PresseBox
Pressemitteilung BoxID: 331214 (IVU Traffic Technologies AG)
  • IVU Traffic Technologies AG
  • Bundesallee 88
  • 12161 Berlin
  • https://www.ivu.de
  • Ansprechpartner
  • Annette Weisser
  • +49 (30) 85906-244

IVU AG publishes Annual Report 2009

Revenue increased by 10% / EBIT rises by 70%

(PresseBox) (Berlin, ) IVU can look back on a successful financial year 2009. Despite the general economic situation, IVU Traffic Technologies AG has been able to achieve the best results in its 33year history. Revenue has risen by 10% to € 37.3 million and gross profit has even increased by 12% up to € 27.6 million. Earnings before interest and taxes (EBIT) were 70% higher than in 2008, amounting to € 2.1 million. In mid-2009 IVU finally paid off its loans and is now once again debt free. The positive development of the IVU share price in 2009 and the rise in trading volumes are a good sign.

In order to be prepared for future projects in national and international settings, IVU has strengthened its team. Staff capacity grew to 273 (+8.7% compared to 2008). Personnel expenditure increased by 6% to € 18.3 million.

For 2010 IVU expects revenue of approximately € 40 million and gross profits of € 30 million.

Key reasons for the good results and the positive prospects are the continual further development of the IVU software systems and particularly IVU's branch orientation: wellfunctioning public transport systems are gaining importance in cities all over the world - and IVU systems help them to organise this efficiently. Growing urbanisation and worldwide investments in public transport infrastructure offer promising opportunities for IVU.

The complete Annual Report as well as the Notes to the consolidated financial statements will be available online at www.ivu.de from approximately 6 p.m. CET on Wednesday, 17 March 2010.

IVU Traffic Technologies AG

IVU Traffic Technologies AG provides IT solutions for the planning and control of traffic and transport systems and the optimisation and supervision of logistics processes throughout Europe and worldwide. On the basis of more than 30 years experience, IVU delivers standardised software products and tailormade IT solutions to companies and institutions primarily in the segments Logistics, Traffic & transport, Geomarketing, and E-Government. The Berlin software company cooperates with its customers as system integrator and general contractor.