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EQS-News: Kapsch TrafficCom AG / Key word(s): Disposal
Kapsch TrafficCom AG: Sale of non-core strategic assets.
2024-05-02 / 10:36 CET/CEST
The issuer is solely responsible for the content of this announcement.
Sale of non-core strategic assets.
Vienna, May 2, 2024 - Kapsch TrafficCom AG has sold assets that are not part of its strategic core business, generating
total proceeds of close to EUR 11 million with full realization of variable purchase price components.
Kapsch TrafficCom held 42.4% of the shares in Traffic Technology Services, Inc. (TTS), USA, a provider of technologies
for intelligent transportation solutions. The entire stake was sold before the balance sheet date of March 31, 2024,
which will have a positive effect of EUR 4.4 million on the financial result for the financial year 2023/24.
In addition, Kapsch TrafficCom indirectly held via its subsidiary KTC-ZA Holding Proprietary Limited, South Africa,
82.9% of the shares in TMT Services and Supplies Proprietary Limited (TMT), South Africa, a provider of road safety law
enforcement and automatic fare collection solutions for public transportation. All of the shares in TMT were sold after
the balance sheet date of March 31, 2024, thus, the financial result for the past financial year 2023/24 is not
affected.
"These sales are part of the measures that, as stated in the half-year report 2023/24, should lead to cash inflows of
at least EUR 30 million to further reduce our gearing ratio and are a result of the review of our Strategy 2027. In
this review, we came to the conclusion that both assets are not part of the strategic core business. We would like to
thank the employees of both companies and wish them every success for the future," commented Georg Kapsch, CEO of
Kapsch TrafficCom AG.
The effects on the key financial figures relating to TTS will be included in the report on the 2023/24 financial year,
which will be published on June 19, 2024; the effects relating to TMT will be reported in the quarterly highlights for
the first quarter of the 2024/25 financial year, which will be published on August 21, 2024.

Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful
projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services,
traffic management and demand management contribute to a healthy world without congestion.
With one-stop-shop-solutions, the company covers the entire value chain of customers, from components to design and
implementation to the operation of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in
the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2022/23 financial year, about 4,000
employees generated revenues of EUR 553 million.

Press contacts: Investor contact:

Carolin Treichl            Sandra Bijelic                   Marcus Handl, Valerie Riegler 
Executive Vice President   Head of Corporate Communications Investor Relations team 

Marketing & Communications Kapsch TrafficCom AG Kapsch TrafficCom AG Kapsch Aktiengesellschaft Am Europlatz 2 Am Europlatz 2
Am Europlatz 2 1120 Vienna, Austria 1120 Vienna, Austria

1120 Vienna, Austria       T +43 50 811 1720                T +43 50 811 1122 
T +43 50 811 1710          sandra.bijelic@kapsch.net        ir.kapschtraffic@kapsch.net 

carolin.treichl@kapsch.net
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Further information: www.kapsch.net/ktc Follow us on Twitter and LinkedIn

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2024-05-02 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language:     English 
Company:      Kapsch TrafficCom AG 

Am Europlatz 2
1120 Vienna
Austria

Phone:        +43 50811 1122 
Fax:          +43 50811 99 1122 
E-mail:       ir.kapschtraffic@kapsch.net 
Internet:     www.kapschtraffic.com 
ISIN:         AT000KAPSCH9 
WKN:          A0MUZU 
Listed:       Vienna Stock Exchange (Official Market) 
EQS News ID:  1894303 

End of News EQS News Service
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1894303 2024-05-02 CET/CEST

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END) Dow Jones Newswires

May 02, 2024 04:36 ET (08:36 GMT)