DGAP-Adhoc: init innovation in traffic systems SE: New revenues and profit forecast for financial year 2019

Karlsruhe, 26 July 2019. As stated in the ad hoc announcement published on 18 July 2019, init innovation in traffic systems SE has revised the business plan for the total year 2019. The adjusted target corridor for revenues amounts to EUR 150-160m, for EBIT the adjusted target value amounts to approx. EUR 15m.
After a strong second quarter in 2019, init already achieves EUR 77m in revenues and around EUR 8m in EBIT as of 30 June 2019, according to the preliminary figures. Until now, the Managing Board assumed a target value of EUR 145m in revenues and EUR 7.5m in EBIT for 2019.
The half-year financial report will be published as planned on 8 August 2019 and will contain further information on the business development.

Contact:
Person making the notification:
Simone Fritz
Investor Relations
ir@initse.com