Init Innovation in Traffic Systems Q1 2025 Financial Performance

Init Innovation in Traffic Systems SE announced its Q1 2025 results. The company recorded orders worth EUR 75.7 million, a drop from EUR 245.1 million the previous year, influenced by significant projects in London and Atlanta. Excluding these extraordinary events and the DILAX acquisition, there was an underlying growth of approximately 19% year-on-year.

Revenues increased to EUR 70.4 million from EUR 50.5 million in Q1 2024, with EUR 4.7 million attributed to the DILAX Group, included from Q3 2024. Despite the revenue growth, EBIT decreased to EUR 2.0 million, down from EUR 3.7 million, influenced by DILAX's negative impact, fluctuating gross profit, currency challenges, and increased R&D spending.

The company's guidance remains unchanged, projecting full-year revenues of EUR 300-330 million and EBIT of EUR 30-33 million. The buy recommendation and target price of EUR 55.00 are upheld.