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Tolling system provider Kapsch TrafficCom on Tuesday lowered its outlook for the 2018/19 fiscal year (late March). The turnover and operating profit (EBIT) should be at the same level as the previous year: originally, the two key figures are expected to increase by 10% each. Delays in some projects are due to delays in some projects
For the full year 2018/19, sales and EBIT are expected to reach $ 693 million and $ 50 million, respectively. Euros the previous year, the company said in a statement. The reduction in the outlook is based on weaker results in the first quarter (April to June). The expected figures are below budget, namely – on a provisional basis – sales of about 158 million euros and an EBIT of about 7 million euros.
Due to delays in some existing projects "could be budgeted for the current fiscal year Part of the sales and profits of these projects will be carried forward to the upcoming fiscal year", ie 2019/20. However, the overall situation of Kapsch TrafficCom orders remains positive: the first quarterly figures will be published on August 23rd.
(APA)
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