Added to YB: 2026-06-22
Pitch date: 2026-06-18
KTCG.VI [neutral]
Kapsch TrafficCom AG
Author Info
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Company Info
Kapsch TrafficCom AG provides intelligent transportation systems technologies, solutions, and services in Austria, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas.
Market Cap
EUR 78.9M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-8.80
P/E
26.91
EV/Sales
0.43
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Kapsch TrafficCom (KTCG Austria): A difficult year masks improving fundamentals
KTCG.VI (update): FY25-26 rev -19%, EBIT -40%, but distorted by €80m lost rev (Gauteng tolling end, Belarus disposal) & Germany toll settlement gain. Beat guidance. New orders ~€496m, backlog ~€1.3bn give visibility. North America recovering; tolling margins strong, traffic mgmt in loss. Recovery story on backlog conversion & margin rebuild; cautious outlook but cheap valuation leaves re-rating room.
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