Increase in revenue, decline in EBIT
IVU will achieve the targets set for 2016 as a whole, with revenue expected to significantly exceed the planned € 55 million while gross profit is expected to amount to € 42 million as planned. However, the net profit for the year is negatively impacted by non-recurring effects due in particular to write-downs on foreign projects, primarily in Israel. For this reason, we currently anticipate a significant year-on-year decline in EBIT to around € 1 million (2015: € 4.9 million).
Demand for the standard products from the IVU.suite remains strong, resulting in a continued good order level. The increased focus on reliable, high-margin foreign markets has already been initiated. We therefore expect to see a return to the good profit margins of the previous years in financial year 2017 already.
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany