on Init Innovation In Traffic Systems AG (ETR:IXX)
Init Innovation in Traffic Systems Shows Robust Growth
Quirin Privatbank Kapitalmarktgeschäft's recent update on Init Innovation in Traffic Systems SE highlights a promising performance for the company. Init's third-quarter results showed an impressive 34% increase in sales year-over-year, with an EBIT margin landing at 10%. This result marks a notable entry into double-digit territory.
The company's positive earnings performance, coupled with agreed advance payment terms, significantly boosted their cash flow from operating activities. This metric soared to EUR 33.3 million over the nine-month period, a remarkable jump from EUR 8.0 million as of September 30, 2024.
Consequently, Quirin Privatbank maintains a 'Buy' recommendation for Init, with a target price set at EUR 60.00.
R. H.
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