Init innovation in traffic systems SE (IXX.DE), a technology company, reported increase in net earnings for the third quarter compared to last year.
Init's net profit went up to 5.45 million euros from 3.32 million euros the prior year. Per-share earnings climbed to 0.55 euros compared to 0.34 euros a year ago.
For the reported period, earnings before interest and taxes or EBIT were 8.66 million euros higher than last year of 5.01 million euros.
Revenue for the period rose to 85.12 million euros, an increase of 34% compared to 63.63 million euros the earlier year.
The technology company's order intake for the third quarter were 64.3 million euros.
The firm confirmed full year 2025 outlook with EBIT still estimated between 32-35 million euros, revenue estimated between 340-370 million euros.
On XETRA in Germany, shares closed on Wednesday's regular trading 0.22 percent higher at 44.60 euros.
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