IVU continues to grow and raises outlook
All key figures significantly improved year-on-year
Berlin, 30 August 2017 – Berlin-based specialist for public transport IVU Traffic Technologies AG significantly increased its revenues and gross profit in the first half of the year. As a result, the company has raised its outlook for the current fiscal year.
In the first half of 2017, revenues climbed by 15% to €26,153 thousand while gross profit rose by 10% to €19,239 thousand. EBIT was still slightly negative due to seasonal factors at -€592 thousand, but still increased by around €1 million as against the previous year.
The good level of orders also highlights the positive prospects for the year as a whole. This is why IVU is raising its outlook for 2017 and now expects to achieve revenues of over €64 million, gross profit of roughly €46 million and EBIT of around €4 million.
Most recently, IVU acquired Swiss consulting firm STI AG to further expand its position in the Alps region. “The figures for the first half of the year are evidence of our targeted activities in high-margin core markets,” said Martin Müller-Elschner, CEO and CFO of IVU. “IVU is a healthy and strong company that will continue to play a major role in shaping the development of public transport in the future as well.”
The full report can be downloaded from IVU’s website: https://www.ivu.com/investors/financial-reports/.
IVU Traffic Technologies AG has been working for over 40 years with more than 400 engineers to ensure punctual and reliable transport in the world’s metropolises. In growing cities, people and vehicles are constantly on the move – a logistical challenge that calls for intelligent and secure software systems. The integrated standard products of the IVU.suite work to plan, optimise and control the deployment of buses and trains, provide passengers with real-time information, create routes for parcel delivery services, and support businesses in choosing branch locations.
IVU. FACILITATING PUBLIC TRANSPORT.