init reports revenues increase and record amount of incoming orders in 2012
Following the strong fourth quarter of 2012, init innovation in traffic systems AG continues to grow. According to the available preliminary figures, the group revenues in the financial year ended increased 9.7 percent to EUR 97.3m (2011: EUR 88.7m).
At the same time, init's incoming orders amounted to a record figure of EUR 152.2m (2011: EUR 81.4m). The order backlog as of the end of the year amounted to EUR 176 million, 50 percent more than the prior-year value. In terms of the revenues, init is thus approaching the tenth successive year of growth.
For further information please refer to our ad hoc release.
[published on Mar 06, 2013]