Init Innovation In Traffic Systems Se · XETR:IXX
Init Innovation In Traffic Systems — Q2 2026 Earnings Presentation
14 slides from Init Innovation In Traffic Systems's earnings presentation, Aug 13, 2026
Slide 1: Financial Figures Q2 2026 – 13 August 2026
Financial Figures Q2 2026 – 13 August 2026 Dr. Marco Ferber (CFO), init SE
Slide 2: Group key facts Q2 2026
Group key facts Q2 2026 185.6 m EUR +43.9 % 5.8 m EUR order intake revenue EBIT 8.4 m EUR 47.3 % FY 2026 operating equity target cash flow ratio confirmed 2 13 August 2026
Slide 3: Group order intake
Group order intake (m EUR) FY25: 282m EUR 262.3 m EUR order intake 185.6 YTD 30 June 2026 (PY: 150.8m EUR) • Sydney was a key driver, accounting for around 60% of the 75.2 76.7 quarter’s figures 64.3 66.8 • Even without major order Sydney, continued stable demand at the same level as the previous ye
Slide 4: Group revenue development
Group revenue development (m EUR) FY25: 330m EUR +43.9% 200.9 m EUR 102.8 102.7 revenue 98.2 YTD 30 June 2026 (PY: 141.8m EUR) 85.1 71.4 • Revenue growth, as in previous quarters, driven by project activity in North America, particularly MARTA (BU Integrated Systems) • Other business areas showing s
Slide 5: Group EBIT(DA)
Group EBIT(DA) (m EUR) FY25: 49.2m EUR (EBITDA) 32.5m EUR (EBIT) 12.4 m EUR 21.8 EBIT YTD 30 June 2026 4.4 (PY: 6.5m EUR) 12.8 • EBIT year-on-year increased due 11.3 10.4 to growth, but margin slightly 8.6 4.2 weaker than in Q2 2025 as a result 17.4 4.6 4.6 Depr. of product mix and lower FX gains 4.
Slide 6: Segment performance
Segment performance (m EUR) Business Units Q2 2026 Q2 2025 Delta INIT Integrated Systems 76.1 46.9 +62.1% BU INIT Cloud Solutions 10.2 9.4 +8.6% • INIT Integrated Solutions: uptake in Revenue revenue driven by MARTA, but with INIT Passenger Intelligence 21.0 18.8 +11.3% slightly weaker margin than Q
Slide 7: Group operating cash flow
Group operating cash flow (m EUR) FY25: 48.8m EUR 11.8 m EUR 15.5 OCF YTD 30 June 2026 (PY: 25.1m EUR) 9.6 • OCF for the quarter was broadly 8.2 8.4 in line with the previous year, with a significant increase in receivables and payables as a 3.4 result of the MARTA project • CAPEX at significantly r
Slide 8: Group balance sheet
Group balance sheet (m EUR) Assets Liabilities and Equity 395 395 80 311 311 311 311 187 cash & equivalents 28 25 124 (47%) (47%) equity 141 147 (40%) non-current assets 137 144 (45%) 63 non-current liabilities 66 68 current assets 146 142 168 145 current liabilities 121 102 30 June 2025 31 Dec 2025
Slide 9: Successful capital increase 2026
Successful capital increase 2026 Capital increase against cash contributions by way of an accelerated bookbuilding process Creation of 1,000,000 new shares excluding shareholders’ subscription rights (approx. 10%) Current share capital: 11,040,000 no-par bearer shares Gross proceeds from the offerin
Slide 10: Targets FY 2026 Group forecast
Targets FY 2026 Group forecast Solid order backlog 32-38 EURm and sustained strong demand Operating cash flow 2026e Major projects in full swing Group restructuring is well underway; margin improved in the first half of the year 38-42 EURm Segment forecast - Business Units Group EBIT 2026e Revenue E
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
Slide 12: Consolidated income (IFRS)
Consolidated income (IFRS) 01/04 to 01/04 to 01/01 to 01/01 to 30/06/2026 30/06/2025 30/06/2026 30/06/2025 EUR k Revenues 102,701 71,358 200,919 141,765 Cost of sales1.) -72,303 -45,887 -139,608 -92,765 Gross profit 30,398 25,471 61,311 49,000 Sales and marketing expenses1.) -8,578 -8,868 -17,467 -1
Slide 13: Consolidated balance sheet (IFRS)
Consolidated balance sheet (IFRS) EUR k 30/06/2026 30/06/2025 31/12/2025 EUR k 30/06/2026 30/06/2025 31/12/2025 Cash and cash equivalents 80,207 28,211 25,451 Bank loans 48,820 44,661 32,523 Marketable securities and bonds 25 27 27 Trade accounts payable 41,603 9,134 21,276 Trade accounts receivable
Slide 14: Consolidated statement of cash flows (IFRS)
Consolidated statement of cash flows (IFRS) EUR k 01/01 to 30/06/2026 01/01 to 30/06/2025 Cash flow from operating activities Net income 5,642 3,671 Income taxes -5,145 -1,536 Net interest -1,632 -1,298 Earnings before interest and taxes (EBIT) 12,419 6,505 Amortisation and depreciation 9,218 8,120
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