Upcoming Dividend • May 15
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.9%). Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €0.42 (vs €0.16 in 1Q 2025) First quarter 2026 results: EPS: €0.42 (up from €0.16 in 1Q 2025). Revenue: €98.2m (up 40% from 1Q 2025). Net income: €4.19m (up 168% from 1Q 2025). Profit margin: 4.3% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €53.70, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.96 per share. Price Target Changed • Apr 29
Price target increased by 8.1% to €64.67 Up from €59.83, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €51.30. Stock is up 31% over the past year. The company is forecast to post earnings per share of €2.55 for next year compared to €1.97 last year. Annonce • Apr 10
init innovation in traffic systems SE, Annual General Meeting, May 21, 2026 init innovation in traffic systems SE, Annual General Meeting, May 21, 2026, at 10:00 W. Europe Standard Time. Declared Dividend • Apr 04
Dividend of €0.90 announced Shareholders will receive a dividend of €0.90. Ex-date: 22nd May 2026 Payment date: 26th May 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Apr 03
init innovation in traffic systems SE announces Annual dividend, payable on May 26, 2026 init innovation in traffic systems SE announced Annual dividend of EUR 0.8000 per share payable on May 26, 2026, ex-date on May 22, 2026 and record date on May 25, 2026. Price Target Changed • Mar 20
Price target increased by 7.8% to €61.17 Up from €56.75, the current price target is an average from 3 analysts. New target price is 50% above last closing price of €40.90. Stock is up 3.3% over the past year. The company is forecast to post earnings per share of €2.94 for next year compared to €1.97 last year. Reported Earnings • Mar 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €1.97 (up from €1.57 in FY 2024). Revenue: €329.7m (up 24% from FY 2024). Net income: €19.6m (up 27% from FY 2024). Profit margin: 5.9% (in line with FY 2024). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 7.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: €0.55 (vs €0.34 in 3Q 2024) Third quarter 2025 results: EPS: €0.55 (up from €0.34 in 3Q 2024). Revenue: €85.1m (up 34% from 3Q 2024). Net income: €5.45m (up 64% from 3Q 2024). Profit margin: 6.4% (up from 5.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: €0.23 (vs €0.24 in 2Q 2024) Second quarter 2025 results: EPS: €0.23 (down from €0.24 in 2Q 2024). Revenue: €71.4m (up 11% from 2Q 2024). Net income: €2.31m (down 4.3% from 2Q 2024). Profit margin: 3.2% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 24
init innovation in traffic systems SE Confirms Earnings Guidance for the Financial Year 2025 init innovation in traffic systems SE confirmed earnings guidance for the financial year 2025. For the year, the company expected revenue range of around EUR 300 million to EUR 330 million in revenues and EUR 30 million to EUR 33 million in earnings before interest and taxes (EBIT) for the year as a whole. New Risk • May 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.1% net profit margin). Upcoming Dividend • May 16
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (0.9%). Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €299.7m to €315.3m. EPS estimate fell from €2.33 to €1.97 per share. Net income forecast to grow 26% next year vs 19% growth forecast for Software industry in Germany. Consensus price target up from €54.00 to €56.00. Share price rose 5.8% to €43.60 over the past week. Price Target Changed • Mar 21
Price target increased by 7.2% to €56.00 Up from €52.25, the current price target is an average from 2 analysts. New target price is 41% above last closing price of €39.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.96 for next year compared to €1.57 last year. Reported Earnings • Mar 20
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: €1.57 (up from €1.54 in FY 2023). Revenue: €265.7m (up 26% from FY 2023). Net income: €15.5m (up 1.8% from FY 2023). Profit margin: 5.8% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to €34.80. The fair value is estimated to be €45.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: €0.34 (vs €0.37 in 3Q 2023) Third quarter 2024 results: EPS: €0.34 (down from €0.37 in 3Q 2023). Revenue: €63.6m (up 19% from 3Q 2023). Net income: €3.32m (down 10% from 3Q 2023). Profit margin: 5.2% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: €0.24 (vs €0.31 in 2Q 2023) Second quarter 2024 results: EPS: €0.24 (down from €0.31 in 2Q 2023). Revenue: €64.0m (up 25% from 2Q 2023). Net income: €2.42m (down 20% from 2Q 2023). Profit margin: 3.8% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 31
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: €0.24 (vs €0.17 loss in 1Q 2023) First quarter 2024 results: EPS: €0.24 (up from €0.17 loss in 1Q 2023). Revenue: €50.5m (up 31% from 1Q 2023). Net income: €2.40m (up €4.10m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €36.10. The fair value is estimated to be €45.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Mar 27
Now 21% undervalued Over the last 90 days, the stock has risen 16% to €35.60. The fair value is estimated to be €45.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Price Target Changed • Mar 25
Price target increased by 8.4% to €51.50 Up from €47.50, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €33.90. Stock is up 27% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.54 last year. Declared Dividend • Mar 24
Dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 7th June 2024 Payment date: 11th June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €1.54 (down from €1.67 in FY 2022). Revenue: €210.8m (up 10% from FY 2022). Net income: €15.2m (down 8.1% from FY 2022). Profit margin: 7.2% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €32.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Software industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: €0.37 (vs €0.51 in 3Q 2022) Third quarter 2023 results: EPS: €0.37 (down from €0.51 in 3Q 2022). Revenue: €53.4m (up 5.8% from 3Q 2022). Net income: €3.70m (down 27% from 3Q 2022). Profit margin: 6.9% (down from 10.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €0.31 (vs €0.14 in 2Q 2022) Second quarter 2023 results: EPS: €0.31 (up from €0.14 in 2Q 2022). Revenue: €51.1m (up 13% from 2Q 2022). Net income: €3.03m (up 111% from 2Q 2022). Profit margin: 5.9% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • May 19
