4)www.kapsch.net Follow us on LinkedIn
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20.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2185764
End of News EQS News Service
2185764 20.08.2025 CET/CEST
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