Annual General Meeting of IVU AG in Berlin
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
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
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