DGAP-News: init innovation in traffic systems SE / Key word(s): Quarterly / Interim Statement/Quarter Results 
init innovation in traffic systems SE: Great start for the digitisation specialist in the bus and train sector 
2021-05-06 / 10:04 
The issuer is solely responsible for the content of this announcement. 
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init achieves double-digit growth of incoming orders in the first quarter 2021 
  . New orders acquired with a volume of EUR 50.4m (Q1 2020: EUR 44.0m), major contract with METRO Houston not included 
    in this figure - contract has been signed in Q2 2021 
  . Revenues and earnings stable as forecast, despite expenses for integration of DResearch Fahrzeuglektronik Group 
  . Cash flow significantly increased to EUR 11.4m (Q1 2020: EUR 6.5m) 
 
init innovation in traffic systems SE (ISIN DE 0005759807) has again reached its sustainable growth target of around 15 
per cent in terms of incoming orders in the first quarter of 2021. The digitisation specialist in the bus and train 
sector recorded new orders with a total volume of EUR 50.4m (Q1 2020: EUR 44.0m), mainly due to the successful 
completion of small and medium-sized projects. The latest major order from METRO Houston, worth around USD 30m has not 
yet been included in the order intake, but will be for the second quarter. 
"We are very satisfied with this increase of around 15 per cent in incoming orders compared to the previous year and 
continue to see sustainable improvement in our growth prospects due to digitalisation and new investment programmes for 
public transport," init's Managing Board reported. 
In the first quarter of 2021, revenues of EUR 40.5m (Q1 2020: EUR 40.3m) were generated. "Revenues were slightly above 
the previous year's figure and in line with our expectations," init's Managing Board reported. North America accounted 
for the largest share, almost 40 per cent, a market for which init's Managing Board expects above-average growth 
opportunities in the coming years, thanks to the new US government's initiatives to develop a sustainable transport 
infrastructure. 
At EUR 2.9m, earnings before interest and taxes (EBIT) remained slightly below the previous year's figure (Q1 2020: EUR 
3.4m) due to common fluctuations in the project business and expenses incurred in the integration of the DResearch 
Fahrzeugelektronik Group which was acquired in 2020, but were at a stable level. Accordingly, the consolidated net 
income as of 31 March 2021 amounted to EUR 1.8m (Q1 2020: EUR 2.2m). The quarterly earnings per share amounted to EUR 
0.19 (Q1 2020: EUR 0.22). Cash flow from operating activities at EUR 11.4m (Q1 2020: EUR 6.5m) was significantly higher 
than in the previous year. Accordingly, init's liquidity position grew to more than EUR 38m (Q1 2020: EUR 28.6m). 
"The first three months of the 2021 financial year have shown that init is well on its way to achieving the targets set 
for the year as a whole. We are therefore standing by the existing forecast with regard to revenues of around EUR 180m 
and EBIT of EUR 18m to 20m," the Managing Board reported. 
After the transition year 2021, the Managing Board continues to expect sustainable improvement in growth prospects. For 
example, digitalisation in public transport has received additional impetus due to the Corona crisis. In addition, 
there are extensive economic stimulus programmes in Germany, the EU and the USA, aimed at expanding public transport 
and, in particular, an intelligent transport infrastructure. In addition, init has brought digital innovations to 
market that can be used to open up new business areas, such as a control system for light rail and also for mainline 
trains. As early as 2022, init therefore aims to once again grow at its sustainable target rate of 15 per cent per 
year. 
The quarterly statement will be available from 11 May 2021 on the init website. 
 
Contact: 
Person making the notification: 
Simone Fritz 
Investor Relations 
ir@initse.com 
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2021-05-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      init innovation in traffic systems SE 
              Käppelestraße 4-10 
              76131 Karlsruhe 
              Germany 
Phone:        +49 (0)721 6100 0 
Fax:          +49 (0)721 6100 399 
E-mail:       ir@initse.com 
Internet:     www.initse.com 
ISIN:         DE0005759807 
WKN:          575980 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1193354 
 
End of News   DGAP News Service 
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1193354 2021-05-06


 
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May 06, 2021 04:05 ET (08:05 GMT)