Kapsch TrafficCom: Rise in Revenues Ahead
Analysts expect the Austrian IT company to record a substantial increase in revenues. The earnings are different.
Tomorrow, the toll collection system suppllier Kapsch TrafficCom will present the results of the financial year 2011/12. On average, the analysts of RCB (Raiffeisen Centrobank), Erste Group and Berenberg Bank anticipate a 30% increase in revenues.
Regarding the EBIT figure, Berenberg Bank and RCB forecast a slight decline to € 42.0m and € 45.0m. Erste Group predicts a rise to € 60.8m, however. In the reference periode, Kapsch TrafficCom recorded an EBIT of € 48.9m.
Berenberg´s and Erste Group´s net income forecast are rather optimistic. The analysts of Berenberg Bank awaits profits of € 24.0m. Erste Group expects Kapsch´s net income to reach € 33.8m. Last year, net income totalled € 22.1m. RCB anticipates a decrease to € 16.7m.
According to RCB, new projects could be generated in Slovenia, Hungary and Brazil. Further projects in the U.S. and in Russia would be conceivable.
Berenberg Bank sees a rising pressure on the operating margins, especially in the fourth quarters. This would be due to a major project in South Africa, Berenberg Bank explains.
Erste Group refers to the future market Russia, where a toll collection system may be introduced. Regarding the fourth quarter, it would be crucial whether the major project in Poland is already included in Kapsch´s balance sheet, Erste says.