Success story at init continues
EBIT up by around 28 per cent to EUR 15.1m, profit for first time above EUR 10m.
init is in a good position to continue growing. Orders on hand at the Karlsruhe-based specialist for telematic and electronic fare collection systems currently amount to around EUR 150m, as init founder and Chairman of the Managing Board, Dr Gottfried Greschner, announced at today’s press conference on the company’s financial statements in Frankfurt. “We expect further decisions on major projects within the first half of this year, so that sales and earnings at init should grow moderately in 2011 and particularly spur growth in 2012,” Dr Greschner said.
For further information please refer to our press release.
[published on Mar 30, 2011]