Upcoming dividend of €0.70 per share at 1.9% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Reported Earnings • May 18
First quarter 2023 earnings released: €0.17 loss per share (vs €0.047 profit in 1Q 2022) First quarter 2023 results: €0.17 loss per share (down from €0.047 profit in 1Q 2022). Revenue: €38.5m (up 8.3% from 1Q 2022). Net loss: €1.69m (down 467% from profit in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Major Estimate Revision • Mar 22
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from €1.25 to €1.41. Revenue forecast steady at €192.0m. Net income forecast to grow 28% next year vs 20% growth forecast for Software industry in Germany. Consensus price target broadly unchanged at €47.25. Share price rose 8.3% to €28.70 over the past week. Buying Opportunity • Mar 06
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €35.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Buying Opportunity • Feb 16
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €35.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €1.11 to €1.25. Revenue forecast steady at €192.7m. Net income forecast to grow 26% next year vs 18% growth forecast for Software industry in Germany. Consensus price target broadly unchanged at €47.00. Share price rose 7.2% to €23.80 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021) Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021) Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to €21.05, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 4.6% over the past three years. Annonce • Aug 20
init innovation in traffic systems SE Announces Executive Changes, Effective March 1, 2023 The Supervisory Board of init innovation in traffic systems SE has appointed a new Chief Financial Officer. Dr. Marco Ferber will take up this position with effect from 1 March 2023, succeeding Jennifer Bodenseh, who has already left the company by mutual agreement on 30 June 2022 to pursue new professional opportunities. Dr. Marco Ferber has extensive experience in the commercial and strategic management of international listed companies. Before joining init SE, the doctor of business administration was authorised signatory with responsibility for corporate accounting, performance and risk controlling as well as the tax department of the Bilfinger group. Prior to that, the financial expert successfully held various management positions in Germany and abroad with the Thomas Cook Group, including Managing Director of a large national subsidiary. Dr. Marco Ferber began his career in January 2000 as a consultant at McKinsey & Company Inc. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: €0.14 (vs €0.33 in 2Q 2021) Second quarter 2022 results: EPS: €0.14 (down from €0.33 in 2Q 2021). Revenue: €45.1m (up 2.1% from 2Q 2021). Net income: €1.44m (down 56% from 2Q 2021). Profit margin: 3.2% (down from 7.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Aug 03
Price target decreased to €46.25 Down from €51.25, the current price target is an average from 2 analysts. New target price is 114% above last closing price of €21.65. Stock is down 50% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.25 last year. Reported Earnings • May 13
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €0.047 (down from €0.18 in 1Q 2021). Revenue: €35.6m (down 12% from 1Q 2021). Net income: €462.0k (down 75% from 1Q 2021). Profit margin: 1.3% (down from 4.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Upcoming Dividend • May 12
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 17% share price gain to €35.90, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.35 per share. Major Estimate Revision • Mar 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €1.55 to €1.25 per share. Revenue forecast steady at €194.0m. Net income forecast to grow 0.7% next year vs 26% growth forecast for Software industry in Germany. Consensus price target of €51.25 unchanged from last update. Share price rose 12% to €36.65 over the past week. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 15% share price gain to €30.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 115% over the past three years. Buying Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €32.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years. Buying Opportunity • Jan 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €38.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS €0.21 (vs €0.40 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €40.4m (down 19% from 3Q 2020). Net income: €2.09m (down 47% from 3Q 2020). Profit margin: 5.2% (down from 8.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS €0.33 (vs €0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €44.2m (up 7.5% from 2Q 2020). Net income: €3.31m (up 76% from 2Q 2020). Profit margin: 7.5% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annonce • May 21
init innovation in traffic systems SE Approves Dividend for 2020 init innovation in traffic systems SE announced 37.5% higher dividend for the 2020 financial year. The virtual shareholders' meeting held on May 19, 2021 approved the increase in the dividend proposed by the Managing Board and Supervisory Board to EUR 0.55 per share (previous year: EUR 0.40). Upcoming Dividend • May 13
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS €0.18 (vs €0.22 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: €40.5m (flat on 1Q 2020). Net income: €1.84m (down 16% from 1Q 2020). Profit margin: 4.5% (down from 5.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 30
Price target decreased to €45.00 Down from €49.00, the current price target is provided by 1 analyst. New target price is 34% above last closing price of €33.50. Stock is up 68% over the past year. Reported Earnings • Mar 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €180.7m (up 16% from FY 2019). Net income: €14.9m (up 32% from FY 2019). Profit margin: 8.3% (up from 7.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • Mar 18
init innovation in traffic systems SE to Report Fiscal Year 2020 Results on Mar 25, 2021 init innovation in traffic systems SE announced that they will report fiscal year 2020 results on Mar 25, 2021