INIT Innovations in Transportation

Init Innovation increased revenue to €201 million in the first half (+42%) and nearly doubled EBIT to €12.4 million. Order intake climbed 74% to €262.3 million, and the order backlog stands at €408.4 million. Growth was driven by large projects such as ticketing installations in North America and the business with cloud-based software and data platforms. The company reaffirmed its annual guidance and considers a mid-term EBIT margin of more than 10% achievable. » Plus sur finanzen.net

Init, founded by Gottfried Greschner, generates around €330 million in revenue and employs more than 1,500 people. The IPO on the Neuer Markt succeeded 25 years ago; currently the US business accounts for over 50% of sales, and Init recently won a €380 million ticketing contract in Sydney. The company is driving the BRAVE10k research project for up to 10,000 autonomous feeder vehicles and plans AI-supported features for space display and hazard detection. Greschner (79) intends to extend his CEO contract by three years; his daughter Christina is already on the supervisory board, and Init is targeting €1 billion in revenue within a decade. » Plus sur wiwo.de

Init, founded in 1983 by Gottfried Greschner, has developed into a global provider of control systems and ticketing with around 1,500 employees and annual sales of about €330 million. The company now generates over 50% of its revenue in the US, recently won a large ticketing contract from Sydney worth €380 million and is currently wrapping up two major projects there. Init is also advancing autonomous feeder buses in the BRAVE10k research project, excludes China from its plans and targets revenue growth to around €1 billion within ten years; Greschner intends to extend his CEO contract by three years. » Plus sur wiwo.de