Init Innovation Reports Record Growth and Ambitious Forecasts

Init innovation in traffic systems SE has entered a significant growth phase, setting a new record in incoming orders for the 2023 financial year at EUR 225m. This surge is attributed to securing major projects in Atlanta and London, signaling robust future earnings. The company, a specialist in digital transformation for public transport, announced these achievements at its annual press conference and analysts’ meeting.

The firm reached a milestone with a 10.2% revenue increase in 2023, amounting to EUR 211m, and maintained an EBIT of EUR 21m despite rising costs related to inflation and sales. With a substantial investment in development expenses, init demonstrates a commitment to innovation, essential for adapting to the increasing digitalization of public transport.

The company's resilience in a challenging 2023 underscores the strength of its business model, with a proposed dividend increase set to benefit shareholders. Init's forward-thinking approach in harnessing artificial intelligence positions it advantageously as public transport systems globally undergo a digital transformation. With the rising focus on climate change and sustainable transport, init's solutions are more relevant than ever, further bolstering its market position.

Looking ahead, the init Managing Board anticipates double-digit growth in revenue and earnings for 2024, with projected revenue between EUR 240 and 260m, and EBIT expected to be between EUR 24m and EUR 28m. This optimistic outlook is supported by the increasing number of investment programmes and a positive financing landscape for public transport operators.