Init Innovation In Traffic Systems Se · XETR:IXX
Init Innovation In Traffic Systems — Q3 2024 Earnings Presentation
10 slides from Init Innovation In Traffic Systems's earnings presentation, Nov 13, 2024
Slide 1: Increase efficiency. Ensure success. Q3 2024 earnings
13 November 2024 – Q3 2024 earnings Increase efficiency. Ensure success. Dr. Marco Ferber, CFO
Slide 2: DILAX: newest addition to the init group
DILAX: newest addition to the init group Acquisition of DILAX Intelcom GmbH as of 6 September 2024 Key facts DILAX Strategic rationale • Headquartered in Berlin, with subsidiaries • Complementary sales and customer in Switzerland, France, Spain, the UK, the structure with the Group USA and Canada an
Slide 3: Key facts Q3 2024
Key facts Q3 2024 57.3 m EUR +19 % 5.0 m EUR order intake revenue EBIT 8.1 m EUR DILAX Outlook operating acquisition confirmed cash flow executed 3 13 November 2024
Slide 4: Order intake
Order intake (m EUR) FY/23: 225m EUR 362 m EUR 256.1 order intake YTD 30 Sep 2024 (PY: 149m EUR) • Q3 with strong order intake based on several 76.3 new customer additions 48.9 57.3 in Europe 38.3 • Demand for optical components on level with Q3/2023 Q4/23 Q1/24 Q2/24 Q3/24 prior year Order 166 175
Slide 5: Revenue development
Revenue development (m EUR) FY/23: 211m EUR 178 m EUR 67.8 revenue 64.0 63.6 YTD 30 Sep 2024 53.4 50.5 (PY: 143.0m EUR) • Q3 24 revenue on par with Q2 24 – well in line with expectation • Increase over PY mainly fuelled by project delivery in NA and Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Germany Thereof Germ
Slide 6: EBIT(DA)
EBIT(DA) (m EUR) FY/23: 32.3m EUR (EBITDA) 21.0m EUR (EBIT) 11.7 m EUR 16.7 EBIT YTD 30 Sep 2024 2.8 (PY: 7.1m EUR) • Q3 EBIT slightly down vs. PY 8.4 8.4 mainly due to acquisition of 6.7 6.3 DILAX 2.9 13.9 3.4 Depr. 3.0 3.3 • Margin negatively affected EBIT 5.5 5.0 8,0% by business mix and cost 3.7
Slide 7: Balance sheet
Balance sheet (m EUR) Assets Liabilities and Equity 310 310 260 38 260 259 259 122 cash & equivalents 32 27 (39%) 133 115 121 (47%) equity 113 (44%) (46%) non-current assets 110 74 non-current liabilities 65 62 current assets 117 121 139 114 current liabilities 79 78 30 Sep 2023 31 Dec 2023 30 Sep 2
Slide 8: Operating cash flow
Operating cash flow (m EUR) 11.9 8.0 m EUR 7.5 8.1 OCF YTD 30 Sep 2024 (PY: -4.0m EUR) 2.9 • Q3 with solid operating cash performance • Continued high CAPEX spend given development of next gen cloud product portfolio -7.6 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Net capex -2.1 -5.9 -2.6 -4.8 -4.9 8 13 November
Slide 9: Outlook FY 2024
Outlook FY 2024 Revenue growth YTD at 25% supporting FY outlook 24-28m EUR EBIT 2024e Solid EBIT performance YTD DILAX acquisitions Effects from with minimal impact in FY 240-260m EUR 2024 Revenue 2024e Annual guidance fully 392m EUR Order backlog confirmed 30 Sep 2024 9 13 November 2024
Slide 10: Financial Calendar 2024/2025
Financial Calendar 2024/2025 13 November 2024 Quarterly Statement Q3/2024 25-26 November 2024 one-on-one meetings Equity Forum 26 November 2024 – 10:05 am Presentation Equity Forum/Frankfurt room New York 20 March 2025 Annual Report 2024 Disclaimer Decimal places, especially for percentages, may be
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