euro adhoc: IVU Traffic Technologies AG / Financial Figures/Balance Sheet / IVU presents Annual Report 2006
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annual report
14.03.2007
Situation stabilised Marked increase in gross profits EBIT doubled - Group result positive Good prospects for 2007
IVU Traffic Technologies AG has further stabilised its situation. This is shown by the Annual Report 2006 which the Supervisory Board has approved today. This is the second positive annual result in series and is a confirmation of the work of the company in recent years. Sales were actually down by about 3.8% from the previous year at EUR 30.1 million. But the key point is that the gross profit, i.e. the value creation of the company, rose to EUR 24.6 million, an increase of EUR 1.4 million in comparison to 2005. This meant that EBIT could be more than doubled to EUR 2.1 million. The operating result was EUR 3.0 million, which represents an improvement of EUR 1.7 million. And IVU is also optimistic for the current year. The company reckons with a further stabilisation and a continuation of the positive trends.
The costs for the financial year 2006 remained generally stable. The other operational costs, adjusted for neutral effects, remained more or less constant. Depreciation was lower once again. The positive annual result improved the equity situation in the financial year by EUR 1.4 million. Debts could be repaid as planned. This has further stabilised the assets situation.
Personnel expenses rose in 2006, and were EUR 645 000 higher than in the previous year. This is due to the further restructuring of the company towards increased value creation and higher quality. At the Berlin and Aachen locations alone, 27 new employees were recruited in 2006, most of them highly-qualified computer scientists and software engineers. This means that the team has been further strengthened as a result, providing the basis for the growth planned for the coming years. IVU also expects to return positive results for the financial year 2007. The order situation is good, and a considerable portion of the turnover planned for 2007 has already been secured in March. Sales will be about as high as in 2006, that is above EUR 30 million. And the planned gross profit of EUR 25 million is about the same level as in the previous year. That will once again lead to a good EBIT and to a further growth in equity. And if one or another of the major projects currently in the acquisition phase comes to finalisation, then an additional increase is possible.
IVU is now in a stable situation. Growth of the company is planned, particularly in international operations.
The complete text of the Annual Report will be available from Wednesday, 14 March 2007, approx. 18.00 CET, under www.ivu.de.
end of announcement euro adhoc 14.03.2007 16:00:48
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ots Originaltext: IVU Traffic Techn. AG Im Internet recherchierbar: http://www.presseportal.de
Contact: Renate Bader Leiterin Unternehmenskommunikation Telefon: +49(0)30 859 06 800 E-Mail: rba@ivu.de
Branche: Computing & Information Technology ISIN: DE0007448508 WKN: 744850 Index: Prime All Share, Technologie All Share, CDAX Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime standard Börse Berlin-Bremen / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade
