EQS-News: Kapsch TrafficCom AG: Sale of non-core strategic assets.

EQS-News: Kapsch TrafficCom AG / Key word(s): Disposal
Kapsch TrafficCom AG: Sale of non-core strategic assets.

02.05.2024 / 10:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

═════════════════════════════════════════════════════════════════════════════════════════

Sale of non-core strategic assets.

Vienna, May 2, 2024 – Kapsch TrafficCom AG has sold assets that are not part of its
strategic core business, generating total proceeds of close to EUR 11 million with full
realization of variable purchase price components.

Kapsch TrafficCom held 42.4% of the shares in Traffic Technology Services, Inc. (TTS),
USA, a provider of technologies for intelligent transportation solutions. The entire
stake was sold before the balance sheet date of March 31, 2024, which will have a
positive effect of EUR 4.4 million on the financial result for the financial year
2023/24.

In addition, Kapsch TrafficCom indirectly held via its subsidiary KTC-ZA Holding
Proprietary Limited, South Africa, 82.9% of the shares in TMT Services and Supplies
Proprietary Limited (TMT), South Africa, a provider of road safety law enforcement and
automatic fare collection solutions for public transportation. All of the shares in TMT
were sold after the balance sheet date of March 31, 2024, thus, the financial result for
the past financial year 2023/24 is not affected.

“These sales are part of the measures that, as stated in the half-year report 2023/24,
should lead to cash inflows of at least EUR 30 million to further reduce our gearing
ratio and are a result of the review of our Strategy 2027. In this review, we came to the
conclusion that both assets are not part of the strategic core business. We would like to
thank the employees of both companies and wish them every success for the future,”
commented Georg Kapsch, CEO of Kapsch TrafficCom AG.

The effects on the key financial figures relating to TTS will be included in the report
on the 2023/24 financial year, which will be published on June 19, 2024; the effects
relating to TMT will be reported in the quarterly highlights for the first quarter of the
2024/25 financial year, which will be published on August 21, 2024.

 

Kapsch TrafficCom is a globally renowned provider of transportation solutions for
sustainable mobility with successful projects in more than 50 countries. Innovative
solutions in the application fields of tolling, tolling services, traffic management and
demand management contribute to a healthy world without congestion.

With one-stop-shop-solutions, the company covers the entire value chain of customers,
from components to design and implementation to the operation of systems.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25
countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker
symbol: KTCG). In its 2022/23 financial year, about 4,000 employees generated revenues of
EUR 553 million.

 

Press contacts:   Investor contact:
  Sandra Bijelic  
Carolin Treichl Head of Corporate Marcus Handl, Valerie Riegler
Executive Vice President Communications Investor Relations team
Marketing & Communications Kapsch TrafficCom AG Kapsch TrafficCom AG
Kapsch Aktiengesellschaft Am Europlatz 2 Am Europlatz 2
Am Europlatz 2 1120 Vienna, Austria 1120 Vienna, Austria
1120 Vienna, Austria T +43 50 811 1720 T +43 50 811 1122
T +43 50 811 1710 [2]sandra.bijelic@kapsch.net [3]ir.kapschtraffic@kapsch.net
[1]carolin.treichl@kapsch.net  

Further information: [4] www.kapsch.net/ktc  Follow us on Twitter and LinkedIn

═════════════════════════════════════════════════════════════════════════════════════════

02.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

═════════════════════════════════════════════════════════════════════════════════════════

Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1894303

 
End of News EQS News Service

1894303  02.05.2024 CET/CEST

References

Visible links
1. carolin.treichl@kapsch.net
2. sandra.bijelic@kapsch.net
3. ir.kapschtraffic@kapsch.net
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=25fd54bf6c0802ed7fac49ea41fcacb1&application_id=1894303&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender