openPR Logo
Press release

Annual General Meeting of IVU AG in Berlin

Satisfied shareholders at the Annual General Meeting of IVU Traffic Technologies AG (Image: IVU)

Satisfied shareholders at the Annual General Meeting of IVU Traffic Technologies AG (Image: IVU)

IVU Traffic Technologies remains on course for success: After the record results for the 2018 fiscal year, shareholders of the Berlin-based IT specialist for public transport will receive a dividend of 12 cents per share (2018: 10 cents). A corresponding proposal by the Executive Board and the Supervisory Board was approved by the Annual General Meeting today.

In view of the continued positive business performance in the financial year 2018, the shareholders were also very satisfied with the Supervisory Board and Executive Board members’ actions, which they approved by a large majority.

IVU continued its growth course in the first quarter of 2019: Gross profit improved by 5 percent to €10.2 million (Q1 2018: €9.7 million). Due to lower hardware deliveries, revenue of €13.2 million (Q1 2018: €14.0 million) was slightly down on the prior-year period. The order backlog for 2019 of more than €76 million already covers more than 90 percent of the planned annual revenue.

“We are currently experiencing strong demand – both from our customers for our IT solutions, and also from investors for our share. We would like to thank both for their great trust over the past years,” said Martin Müller-Elschner, CEO of IVU. “And we are confident that this trust will also pay off in the future!”

IVU’s growth is also reflected in its structures: Now that the company permanently has over 500 employees, one-third of its Supervisory Board members are required to be employee representatives. In the Supervisory Board elections, the Annual General Meeting re-elected Prof. Herbert Sonntag and Ms Ute Witt as shareholder representatives. At her own request, Ms Uli Mayer-Johanssen did not stand for re-election. Dr Heiner Bente, Hamburg, entrepreneur and senior advisor at BSL Management Consultants, and Prof. Barbara Lenz, Berlin, professor of Transport Geography and director of the Institute of Transport Research at the German Aerospace Center, were appointed as new members of the Supervisory Board.

IVU Traffic Technologies has been working for over 40 years with more than 500 engineers to ensure punctual and reliable transport in the world’s metropolises. In growing cities, people and vehicles are constantly on the move – a logistical challenge that calls for intelligent and secure software systems. The integrated standard products of the IVU.suite work to plan, optimise and control the deployment of buses and trains, provide passengers with real-time information, create routes for parcel delivery services, and support businesses in choosing branch locations.
IVU. SYSTEMS FOR VIBRANT CITIES.

Dr Stefan Steck
Corporate Communications
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
T +49.30.85906-386
Stefan.Steck@ivu.com
www.ivu.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Annual General Meeting of IVU AG in Berlin here

News-ID: 1758195 • Views: 193

More Releases from IVU Traffic Technologies AG

MaaS L.A.B.S.: IVU involved in research into the future of transport
Research project for the development of digitally supported and demand-based mobility services Berlin, 20 August 2019 – Mobility as a service is the future of public transport – from trains to bikes for hire culminating in a section of the journey on an autonomous bus, all seamlessly connected in a single system. IT specialist IVU Traffic Technologies is now researching ways of making this idea a reality together with its partners
IT for Rail management conference on digitalisation
Efficient IT systems are the key to successful rail operations – this was one of the main findings of the IT for Rail management conference held in London on 16 and 17 May 2019. Around 30 top managers from renowned railway companies accepted the joint invitation from Arriva UK, MTR Crossrail and IVU Traffic Technologies. Digitalisation is changing the railway sector from the bottom up. It has never been easier for
Record attendance at IVU User Forum
Issues relating to innovation feature heavily at IVU’s international industry convention All roads lead to electric mobility, and the subject was the chief topic for discussion at the annual industry convention of IVU Traffic Technologies, which took place in Berlin on 18 and 19 March. Alongside the talks by experts, one particular high point came in the form of the new eCitaro from Daimler Buses, which visitors had the chance to
Start Unterelbe using IVU.rail to plan and dispatch in the cloud
From Hamburg to Cuxhaven: Transport company Verkehrsgesellschaft Start Unterelbe mbH, a subsidiary of regional transport operator Regionalverkehre Start Deutschland GmbH, has taken over the RE5 regional express route in Lower Saxony and Hamburg in time for the new timetable. The company is using IVU.rail from Berlin-based IT specialist IVU Traffic Technologies to plan and dispatch all vehicles and employees. It took less than three months to launch the entire system. The

All 5 Releases


More Releases for Board

Board of Studies Meeting 2018
The Board of Studies Meet (BoS) for the domain Human resources management was held on 08/06/2018. The Objective of this BOS was to create a platform for conducting insightful discussions & deliberations amongst the HR professionals and Academicians. BoS was conducted in esteemed presence of Dr. Milind Pande, Project Director, MITSOT. This was a great brain storming exercise happened at MITSOT in MITWPU Campus, Kothrud Pune .The opening remarks
IVU expands Executive Board
Leon Struijk to manage Projects and Sales as CCO Berlin, 12 January 2018 – IVU Traffic Technologies AG is expanding its Executive Board: Effective 1 February 2018, Leon Struijk will join the managing body of the Berlin-based IT specialist for public transport. Besides CEO Martin Müller-Elschner and CTO Matthias Rust, he will be CCO (Chief Customer Officer) with responsibility for Projects and Sales. Leon Struijk (47) comes from the Netherlands, where he
Tourism Board Marketing Board Marketing Index
ReportsWeb.com published “Tourism Board Marketing Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Publisher's "Tourism Board Marketing Index", measures the marketing efforts of 100 tourism boards around the world. The Tourism Board Marketing Index provides an insight into the individual marketing performance of different tourist boards. To compile
Global Led Writing Board
Global Led Writing Board: Led Writing Board Report by Material, Application, and Geography – Global Forecast to 2021 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). For sample report: http://www.reporthive.com/request-sample.php?id=809563 The report firstly introduced the Led Writing Board basics: definitions, classifications, applications and
High-Speed Board-to-Board Connectors
ReportsWorldwide has announced the addition of a new report title High-Speed Board-to-Board Connectors to its growing collection of premium market research reports. Bishop & Associates research report, High-Speed Board-to-Board Connectors, analyzes high-speed connectors used to connect boards, memory modules, hard drives and solid-state drives in electronic systems and how these connectors are changing as a result of new data center and communications architectures. • What are the market drivers that influence the
iversity creates Advisory Board
Bernau bei Berlin, 18 December 2013 – To prepare for the successful expansion of its online learning platform, iversity announces the creation of an independent advisory board. The founding members include former iversity CEO, Marcus Riecke, who will be joined by Jörg Dräger, PhD, managing director of the CHE (Centre for Higher Education). Additional members will be named in the months to come. Among other duties, the board will