Original-Research: init innovation in traffic systems SE (von Quirin Privatba...

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Original-Research: init innovation in traffic systems SE - from Quirin
Privatbank Kapitalmarktgeschäft

13.11.2025 / 16:37 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this research. The
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invitation to conclude certain stock exchange transactions.

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Classification of Quirin Privatbank Kapitalmarktgeschäft to init innovation
in traffic systems SE

     Company Name:               init innovation in traffic systems SE
     ISIN:                       DE0005759807

     Reason for the research:    update
     Recommendation:             Buy
     from:                       13.11.2025
     Target price:               60.00
     Last rating change:
     Analyst:                    Ralf Marinoni

Tailwind for year-end targets

init showed strong results in its third quarter: sales increased by 34% yoy
and EBIT margin came in 10%, reaching double-digit terrain. Furthermore,
Thanks to the positive earnings performance and agreed advance payment
terms, cash flow from operating activities quadrupled to EUR 33.3m in the
nine-month period (September 30, 2024: EUR 8.0m). We therefore confirm our
Buy recommendation and the EUR 60.00 TP.



You can download the research here:
https://eqs-cockpit.com/c/fncls.ssp?u=a38fb66a49a960322ee70bf6d0099450
For additional information visit our website:
https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/

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2229620 13.11.2025 CET/CEST

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