init started the new financial year with growth in revenue and profits
init AG has started the 2012 financial year with growth in revenue and profits. According to the preliminary figures now available, the global system house for telematics, planning and electronic payment systems generated income of EUR 19.6m in the first quarter.
This corresponds to growth of over 40 per cent compared to the previous year (EUR 14.0m) and therefore clearly exceeds planning.
Earnings before interest and taxes (EBIT) also increased to EUR 2.8m (previous year: EUR 2.6m).
For further information please refer to our ad hoc release.
[published on May 02, 2012]