Original-Research: init innovation in traffic systems SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy

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

13.11.2025 / 16:37 CET/CEST
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The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an 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: INIT20251113k
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
[e-mail]
https://research.quirinprivatbank.de/

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2229620 13.11.2025 CET/CEST