Kapsch presents results for 2011/12

Kapsch TrafficCom has presented its financial results for the past fiscal year 2011/12 and outlined its plans for the next five years. During the period, which ended on March 31, revenues increased by 42% compared to the previous year. The growth reflects the progress of the two major projects in Poland and South Africa, and also the company’s successful expansion of business in the USA. The volume of delivered on-board units (OBUs) for vehicle tolling systems rose from 5.2 million units in the previous year to 11.2 million units.

During the period, Kapsch won several new projects and expanded in new markets. In July 2011, its expansion in the USA was rewarded with a 10-year contract from the E-ZPass Group, operator of the world’s largest interoperable toll collection system. In Russia, the joint venture, in which the company holds a 33% stake, won a contract to maintain and operate an intelligent transportation system (ITS), which encompasses a toll collection system, as well as traffic information and management systems. It has implemented and operates projects in Belarus and Portugal, and also reached an agreement with the French toll service provider, Axxes, in global navigation satellite system (GNSS) technology. The company has also come to a basic understanding with Asfinag Maut Service GmbH on extending the operation and maintenance contract for the nationwide electronic truck toll collection system in Austria until the end of 2018.

Despite a macroeconomic environment that remains challenging, Kapsch takes an optimistic view of its markets for fiscal year 2012/13 and beyond. The company is convinced that there are many interesting opportunities worldwide for the delivery and operation of toll collection systems and that it is well prepared for the increasing convergence of the ITS market. The company plans to grow further in its core business of electronic toll collection (ETC) and to expand, both regionally and by moving into new business fields. Expanding the business into select ITS applications beyond toll collection is viewed as preparation for the increasing convergence of the ITS market that it expects in the next five to ten years, particularly in the field of ‘connected vehicles in cooperative systems’.

10 August 2012