IVU’s good business performance continues in the first six months of 2011

IVU Traffic Technologies AG has once again produced improved performance figures in the first half-year 2011, continuing the positive trend of recent years. The gross profit rose by 6 percent in comparison with the same period in the previous year to EUR 13.4 million, while EBIT increased by EUR 104,000 to EUR 113,000. The six-month revenue of € 15.9 million is also slightly up on the interim figure for last year (2010: € 15.7 million). The demand for IVU’s IT solutions for public transport and logistics continues to be high.

The products of the IVU.suite have again conquered new markets and sectors. Following on from the state railways of Hungary, Finland, Italy and Switzerland, Portugal’s Caminhos de Ferro Portugueses (CP) will now also utilise IVU.rail for train and rail personnel scheduling. In Germany, Stadtwerke Münster is one of the first public utilities introducing electronic ticketing. Therefore they have placed an order for the e-ticketing solution of IVU. By the end of 2012 all its bus passengers will be able to make cashless fare payments using their new chip cards.

“The customer-oriented development of our software systems over recent years is showing clear signs of success”, explains Martin Müller-Elschner, CEO of IVU Traffic Technologies AG. “The public transport sector remains a growth market for IVU. Major cities all over the world with rapidly growing populations and constantly rising traffic levels are calling for intelligent software solutions to promote functional local transport. This demand is reflected in our performance figures.”

For the full half-year report visit: http://www.ivu.com/investors/publications.html.

IVU Traffic Technologies AG has been working for more than thirty years with some 300 software engineers to ensure that transport in the world’s major cities operates reliably and on time. People and vehicles in expanding cities are continually on the move – a logistical challenge which calls for intelligent and reliable software systems. The standardised software products of the IVU.suite and tailor-made IT solutions are used to plan, optimise and control the scheduling of vehicle fleets and personnel. Other systems support the choice of branch locations or ensure that election results are determined correctly.

IVU. Systems for vibrant cities.

Contact:
Madlen Dietrich
Corporate Communications
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin,
Germany
Tel +49 30 85906-0
E-mail: Madlen.Dietrich(at)ivu.de
www.ivu.de

This release was published on openPR.