IVU Publishes 2005 Annual Report (PR)

Revenues have risen 17%, EBIT and group result positive, Good result forecast for 2006

Personnel expenditures declined another €2.5 million to €15.2 million in 2005, which was a further 14% decrease over the previous year. IVU nevertheless has boosted the quality of its team. These figures are the result of substantial cutbacks in the workforce: 51 departures, 38 of which were due to operational termination, were offset by 29 new hires; the share of computer scientists has risen from 8 % in 2002 to 27% today. This has strengthened the team and made it especially efficient in development and project implementation.

In addition to personnel costs, the 2005 fiscal year also saw a further €0.6 million reduction in other operating expenses, i.e. the company's costs for property and equipment, which amounts to 11 %. This made it possible to considerably improve the group result as depreciations continue to decline. In addition, the good year-end result and a capital increase in July helped boost equity by €3.7 million. Thus avoiding the danger of excessive indebtedness. The company once again can look forward to the future with optimism.

"Our confidence after the recent difficult years is due to three factors," says Prof. Dr. Ernst Denert, Chairman of the Board of IVU. "Firstly, we have a smaller yet more effective team. Secondly, we were able to further develop our products in terms of functionality and improve the quality. Thirdly, our customers remained loyal because we provide them with good service and support. We will continue in this direction."

IVU expects to remain in the black in the 2006 fiscal year. The company has a good order position. Taking assessed open tenders and business proposals into account, the sales proceeds planned for 2006 are already largely covered in March. Revenues will remain at approximately the same level as in the year just concluded, i.e. above €30 million. Gross profits amounting to €25 million are planned to be 9% higher than in 2005, which will substantially boost EBIT. IVU assumes that this positive trend will continue throughout 2006 and beyond.

On Wednesday, 15 March 2006, at 9:30 p.m., the complete annual report will be posted online at www.ivu.de

For more information, contact:
Renate Bader
Head of Corporate Communications
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
Phone: +49.30.85906-800
E-Mail: Renate Bader
Internet: www.ivu.de

IVU Traffic Technologies AG is a leading supplier of IT systems for planning, operating and optimising transport and logistics processes. 30 years of experience developing hardware and software systems for more than 300 public transport companies also made IVU the market leader for IT solutions in other segments: monitoring truck fleets, setting up retail networks in geo-marketing, election processing. This is IVU's approach to transportation and beyond.