IVU Traffic Technologies Achieves Record Financial Performance in 2023

IVU Traffic Technologies AG announced a milestone achievement in its financial results for the fiscal year 2023, marking the most successful year in the company’s history. The Berlin-based enterprise reported a significant increase in its revenue, gross profit, and operating profit. Specifically, revenue saw an 8.2% rise to €122.5 million, gross profit escalated by 11.7% to €101.1 million, and operating profit (EBIT) grew by 6.1% to €15.8 million.

In response to these remarkable results, IVU's Executive Board and Supervisory Board have proposed to increase the dividend to €0.26 at the forthcoming Annual General Meeting. Martin Müller-Elschner, CEO of IVU, attributed the success to the dedicated efforts of nearly 1,000 employees and emphasized the importance of public transport for climate-friendly mobility. He highlighted that IVU.suite, their comprehensive solution for digitizing and optimizing operations in both local and long-distance transport, is well-poised to meet the future demands of public transportation.