Kapsch TrafficCom (KTCG) investor relations material

Executive summary

• Revenues for Q1 2026/27 reached €105.2mn, up 4.7%–5% year-over-year, with growth across all regions and business types.

• EBIT was €2.3mn (EUR 2 million), a significant decrease from €21.7mn in Q1 2025/26, due to the absence of a prior-year one-time gain from Germany.

• A restructuring plan is under development, with key terms agreed in July, including a standstill agreement and a binding term sheet for restructuring through March 2028.

• Sale of a majority stake in tolltickets GmbH was agreed upon in July, expected to positively impact future results.

• Management expects full-year 2026/27 revenues and EBIT to exceed prior-year figures.

Financial highlights

• EBIT margin dropped to 2.2% from 21.6% year-over-year due to the absence of prior year’s one-time effect.

• Result for the period attributable to equity holders was €-1.1mn, compared to €10.3mn in the prior year.

• Free cash flow improved to €-1.8mn from €-18.3mn year-over-year; cash flow from operating activities improved to €-7mn from €-21mn.

• Net debt increased to €119.0mn from €113.4mn sequentially; gearing ratio rose to 179% from 167%.

• Equity ratio remained stable at 17.1% despite higher total assets.

Outlook and guidance

• Revenues and EBIT for full year 2026/27 expected to exceed prior-year figures, despite a challenging market environment.

• Focus on cost control, liquidity, and efficiency improvements.

• Restructuring measures may initially increase financing and consulting costs but are aimed at improving long-term profitability.

• Positive effects anticipated from the sale of the majority in tolltickets GmbH.

• Strong order backlog and project catch-up expected to support growth.