Upcoming Dividend • May 22
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.6%). Duyuru • Apr 18
IVU Traffic Technologies AG, Annual General Meeting, May 28, 2026 IVU Traffic Technologies AG, Annual General Meeting, May 28, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: €0.77 (vs €0.69 in FY 2024) Full year 2025 results: EPS: €0.77 (up from €0.69 in FY 2024). Revenue: €151.5m (up 13% from FY 2024). Net income: €13.3m (up 11% from FY 2024). Profit margin: 8.8% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 28
Dividend increased to €0.55 Dividend of €0.55 is 96% higher than last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 27
IVU Traffic Technologies AG announces Annual dividend, payable on June 02, 2026 IVU Traffic Technologies AG announced Annual dividend of EUR 0.3000 per share payable on June 02, 2026, ex-date on May 29, 2026 and record date on June 01, 2026. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: €0.22 (vs €0.15 in 3Q 2024) Third quarter 2025 results: EPS: €0.22 (up from €0.15 in 3Q 2024). Revenue: €38.4m (up 23% from 3Q 2024). Net income: €3.76m (up 40% from 3Q 2024). Profit margin: 9.8% (up from 8.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Duyuru • Nov 21
IVU Traffic Technologies AG to Report Q3, 2026 Results on Nov 19, 2026 IVU Traffic Technologies AG announced that they will report Q3, 2026 results on Nov 19, 2026 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: €0.033 (vs €0.023 in 2Q 2024) Second quarter 2025 results: EPS: €0.033 (up from €0.023 in 2Q 2024). Revenue: €33.5m (up 20% from 2Q 2024). Net income: €571.0k (up 41% from 2Q 2024). Profit margin: 1.7% (up from 1.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Buy Or Sell Opportunity • Aug 28
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €21.30. The fair value is estimated to be €26.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Buy Or Sell Opportunity • Aug 05
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €21.00. The fair value is estimated to be €26.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Upcoming Dividend • May 22
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 40% and the cash payout ratio is 94%. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.8%). Declared Dividend • Apr 17
Dividend increased to €0.28 Dividend of €0.28 is 7.7% higher than last year. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: €0.69 (vs €0.65 in FY 2023) Full year 2024 results: EPS: €0.69 (up from €0.65 in FY 2023). Revenue: €135.4m (up 11% from FY 2023). Net income: €12.0m (up 5.8% from FY 2023). Profit margin: 8.9% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: €0.15 (vs €0.09 in 3Q 2023) Third quarter 2024 results: EPS: €0.15 (up from €0.09 in 3Q 2023). Revenue: €31.6m (up 4.3% from 3Q 2023). Net income: €2.68m (up 69% from 3Q 2023). Profit margin: 8.5% (up from 5.2% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: €0.023 (vs €0.05 in 2Q 2023) Second quarter 2024 results: EPS: €0.023 (down from €0.05 in 2Q 2023). Revenue: €28.9m (up 27% from 2Q 2023). Net income: €406.0k (down 54% from 2Q 2023). Profit margin: 1.4% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 29
Now 21% overvalued Over the last 90 days, the stock has fallen 2.1% to €14.05. The fair value is estimated to be €11.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Jul 06
Now 21% overvalued Over the last 90 days, the stock has fallen 8.5% to €14.05. The fair value is estimated to be €11.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to €14.30. The fair value is estimated to be €11.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: €0 (vs €0.013 loss in 1Q 2023) First quarter 2024 results: EPS: €0 (improved from €0.013 loss in 1Q 2023). Revenue: €27.0m (up 19% from 1Q 2023). Net income: €8.0k (up €242.0k from 1Q 2023). Profit margin: 0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 23
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (1.8%). New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €15.18, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 37x in the Software industry in the United Kingdom. Total loss to shareholders of 14% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: €0.65 (vs €0.58 in FY 2022) Full year 2023 results: EPS: €0.65 (up from €0.58 in FY 2022). Revenue: €123.2m (up 8.8% from FY 2022). Net income: €11.4m (up 12% from FY 2022). Profit margin: 9.2% (up from 8.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: €0.09 (vs €0.14 in 3Q 2022) Third quarter 2023 results: EPS: €0.09 (down from €0.14 in 3Q 2022). Revenue: €30.8m (up 10% from 3Q 2022). Net income: €1.59m (down 36% from 3Q 2022). Profit margin: 5.1% (down from 8.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: €0.037 (vs €0.059 in 2Q 2022) Second quarter 2023 results: EPS: €0.037 (down from €0.059 in 2Q 2022). Revenue: €26.5m (up 3.5% from 2Q 2022). Net income: €652.0k (down 37% from 2Q 2022). Profit margin: 2.5% (down from 4.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 25
First quarter 2023 earnings released: €0.013 loss per share (vs €0.022 loss in 1Q 2022) First quarter 2023 results: €0.013 loss per share (improved from €0.022 loss in 1Q 2022). Revenue: €23.4m (up 18% from 1Q 2022). Net loss: €234.0k (loss narrowed 40% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • May 19
Upcoming dividend of €0.24 per share at 1.5% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.8%). Duyuru • Oct 06
IVU Traffic Technologies AG, Annual General Meeting, May 25, 2023 IVU Traffic Technologies AG, Annual General Meeting, May 25, 2023. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: €0.059 (vs €0.041 in 2Q 2021) Second quarter 2022 results: EPS: €0.059 (up from €0.041 in 2Q 2021). Revenue: €25.6m (up 25% from 2Q 2021). Net income: €1.04m (up 43% from 2Q 2021). Profit margin: 4.1% (up from 3.6% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • May 25
First quarter 2022 earnings released: €0.022 loss per share (vs €0.041 loss in 1Q 2021) First quarter 2022 results: €0.022 loss per share (up from €0.041 loss in 1Q 2021). Revenue: €20.0m (up 9.7% from 1Q 2021). Net loss: €391.0k (loss narrowed 45% from 1Q 2021). 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 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 19
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: €0.53 (vs €0.57 in FY 2020) Full year 2021 results: EPS: €0.53 (down from €0.57 in FY 2020). Revenue: €102.9m (up 12% from FY 2020). Net income: €9.32m (down 7.7% from FY 2020). Profit margin: 9.1% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.064 (vs €0.15 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €20.7m (down 1.0% from 3Q 2020). Net income: €1.12m (down 57% from 3Q 2020). Profit margin: 5.4% (down from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €20.7m (up 12% from 2Q 2020). Net income: €728.0k (down 72% from 2Q 2020). Profit margin: 3.5% (down from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 27
First quarter 2021 earnings released: €0.041 loss per share (vs €0.059 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €18.7m (up 7.9% from 1Q 2020). Net loss: €712.0k (loss narrowed 32% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 21
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.7%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €0.57 (vs €0.60 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €98.1m (up 11% from FY 2019). Net income: €10.1m (down 4.6% from FY 2019). Profit margin: 10% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 23% share price gain to €19.30, the stock is trading at a trailing P/E ratio of 25.2x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 49x in the Software industry in the United Kingdom. Total returns to shareholders over the past three years are 322%. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS €0.15 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €20.9m (up 9.7% from 3Q 2019). Net income: €2.59m (up 61% from 3Q 2019). Profit margin: 12% (up from 8.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.