The company achieved an operating profit (EBIT) of €70.3m, up from €5.2m the previous year, driven by a settlement agreement in Germany resulting in a cash inflow of €109m.

Georg Kapsch, CEO of Kapsch TrafficCom, said: “Our highly motivated team has paved the way for the future of our company through successes in the market and in technology.”

Financial Highlights

• Revenues: €538.8m, slightly down from €553.4m
• Net result: €23.2m, reversing a loss of €24.8m
• Order intake: €734m, a 53% increase
• Order backlog: €1.4bn, up 15%

Key project advancements include extending the tolling system operation in Gauteng, South Africa, and securing new contracts in tolling services and connected vehicle technology. The company also undertook a financing restructuring and capital increase, improving its financial position.

Free cash flow rose to €106m from €3m the previous year, with net debt decreasing to €106m from €186m. Kapsch TrafficCom said it expects revenue growth and further EBIT improvements for 2024/25, with a continued focus on sustainability and innovation in transportation solutions.