Shareholders’ meeting approves the Managing Board’s report and strategy

DGAP-Information: init innovation in targeted visitors units SE / Vital phrase(s): AGM/EGM
init innovation in targeted traffic units SE: Shareholders’ meeting approves the Running Board’s report and system
18.05.2022 / 15:04
The issuer is only dependable for the content of this announcement.

init on program for progress with innovation campaign

• Revenues and earnings targets for 2022 confirmed

• Incoming orders in the first quarter of 2022 remain at a really large amount

• Ticketing as a Support (TaaS) and electromobility as new development locations

init innovation in website traffic systems SE (ISIN DE 0005759807) with its innovation campaign, has presently returned to growth in 2022 irrespective of the Ukraine and Corona crises. This was verified by the Handling Board currently at the virtual shareholders’ conference of the digitalisation professional for buses and trains. An essential development place is the eMOBILE item suite to enable and assistance the enlargement of electromobility at transportation corporations. At the identical time on the other hand, new clients are to be won with cross-offering tasks and solutions this sort of as fleet management for railway techniques (ITCS-Rail). In the current monetary year, the Controlling Board considers a turnover in the array of EUR 190 to 200m to be achievable (2021: EUR 176.7m).

The get intake attained in the very first quarter of 2022 also offers trigger for optimism. The new buy quantity of EUR 62.9m obtained in this period is just about a quarter larger than the previously very substantial determine for the earlier calendar year. The buy backlog as at 31 March 2022 stood at all-around EUR 164m (Q1 2021: EUR 138m). “It has been verified that the subjects which are developing the demand from customers for init answers, these types of as combating local weather improve, digitalisation and the conversion of community transportation to emission-free vehicles and electromobility, are continuing to obtain momentum,” emphasises the Running Board in its report.

Thriving with ticketing app in the United states of america

Dr. Gottfried Greschner, Chairperson of the Handling Board, was also equipped to point to the funds created accessible around the world for the design and servicing of an successful transportation infrastructure within just the framework of government financing programmes. In the Usa, billions of pounds are readily available for nearby public transport. North The united states steady to be a focal level in init’s progress strategy.

As the most latest example of this, Greschner cited the 1st US agreement for the “Cell Ticketing App Procedure” from its HanseCom subsidiary. It materials an account-dependent and contactless ticketing remedy for the seven-city location all around Spokane in the US condition of Washington, which includes a background procedure for revenue management, the provide of ticket terminals and an application for cellular ticketing.

These products and solutions are also aspect of the “nextGen” innovation campaign, as are the cloud- and browser-dependent organizing and dispatching modules Mobile-Perdis nextGen, MOBILEguide for recording and controlling occupancy concentrations and for passenger steering, the databases-impartial management procedure Cell-ITCS nextGen and RESPONSEassist for automated incident administration.

E-mobility: Achievement with licences for clever charging and application

A particular progress region for init is the conversion of vehicle fleets to electrical autos, which is now underway all over the world. Due to the fact mid-2021, public transport companies have experienced to fulfill a quota of at minimum 45 p.c of very low-emission or zero-emission autos when procuring new vehicles. From 2025 until finally the stop of 2030, the quota is set to raise to 65 per cent. This transformation sites totally new demands on operational planning, scheduling and command and involves, above all, optimised charging administration. For this goal, init has developed the built-in software products suite eMOBILE, which optimises all procedures from the simulation and setting up of solutions and procedures, depot and charging administration and operational command, by to vary forecasting and consumption evaluation.

Two of the biggest electrical bus fleets in Europe and a very first major purchaser in the United states depend on the the sector’s leading know-how from init with its specialised subsidiaries CarMedialab (smart charging, licences for charging columns) and Mattersoft (clound based mostly option, real-time command process, fleet command, and are living monitoring).

The development approach and the figures presented fulfilled with the overwhelming approval of the shareholders who took portion in the virtual standard meeting. The actions of the Controlling Board had been authorised with 100 per cent. The management’s proposal for the appointment of the auditor (PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart) was also approved with 99.97 %.

The resolution on the appropriation of the retained earnings was adopted with 99.98 for each cent. The init innovation in traffic programs SE shareholders will get a dividend of .55 Euro per no-par worth share entitled to dividend. In complete, close to EUR 5.5m will be dispersed.

New Supervisory Board: Andreas Thun replaces Hans Rat

There has been a alter in the normal election of the Supervisory Board. Hans Rat, the previous Secretary Standard and Honorary Secretary Standard of the Intercontinental Association of Community Transportation (UITP), did not stand for re-election to the supervisory overall body, of which he had been a member considering that 2012. Many thanks to his global contacts, he was frequently equipped to support condition cross-industry techniques to options, and assisted to form the firm’s development system. The Supervisory Board and Taking care of Board of init innovation in site visitors methods SE as a result thanked Hans Rat for his do the job and were being happy that he will continue on to assistance the enterprise with his skills, in an advisory ability.

The shareholders’ meeting appointed Dipl.-Ing. Andreas Thun, an expert entrepreneur, as his successor on the Supervisory Board. The former taking care of director and founding shareholder of iris-GmbH infrared & clever sensors GmbH, has labored with init for a long time as a organization spouse and together with the business, realised a large amount of thriving worldwide jobs for automated passenger counting. He also has an substantial network in the market for infrared sensors and, considering the fact that leaving iris in September 2020, has been involved in lengthier-phrase investigation projects in the discipline of community transport automation.

 

Get hold of:
Individual making the notification:
Simone Fritz
Investor Relations
[email protected]

18.05.2022 Dissemination of a Corporate News, transmitted by DGAP – a provider of EQS Group AG.
The issuer is entirely dependable for the content of this announcement.

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