OverviewSuggest Edit

INIT Group (also known as Init Innovation in Traffic Systems) is a company that develops, produces, and sells intelligent transportation systems and electronic ticketing systems for public transportation. It offers MOBILE-PLAN, a planning system; MOBILE-PERDIS, a personnel deployment system; MOBILE-ITCS, a fleet management system; MOBILE-STOPinfo, a real-time passenger information system; MOBILE-APC, an automatic passenger counting system; and MOBILE-EFM, a fare management system, as well as training courses.

TypePublic
Founded1983
HQKarlsruhe, DE
Websiteinitse.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Nov 2020)1,000(+16%)
Revenue (FY, 2019)€156.5 M(+16%)
Share Price (Sept 2021)€46.4
Cybersecurity ratingAMore

Key People/Management at INIT

Gottfried Greschner

Gottfried Greschner

Chief Executive Officer
Jürgen Greschner

Jürgen Greschner

Chief Sales Officer and Deputy Chief Executive Officer
Jennifer Bodenseh

Jennifer Bodenseh

CFO
Matthias Kühn

Matthias Kühn

COO
Hans-Joachim Rühlig

Hans-Joachim Rühlig

Chairman
Ulrich Sieg

Ulrich Sieg

Deputy Chairman
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INIT Office Locations

INIT has offices in Karlsruhe, Leipzig, Chesapeake, New York and in 1 other location
Karlsruhe, DE (HQ)
Kaeppelestraße 4-10
Leipzig, DE
Leipzig
Dubai, AE
Dubai Airport Free Zone, Building 6EB Office 244
Chesapeake, VA, US
424 Network Station
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INIT Financials and Metrics

INIT Revenue

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INIT's revenue was reported to be €156.46 m in FY, 2019 which is a 15.3% increase from the previous period.
EUR

Revenue (Q3, 2020)

49.6m

Gross profit (Q3, 2020)

17.5m

Gross profit margin (Q3, 2020), %

35.2%

Net income (Q3, 2020)

4.0m

EBIT (Q3, 2020)

6.2m

Market capitalization (9-Sept-2021)

458.3m

Closing stock price (9-Sept-2021)

46.4

Cash (30-Sept-2020)

36.7m

EV

479.4m
INIT's current market capitalization is €458.3 m.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

130.6m135.7m156.5m

Revenue growth, %

4%15%

Cost of goods sold

87.9m89.7m103.2m

Gross profit

42.7m46.0m53.2m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

29.5m29.9m36.3m35.3m41.7m35.8m40.3m41.1m49.6m

Cost of goods sold

21.1m19.5m23.4m24.8m25.7m23.7m26.0m29.5m32.1m

Gross profit

8.4m10.4m12.9m10.6m16.1m12.1m14.3m11.6m17.5m

Gross profit Margin, %

29%35%35%30%38%34%35%28%35%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

19.8m20.6m26.2m

Accounts Receivable

34.5m26.1m43.0m

Inventories

26.0m27.9m27.8m

Current Assets

112.6m106.4m123.7m
Quarterly
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

3.6m2.4m11.3m

Depreciation and Amortization

4.2m4.6m7.2m

Inventories

65.0k(1.5m)357.0k

Accounts Payable

(3.1m)(1.7m)(1.5m)
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

207.0k440.0k2.0m679.0k5.3m6.8m2.2m4.0m8.0m

Depreciation and Amortization

1.1m2.2m3.4m1.7m3.5m5.3m1.9m4.3m6.7m

Inventories

1.1m(44.0k)(388.0k)(1.0m)(3.6m)(2.5m)(3.6m)(5.5m)(3.6m)

Accounts Payable

(2.4m)(3.6m)(4.1m)(2.5m)(238.0k)(2.1m)1.6m(382.0k)787.0k
EURFY, 2017

Revenue/Employee

183.4k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.4 x
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INIT Operating Metrics

INIT's Customers was reported to be 700 in FY, 2019.
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INIT Acquisitions / Subsidiaries

Company NameDateDeal Size
CarMedialab Corp.
CarMedialab GmbH
GO-1 LLC
Hansecom BY
HanseCom Public Transport Ticketing Solutions GmbH
INIT Asia-Pacific Pte. Ltd.
Init Innovation in Traffic Systems FZE
INIT innovation in transportations NZ Limited
INIT Innovations in Transportation (Eastern Canada) Inc.
INIT Innovations in Transportation Inc.
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INIT Revenue Breakdown

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INIT revenue breakdown by business segment: 63.6% from Application of the POC method and delivery projects, 20.4% from Maintenance contracts and 15.9% from Additional and replacement deliveries

INIT revenue breakdown by geographic segment: 24.2% from Rest of Europe, 35.6% from North America, 28.4% from Germany and 11.8% from Other

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INIT Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

INIT Online and Social Media Presence

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INIT News and Updates

IDCloudHost secures $5m from Bukalapak founder Achmad Zaky’s Init 6

It plans to use the new funds to bolster its technology and expand human resources.

INIT Frequently Asked Questions

  • When was INIT founded?

    INIT was founded in 1983.

  • Who are INIT key executives?

    INIT's key executives are Gottfried Greschner, Jürgen Greschner and Jennifer Bodenseh.

  • How many employees does INIT have?

    INIT has 1,000 employees.

  • What is INIT revenue?

    Latest INIT annual revenue is €156.5 m.

  • What is INIT revenue per employee?

    Latest INIT revenue per employee is €156.5 k.

  • Who are INIT competitors?

    Competitors of INIT include Dynniq, Flowbird Group and FARA.

  • Where is INIT headquarters?

    INIT headquarters is located at Kaeppelestraße 4-10, Karlsruhe.

  • Where are INIT offices?

    INIT has offices in Karlsruhe, Leipzig, Chesapeake, New York and in 1 other location.

  • How many offices does INIT have?

    INIT has 5 offices.