Kapsch TrafficCom Q3 20/21 - Another rock-bottom quarter and a guidance downgrade
Revenues continued to decline, at the same pace as in previous quartersFY 20/21 guidance downgraded again: revenues somewhat more than EUR 500 mn (from around EUR 550 mn) and EBIT potentially exceeding the EUR -100 mn threshold from negative in the higher tens of millions
The results are disappointing in our view, despite the house-cleaning efforts included in them
Kapsch TrafficCom is an international supplier of superior intelligent transportation systems (ITS). Co. subdivided into the following three segments: Road Solution Projects; Services, System Extensions, Components Sales; and Others. The segment Road Solution Projects relates to the installation of ITS solutions. The segment Services, System Extensions, Components Sales relates to the sale of services and components in the area of ITS solutions. The segment Others relates to non-core business activities conducted by Kapsch Components KG. In this segment, Co. offers engineering solutions, electronic manufacturing and logistics services to affiliated entities and third parties.
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