init innovation in traffic systems SE is a supplier of integrated planning, dispatching, telematics, and ticketing systems for public transport operators. The company provides software and hardware solutions covering ticketing and fare management, operations control, real-time passenger information, and customer support. Key products include the MOBILEvario backend system, the eMOBILE electromobility solution, and the COPILOT on-board computer. The group serves transport companies globally, with notable projects in the United States, the United Kingdom, and Europe. Founded in 1983 as a university spin-off, the company converted into a Societas Europaea in 2017.

Summarised from the company's own disclosures, fiscal year ended Oct 2026

Industry Software - Application Homepage initse.com
Sector Technology IR page initse.com/ende/investors
Tags
public transport, ticketing systems, fare management, fleet management, telematics, electromobility, autonomous driving, real-time passenger information, operations control, MOBILEvario, eMOBILE, COPILOT, EFADcompact, MFS 90, AFC 2.0, VENDstation, nextGen, MAVIS
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Metrics

Valuation  
Market cap € 433.728M
P/E 126.04
P/BV —
P/S 1.32
P/OCF 8.89
P/FCF —
Dividend yield —
Turnover / mcap —
Returns  
ROE —
ROI 24.0%
ROIC 56.2%
Profit margin 4.2%
Growth  
Revenue growing Yes
Profits growing No
Revenue up 3y Yes
Revenue up 5y No
Quality  
Profitable Yes
Margin expanding No
Buying back stock No
Diluting (TTM) No
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News sentiment (TTM) 0
Quality score 20.0%
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Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue 329.671M 265.674M 210.801M 191.252M 176.659M 180.668M 156.464M
Net profit 13.87M 19.06M 12.815M 21.515M 12.413M 14.924M 11.332M

Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Share price 46.7 36.6 30.5 25.45 33.3 33.3 23.1
Price performance 12m 0.28 0.2 0.2 -0.24 0 0.44 0.38

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init innovation in traffic systems SE (ticker IXX), listed in Germany.