IVU continues on growth course

The continued solid growth of IVU is confirmed by the figures published today for the third quarter of the financial year 2011. The revenue of EUR 25.4 million in the first nine months is slightly higher than in the same period in the previous year (EUR 25.3 million). The nine-month gross profit showed a 3% improvement to EUR 20.6 million, and the consolidated profit increased to EUR 1 277 000. The equity ratio of 68% on the nine-month balance sheet date is an indicator of the financial stability of IVU.

In the third quarter of the financial year 2011, IVU was able to further expand its position in the markets of South America. The natural gas bus operator Movigas in South Patagonia now plans and optimises the scheduling of its vehicles and drivers using the systems of the IVU.suite. At the same time, the demand on the domestic market continues to be high. IVU maintains good long terms partnerships and is continually developing its systems together with its customers. In particular the optimisation tools of IVU are finding more and more applications – including outside the mobility sector.

“Our customer- and market-oriented product management has continued to be very successful in the third quarter,” reports Martin Müller-Elschner, CEO of IVU Traffic Technologies AG. “Increased efficiency and performance with advanced IT solutions continues to convince customers in all sectors. We are particularly proud of our optimisation tools, developed in close cooperation with the Konrad Zuse Institute in Berlin. These are now among the best optimisation solutions worldwide, and here we see considerable market potential.”

For the full nine month report go to: http://www.ivu.de/investoren/publikationen/2011.html.

IVU Traffic Technologies AG has been working for more than thirty years with some 300 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, support the choice of branch locations and ensure that election results are determined correctly.

IVU. Systems for vibrant cities.

IVU Traffic Technologies AG
Madlen Dietrich
Corporate Communications
Bundesallee 88,
12161 Berlin, Germany
Tel +49 30 85906-0
Fax +49 30 85906-111
Email: Madlen.Dietrich(at)ivu.de
www.ivu.de

This release was published on openPR.