Press release
PTV takes stock and presents prominent Supervisory Board Chairman
Positive fiscal year-end results / Dr. Frank-Jürgen Weise, CEO of the Federal Employment Agency, becomes new Supervisory Board Chairman of PTV Planung Transport Verkehr AG, Karlsruhe.
Karlsruhe, Germany, 20th November 2009. Karlsruhe-based PTV Planung Transport Verkehr AG had good news to report at its Annual General Meeting. With an order backlog at record high and a comprehensive market portfolio encompassing software and consulting services for optimised traffic and transportation, the company is well positioned, even in times of economic crisis. Dr. Frank-Jürgen Weise, the Chairman of the Board of Directors of the Federal Employment Agency, Nuremberg, was elected as Chairman of PTV's Supervisory Board.
Dr.-Ing. Hans Hubschneider, Chairman of the Board of Directors, presented a positive balance sheet to the stockholders at the company's Annual General Meeting. PTV achieved slightly improved results for the financial year which ended on March 31, 2009.
The PTV group achieved a positive fiscal-year end result with an EBIT of €1.2 million matching prior-year level, even in difficult economic times. The order volume increased to €46 million (previous year 37.6) which underlines the company's successful market positioning. PTV's workforce of 700 employees worldwide has remained unchanged from last year.
Despite a slight decrease in sales by €0.9 million to €80.9 million compared to the previous year, PTV was able to increase its services on own account by 2.4% to €66 million. The company continued to earn about 50% of its turnover abroad.
Another positive trend is the increased cash flow from operating activities which amounted to €5.3 million (previous year 0.9) which also substantially improved the group's balance sheet structure.
The current budget year shows different trends and developments: PTV's business unit Traffic still has numerous orders from the public sector. However, logistics continues to cope with the economic slowdown in the transport sector and, consequently, a lower willingness to invest.
Hans Hubschneider says: "The demand for our products has increased significantly which clearly confirms the current upward trend. Thanks to our broad product portfolio we are better prepared than our competitors. We are therefore confident that our market position will come out stronger after the economic crisis.”
Prominent executive named to the Supervisory Board
Dr. Frank-Jürgen Weise, Chairman of the Board of Directors of the Federal Employment Agency, Nuremberg, was appointed to the Supervisory Board at the Annual General Meeting. At the Supervisory Board Meeting, which took place immediately after the AGM, he was also elected to chair the control committee. Dr. Frank-Jürgen Weise succeeds the former chairman Dr. Volkmar Mair who retired from the Supervisory Board after many years in office.
The new Supervisory Board Chairman explains why he wants to support the transportation experts from Karlsruhe: "Maintaining close ties to German SMEs is very important to me. Working for PTV will be challenging and exciting because the company provides a comprehensive range of products and services for traffic, transportation and logistics - issues of particular relevance to the future." During his career, Frank-Jürgen Weise founded a logistics company and was member of the management board of well-known organisations, including renowned automotive companies, so he has gained extensive experience in this field.
For three decades, PTV has been focussing on truly innovative optimisation technology for traffic and transportation. The company provides its industrial, commercial and government clients with innovative software solutions and consulting services. It consistently delivers pioneering technology and set standards for the development of sustainable solutions, such as transportation planning with VISUM, the transport route planner map&guide, a specific truck navigation solution, or "green transportation" including a CO2 calculator. PTV's expertise assists customers in making the right decisions for the future: from traffic development plans for cities and regions to trip and location optimisation in logistics and sales.
4,255 characters. Author’s copy kindly requested.
Download
Press release as PDF fileImages
