Init Innovation In Traffic Systems Se · XETR:IXX
Init Innovation In Traffic Systems — Q1 2026 Earnings Presentation
11 slides from Init Innovation In Traffic Systems's earnings presentation, May 13, 2026
Slide 1: Financial Figures Q1 2026 – 13 May 2026
Financial Figures Q1 2026 – 13 May 2026 Dr. Marco Ferber (CFO), init SE
Slide 2: Group key facts Q1 2026
Group key facts Q1 2026 76.7 m EUR +39.5 % 6.7 m EUR order intake revenue EBIT 3.4 m EUR 4.1 m EUR FY 2026 operating consolidated net target cash flow profit confirmed 2 13 May 2026
Slide 3: Group order intake
Group order intake (m EUR) FY25: 282m EUR 76.7 m EUR order intake YTD 31 Mar 2026 75.7 75.2 76.7 (PY: 75,7m EUR) 64.3 66.8 • Strong order entry in North America from ongoing construction activities for MARTA compensating for slightly slower start in INIT Cloud Solutions given minor delays in project
Slide 4: Innovative ticketing system for Sydney region: Opal+
Innovative ticketing system for Sydney region: Opal+ Transport for New South Wales (TfNSW), Sydney/Australia • Estimated contract volume: approx. AUD 615 million • Region covers a span of 320km north to south, 160km east-west, serving 8 million inhabitants conducting 600 million trips per year • Dev
Slide 5: Group revenue development
Group revenue development (m EUR) FY25: 330m EUR 98.2 m EUR +39.5% revenue 102.7 98.2 YTD 31 Mar 2026 (PY: 70.4m EUR) 85.1 70.4 71.4 • Strongest ever Q1 in history • Very strong increase in revenue on the back of project activities in North America, esp. MARTA, despite significant appreciation of EU
Slide 6: Group EBIT(DA)
Group EBIT(DA) (m EUR) FY25: 49.2m EUR (EBITDA) 32.5m EUR (EBIT) 6.7 m EUR 21.8 EBIT YTD 31 Mar 2026 4.4 (PY: 2.0m EUR) 12.8 • Very solid EBIT performance 11.3 despite weaker gross margin 8.6 4.2 from MARTA construction 17.4 4.6 Depr. 6.0 works following economies of 4.1 8.7 scale on structural cost
Slide 7: Segment performance (m EUR)
Segment performance (m EUR) Business Units INIT Integrated Systems Q1 2026 Q1 2025 72.95 Delta 46.63 +56.4% BU • Integrated Solutions: Massive INIT Cloud Solutions 9.18 7.29 +25.9% revenue increase from MARTA Revenue project with strong bottom-line INIT Passenger Intelligence 21.17 19.47 +8.7% impac
Slide 8: Group operating cash flow
Group operating cash flow (m EUR) FY25: 48.8m EUR 3.4 m EUR 15.5 15.5 OCF YTD 31 Mar 2026 (PY: 15.5m EUR) 9.6 • Operating cash flow well in line 8.2 with expectations and below prior year figure due to MARTA pre-payments in Q1 2025 3.4 • Net capex reduced due to completion of nextGen investment proj
Slide 9: Group balance sheet
Group balance sheet (m EUR) Assets Liabilities and Equity 320 330 320 330 311 311 cash & equivalents 26 33 25 133 146 equity 141 (42%) (44%) non-current assets 136 144 142 (45%) (47%) non-current liabilities 69 65 68 current assets 158 142 155 current liabilities 118 102 119 31 Mar 2025 31 Dec 2025
Slide 10: Targets FY 2026 Group forecast
Targets FY 2026 Group forecast Solid order backlog 32-38 EURm and sustained strong demand Group cash flow 2026e Major projects in full swing Group restructuring initiated – productivity measures implemented 38-42 EURm Segment forecast - Business Units Group EBIT 2026e Revenue EBIT EURm 2026e 2026e I
Slide 11: Financial Calendar 2026
Financial Calendar 2026 19 March 2026 Annual Report 2025 Dr. Marco Ferber 13 May 2026 CFO Quarterly Statement Q1/2026 21 May 2026 Shareholders’ Meeting 2026 13 August 2026 Half-Year Financial Report 2026 12 November 2026 Quarterly Statement Q3/2026 IR contact init innovation in traffic systems SE Kä
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