Kapsch TrafficCom AG: Sale of non-core strategic assets.

EQS-News: Kapsch TrafficCom AG / Key word(s): Disposal
Kapsch TrafficCom AG: Sale of non-core strategic assets.

02.05.2024 / 10:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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:           Sandra          Investor contact: Marcus
        Carolin Treichl     Bijelic Head            Handl, Valerie Riegler
         Executive Vice     of Corporate    Investor Relations team Kapsch
    President Marketing    Communicatio-      TrafficCom AG Am Europlatz 2
       & Communications        ns Kapsch     1120 Vienna, Austria T +43 50
                 Kapsch       TrafficCom                          811 1122
     Aktiengesellschaft            AG Am    (1)ir.kapschtraffic@kapsch.net
    Am Europlatz 2 1120      Europlatz 2                                1.
      Vienna, Austria T     1120 Vienna,    mailto:ir.kapschtraffic@kapsch
        +43 50 811 1710        Austria T                              .net
   (1)carolin.treichl@k       +43 50 811
          apsch.net  1.             1720
   mailto:carolin.treic     (1)sandra.bi
          hl@kapsch.net     jelic@kapsch
                                .net  1.
                            mailto:sandr
                            a.bijelic@ka
                                psch.net

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


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02.05.2024 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 02.05.2024 CET/CEST